MSCI Expands Custom Index Offering With Acquisition of Foxberry
MSCI Inc, a leading provider of mission-critical decision support tools and services for the global investment community, has announced its acquisition of London-based provider of front-office index technology, Foxberry.This strategic move allows MSCI to strengthen its custom index offering and enhance its ability to deliver investment solutions driven by technology.
Foxberry, founded in 2014, focuses on building and delivering investment solutions that account for a specific set of criteria and increase value-add.With this acquisition, MSCI aims to leverage Foxberry’s expertise in front-office index technology to further enhance their existing suite of innovative solutions for asset managers and investors.
MSCI Inc is well-known in the industry for its range of investment decision support tools, including indexes, analytics, and data.These offerings help clients measure and manage various dimensions of risk and performance.The company generates revenue primarily through subscriptions and licensing fees for these products and services, and its shares currently stand at $582, reaching a 52-week high.
The acquisition of Foxberry is expected to have a positive impact on MSCI’s market position and profitability.By expanding its custom index offering and incorporating Foxberry’s advanced technology, MSCI can cater to the growing demand for tailored investment solutions.This acquisition also enables MSCI to strengthen its relationship with asset managers and investors, cementing its position as a leading provider of innovative tools and services in the investment community.
Overall, this acquisition is a strategic move for MSCI, aligning with its mission to provide cutting-edge solutions for its clients and stay ahead of industry trends.By investing in advanced technology and expanding its offerings, MSCI is well-positioned to drive growth and create value for its shareholders in the future.
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