NEW
YORK, May 1, 2024 /PRNewswire/ -- S&P Global
(NYSE: SPGI) today announced the successful completion of its
acquisition of Visible Alpha, the financial technology provider of
deep industry and segment consensus data, creating a premium
offering of fundamental investment research capabilities on S&P
Global Market Intelligence's Capital IQ Pro platform. Visible Alpha
will be operated within the S&P Global Market Intelligence
division.
"Visible Alpha and its innovative team are an outstanding
complement to S&P Global's culture and capabilities," said
Adam Kansler, President of
S&P Global Market Intelligence. "The integration of Visible
Alpha into S&P Capital IQ Pro demonstrates another
transformative leap for our platform and reflects our combined
commitment to providing customers with the highest quality
investment research, estimates and analytics in the
market."
Founded in 2015, Visible Alpha provides consensus forecast
estimates, key performance indicators, and analytics from in-depth
sell-side analyst models and distributes the data through a variety
of distribution channels including a web-based platform, APIs and
Feeds. Visible Alpha is backed by a group of investment banks that
are key contributors of research and data to the platform. Their
continued contributions will further enhance the depth and breadth
of the overall Visible Alpha and S&P Capital IQ Pro
offering.
S&P Global announced its agreement to acquire Visible
Alpha in February 2024. The Company
does not expect this transaction to have a material financial
impact on S&P Global Market Intelligence or S&P Global as a
whole.
Skadden, Arps, Slate, Meagher & Flom LLP is acting as
S&P Global's legal advisor. Jefferies LLC is acting as Visible
Alpha's exclusive financial advisor and Morgan, Lewis & Bockius
LLP is acting as Visible Alpha's legal advisor.
Forward-looking statements are subject to inherent risks and
uncertainties. Factors that could cause actual results to differ
materially from those expressed or implied in forward-looking
statements include, among other things:
- the impact of the acquisition of Visible Alpha, including the
impact on the Company's results of operations; any failure to
successfully integrate the acquired departments into the Company's
operations; and any failure to attract and retain key
employees;
- the risk of litigation, unexpected costs, charges or expenses
relating to the acquisition;
- risks related to the satisfaction or waiver of the conditions
to closing the acquisition (including the failure to obtain
necessary regulatory approvals) in the anticipated timeframe or at
all, including the possibility that the acquisition does not
close;
- the occurrence of any event, change or other circumstance or
condition that could give rise to the termination of the
acquisition agreement;
- risks related to the ability to realize the anticipated
benefits of the acquisition, including the possibility that the
expected benefits from the acquisition will not be realized or will
not be realized within the expected time period;
- the process by which the Company engages in evaluation of
strategic alternatives for Fincentric;
- the Company's ability to identify potential merger or
acquisition partners for Fincentric;
- worldwide economic, financial, political, and regulatory
conditions (including slower GDP growth or recession, instability
in the banking sector and inflation), and factors that contribute
to uncertainty and volatility, natural and man-made disasters,
civil unrest, public health crises (e.g. pandemics), geopolitical
uncertainty (including military conflict and public protests), and
conditions that may result from legislative, regulatory, trade and
policy changes;
- the volatility and health of debt, equity, commodities, energy
and automotive markets, including credit quality and spreads, the
level of liquidity and future debt issuances, demand for investment
products that track indices and assessments and trading volumes of
certain exchange-traded derivatives;
- the demand and market for credit ratings in and across the
sectors and geographies where the Company operates;
- the Company's ability to successfully recover should it
experience a disaster or other business continuity problem from a
hurricane, flood, earthquake, terrorist attack, pandemic, security
breach, cyber attack, data breach, power loss, telecommunications
failure or other natural or man-made event, including the ability
to function remotely during long-term disruptions;
- the Company's ability to maintain adequate physical, technical
and administrative safeguards to protect the security of
confidential information and data, and the potential for a system
or network disruption that results in regulatory penalties and
remedial costs or improper disclosure of confidential information
or data;
- the outcome of litigation, government and regulatory
proceedings, investigations and inquiries;
- concerns in the marketplace affecting the Company's credibility
or otherwise affecting market perceptions of the integrity or
utility of independent credit ratings, benchmarks, indices and
other services;
- the effect of competitive products and pricing, including the
level of success of new product developments and global
expansion;
- the Company's exposure to potential criminal sanctions or civil
penalties for noncompliance with foreign and U.S. laws and
regulations that are applicable in the domestic and international
jurisdictions in which it operates, including sanctions laws
relating to countries such as Iran, Russia,
Sudan, Syria and Venezuela, anti-corruption laws such as the
U.S. Foreign Corrupt Practices Act and the U.K. Bribery Act of
2010, and local laws prohibiting corrupt payments to government
officials, as well as import and export restrictions;
- the continuously evolving regulatory environment, in
Europe, the United States and elsewhere around the
globe, affecting S&P Global Market Intelligence, S&P Global
Ratings, S&P Global Commodity Insights, S&P Global
Mobility, S&P Dow Jones Indices, and the products those
business divisions offer including our ESG products, and the
Company's compliance therewith;
- the Company's ability to make acquisitions and dispositions and
successfully integrate the businesses we acquire;
- consolidation in the Company's customers, suppliers or
competitors;
- the introduction of competing products or technologies by other
companies;
- the impact of customer cost-cutting pressures, including in the
financial services industry and the commodities markets;
- a decline in the demand for credit risk management tools by
financial institutions;
- the level of merger and acquisition activity in the United States and abroad;
- the volatility and health of the energy and commodities
markets;
- our ability to attract, incentivize and retain key employees,
especially in today's competitive business environment;
- the level of the Company's future cash flows and capital
investments;
- the impact on the Company's revenue and net income caused by
fluctuations in foreign currency exchange rates;
- the Company's ability to adjust to changes in European and
United Kingdom markets as the
United Kingdom leaves the European
Union, and the impact of the United
Kingdom's departure on our credit rating activities and
other offerings in the European Union and United Kingdom; and
- the impact of changes in applicable tax or accounting
requirements on the Company.
The factors noted above are not exhaustive. The Company and its
subsidiaries operate in a dynamic business environment in which new
risks emerge frequently. Accordingly, the Company cautions readers
not to place undue reliance on any forward-looking statements,
which speak only as of the dates on which they are made. The
Company undertakes no obligation to update or revise any
forward-looking statement to reflect events or circumstances
arising after the date on which it is made, except as required by
applicable law. Further information about the Company's businesses,
including information about factors that could materially affect
its results of operations and financial condition, is contained in
the Company's filings with the Securities and Exchange Commission,
including Item 1A, Risk Factors, in our most recently filed
Annual Report on Form 10-K, which can be obtained at its website at
http://www.sec.gov.
About S&P Global
S&P Global (NYSE: SPGI) provides essential intelligence. We
enable governments, businesses and individuals with the right data,
expertise and connected technology so that they can make decisions
with conviction. From helping our customers assess new investments
to guiding them through ESG and energy transition across supply
chains, we unlock new opportunities, solve challenges, and
accelerate progress for the world.
We are widely sought after by many of the world's leading
organizations to provide credit ratings, benchmarks, analytics and
workflow solutions in the global capital, commodity and automotive
markets. With every one of our offerings, we help the world's
leading organizations plan for tomorrow, today. For more
information, visit www.spglobal.com.
Media Contacts
Christina
Twomey
S&P Global
+1
(410)
382-3316
christina.twomey@spglobal.com
Farhan Husain
S&P Global Market Intelligence
+1 347 213
0065
farhan.husain@spglobal.com
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SOURCE S&P Global