Morningstar is acquiring the equity research and data business of Computerized Portfolio Management Services of Toronto for C$16.1 million. The companies expect to complete the sale in the second quarter.

“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, we’ll be able to expand our global investment data and research offerings.”

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