Business

Moody’s acquires RMS

The acquisition will immediately increase Moody’s insurance data and analytics business to nearly $500m (£360m) in revenue

Moody’s Corporation has entered into a definitive agreement to acquire RMS for approximately $2bn (£1.4bn) from DMGT.

The acquisition will immediately increase Moody’s insurance data and analytics business to nearly $500m (£360m) in revenue and will “accelerate the development of the company’s global integrated risk capabilities to address the next generation of risk assessment”.

The acquisition builds upon Moody’s and RMS’s “complementary” customer bases and capabilities in the life and P&C insurance and reinsurance segments. 

For the fiscal year ending September 30, 2021, RMS is anticipated to generate revenue of approximately $320m (£230m) and adjusted operating income of approximately $55m (£40m).

Rob Fauber, president and chief executive officer of Moody’s, said: “We are excited to add RMS and its team of world-class data scientists, modelers and software engineers to the Moody’s family to help accelerate solutions that enable customers to build resilience and make better decisions.”

Karen White, chief executive Officer of RMS, added: “Within Moody’s, I’m confident RMS will be able to accelerate technology and model innovations while combining with Moody’s core data and analytics offerings for powerful, holistic solutions.”

Show More
Back to top button