CPMS is a highly regarded firm with a long history of providing superior equity data and research to the Canadian investment community, said Scott Mackenzie, president and chief executive officer of Morningstar Research, the Canadian subsidiary of Morningstar. Most investment managers in Canada use CPMS equity research and data, and by acquiring this business, well be able to expand our global investment data and research offerings.
Rick Przybylski, founder, president and CEO of CPMS, said, As part of our long-term goals and objectives, weve always looked to expand our presence outside of Canada. Morningstars global fundamental database, distribution network and reputation will provide opportunities to enhance our equity research and data business and expand our client base.
