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Rating:Morningstar Ties in to EDGAR Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, December 04, 2008

Morningstar Ties in to EDGAR

Reported by Neil Anderson, Managing Editor

Even as the markets and economy shake, Morningstar is still acquiring. On Thursday the Chicago-based fund ratings firm unveiled its $12.5 million purchase of 10-K Wizard, a specialized financial research firm that utilizes the SEC's EDGAR system.

"The acquisition of 10-K Wizard aligns with our goal of bringing greater transparency to equity investments," stated Morningstar data services president Liz Kirscher, praising 10-K as "a well-respected resource for financial research.

Dallas-based 10-K boast about 25 employees. Morningstar spokeswoman Alexa Auerbach confirmed that they "hope to retain of the employees" at 10-K and that 10-K CEO Martin Zacarias has agreed to stay on. Zacarias will report to Guoping Dai, head of global equity data business. 

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