CRISIL buys Analytics Firm
Rating agency Crisil acquired Britain-based analytics firm Coalition Development and its subsidiaries for around Rs 250 crore (29 million pounds), which will help it expand the service offerings and customer base. Coalition deploys proprietary analytics and algorithms to provide analytics on market size and dynamics, revenue opportunities and human capital. Its analytics are used by boards, strategy teams and top management at leading financial services institutions. Coalition will be a part of Crisil’s global research & analytics GR&A business. Crisil GR&A is a top-ranked provider of high-end research and analytics services. It is the world’s largest provider of equity and fixed income research services supporting around 90% of global market or over 2,000 stocks, and is also the foremost provider of end-to-end risk and analytics services to trading and risk management functions at the world’s leading financial institutions and corporations. Currently, Crisil’s Global Research & Analytics business provides equity research, fixed income research and even risk and analytics for exotic derivatives trading and operates from centres in Argentina, China, India, and Poland. Coalition could look at offering analytics in these emerging markets.
Coalition is in the niche business of providing high end analytics to leading investment banks of the world helping management do a performance analysis of various revenue pools. The company has around 130 employees in US, UK, Singapore and India and was earlier owned by institutional shareholders which included JP Morgan, UBS and Deutsche Bank. Coalition deploys unique proprietary analytics and algorithms to provide deep analytics on market size and dynamics, revenue opportunities and human capital. Coalition’s analytics provide a clear, actionable picture of the markets and are used by boards, strategy teams and top management at leading financial services institutions.