Morningstar Says Its Acquisition Of InvestSoft Technology Will Offer Clients 'Better Transparency Into Bond Funds'

on Wednesday it has agreed to acquire InvestSoft Technology, a provider of fixed-income analytics that offers tools to examine fixed-income securities and portfolios. InvestSoft Technology is known for its BondPro Fixed-Income Calculation Engine that provides more than 130 analytic and accounting calculations. Morningstar plans to integrate its newly acquired company into its own data processing systems and product functionality. InvestSoft Technology will be re-branded under the Morningstar name. Frannie Besztery, head of data for Morningstar, said, "We're committed to enhancing our ability to analyze bond portfolios. Our asset management and advisor clients have been asking for more robust fixed-income capabilities, and InvestSoft's analytics will help us create a more complete view of mutual fund and exchange-traded fund portfolios, providing investors with better transparency into bond funds." Todd Roitfarb, chief executive officer of InvestSoft, said, "InvestSoft understands the real-time needs of investment firms, and we pride ourselves on the speed and accuracy of our calculations and the seamlessness of our data processing. Now that we are part of Morningstar, we can reach and better serve more investors who need high-quality fixed-income analytics."