Closes $30 Million to Fund Strategic Growth Plans

30 January 2009, a leading provider of research and estimates to institutional investors worldwide, today announced it has completed a $30 million Series S Rights Offering to its existing broker-owners, eleven of the world’s largest investment banks. This investment will fund the Company’s strategic development initiatives during a period of accelerating profitability that follows four consecutive years of triple-digit revenue growth of its flagship product. “This investment is a tangible validation of our business model to provide value-added content and workflow solutions to the buy-side,” said David Eisner, CEO and President of

“Together with our already strong cash flow and balance sheet, this round of financing will propel our growth in the coming years. The funding will enable us to pursue strategic investments and acquisitions, as we continue to expand globally by leveraging our existing distribution platform and our unique relationships with the sell-side to introduce new products and services requested by our clients.”

Gary Offner, a Board Member of and Vice President, Institutional Equities Division Strategic Investments at Morgan Stanley, one of five lead investors, agreed, stating, “The economics of’s business and its prospects are very compelling.” Hugh Aller, Board Member and a Managing Director in Citi’s Global Equities business, said, “Over the seven years since its founding, has become a vital link between the needs of the buy-side and the services of the sell-side and has done a tremendous job growing its business, while serving the needs of both constituencies.”

“ has a proven management team and a sound business model,” said Mark Steinert, new Board Member of and Global Head of Research at UBS, also an owner. “We view the Company as an ideal vehicle through which to develop new tools for the buy-side that uniquely leverage our services, and we were delighted to be a significant investor in the round.”

As part of its focus on continued growth, has increased the depth of its senior management team with the appointment of Jean-Marc Levy as Chief Financial and Development Officer, leading the Company’s finance, administration, and business development activities. Levy, for the past five years, has acted as a strategic advisor to the Company and been instrumental in its industry-leading growth. In addition, he brings 20 years of senior management and business development experience with financial and information services companies such as the Thomson Corporation, Moody’s Investors Service, Shearson Lehman Brothers, and the Dun & Bradstreet Corporation.

At the same time, Scott Rosen joins as the Company’s first Entrepreneur-in-Residence, a newly created position, in which he will work with the senior management team to identify and capitalize on new strategic growth opportunities for Rosen brings nearly 20 years of experience in corporate strategy, at a variety of leading financial services firms, including I/B/E/S, prior to its acquisition by Thomson Financial, where he directed research and analysis activities, and later Thomson Financial, where he led the First Call research business and directed product strategy and innovation.

“Jean-Marc and Scott bring successful track records and unparalleled expertise in the financial information and technology space,” said Eisner. “But even more than that, they bring the kind of leadership and vision that we look for when strengthening our team. I am excited by their involvement in the next phase of our growth as a company.”

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