Informa acquires finance specialists Moorthy, Riggs and Associates
California-based Informa Research Services has acquired Moorthy, Riggs and Associates (MRA), a specialist in product and fee research for the financial services industry.
The deal is set to give MRA a technology boost, allowing its clients “real-time access” to Informa's online data analysis system, Informagic. Previously, most clients received data on a “semi-annual basis”, said Sophia Moorthy, co-founder of MRA.
Michael Adler, president and managing director of Informa, said: “It is my goal to continue to assemble a team of really smart, hardworking, energetic people to make Informa the place where companies go for all their competitive intelligence needs.”
The acquisition follows Informa's purchase of full-service MR firm Market Trends in 2004, which marketing director, James Royal said would allow it to expand its work outside the financial industry.