Morningstar buys Framingham software co.
Courtesy
InvestSoft will be rebranded under the Morningstar name as part of the sale.
Framingham’s InvestSoft Technology has been purchased by independent investment research firm Morningstar, Inc.
The purchase of the company was announced Tuesday with none of the financial details being revealed. As part of the purchase, Morningstar will gradually integrate the firm's bond portfolio analysis capabilities into its data processing systems and products. The company will rebrand InvestSoft under the Morningstar name.
Al Roitfarb founded InvestSoft in 1992 as Investment Technology. Roitfarb will become head of architecture and fixed income at Morningstar, and his son and current CEO of InvestSoft, Todd Roitfarb, will become head of fixed-income products for Morningstar.
Morningstar is a provider of independent investment research in North America, Europe, Australia, and Asia, based out of Chicago. The company also offers investment management services through its investment advisory subsidiaries, with more than $180 billion in assets under advisement and management as of March 31.
WBJ Web Partners
Most Recent
Most Recent
0 Comments