This excerpt taken from the MORN 8-K filed Jan 10, 2008.
Morningstar, Inc. Completes Acquisition of Hemscott Businesses from Ipreo Holdings LLC
CHICAGO, Jan. 9, 2008Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today announced it has completed its previously announced acquisition of the Hemscott data, media, and investor relations Web site businesses from Ipreo Holdings LLC for $51.6 million in cash, subject to working capital adjustments.
The acquisition includes:
The Hemscott businesses that Morningstar acquired have approximately 200 employees in New Delhi, India, 70 employees in London, and 10 employees in the United States.