Moody’s Acquires Catylist, Inc., Advancing its Commercial Real Estate Capabilities
NEW YORK–(BUSINESS WIRE) – Moody’s Corporation (NYSE: MCO) announced today that it has acquired Catylist, Inc., a provider of commercial real estate (CRE) solutions for brokers. The acquisition will further develop Moody’s Analytics (MA) CRE platform, which will significantly improve data coverage at the property level and expand the range of analysis solutions for the brokerage market.
“Catylist provides deep insights into the CRE markets through its impressive scope and coverage, intuitive user interface and innovative research services for brokers,” said Stephen Tulenko, President of Moody’s Analytics. “The acquisition of Catylist complements Moody’s analytics capabilities and expands our growing suite of CRE tools that integrate rich and relevant data with powerful analytics. We look forward to continuing to invest in and improve our CRE capabilities to help our customers make better decisions. ”
Catylist’s innovative platform offers CRE brokers a comprehensive suite of data, analytical tools and verified information on property listing. Combined with Moody’s existing CRE capabilities, Catylist’s powerful proprietary tools, research, and market intelligence enable customers to analyze inventory, price, and vacancy trends.
“Moody’s is widely known for its outstanding data and analytics. Its evolving skills in commercial real estate have made it a trusted name in the industry,” said Ronald D. Marten, CCIM, Founder, President and CEO of Catylist. “We look forward to growing our business and serving the changing needs of the sector as part of a dynamic company like Moody’s.”
The acquisition builds on Moody’s purchase of Reis, Inc., a leading CRE data and analytics provider, in 2018. Catylist’s data, including information obtained directly from brokers, will further inform and improve Moody’s extensive and growing network of CRE products and services.
The acquisition was funded with cash and is not expected to have a material impact on Moody’s 2020 financial results.
ABOUT MOODY’S CORPORATION
Moody’s (NYSE: MCO) is a global risk assessment company that empowers companies to make better decisions. Its data, analytical solutions, and insights help decision-makers identify opportunities and manage the risks of doing business with others. We believe that greater transparency, more informed decisions, and fairer access to information open the door to mutual progress. With over 11,400 employees in more than 40 countries, Moody’s combines international presence with local expertise and over a century of experience in the financial markets. Learn more at Moodys.com/about.
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Certain statements contained in this press release are forward-looking statements and are based on future expectations, plans and prospects for the business and operations of Moody’s Corporation (the “Company”) that involve a number of risks and uncertainties. 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These factors, risks, and uncertainties include, but are not limited to, the impact of COVID-19 on volatility in the US and global financial markets, general economic conditions and GDP growth in the US and worldwide, and the company’s own operations and staff . Many other factors could cause actual results to differ from Moody’s outlook, including disruptions in the credit market or economic slowdown that could affect the volume of debt and other securities issued in the domestic and / or global capital markets. other matters that could affect the volume of debt and other securities issued in domestic and / or global capital markets, including regulation, credit quality concerns, changes in interest rates and other volatility in financial markets, such as: B. Due to Brexit and the uncertainty as a company, transition away from LIBOR; the extent of merger and acquisition activity in the US and abroad; the uncertain effectiveness and possible collateral consequences of US and foreign government actions that affect credit markets, international trade and economic policy, including those related to tariffs and trade barriers; Concerns in the market that affect our credibility or otherwise affect the market’s perception of the integrity or usefulness of independent credit ratings; the introduction of competing products or technologies by other companies; Pricing pressure from competitors and / or customers; the level of success in new product development and global expansion; the impact of regulation as an NRSRO, the potential for new US, state, and local laws and regulations, including provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”) and regulations that arise from Dodd-Frank; the potential for more competition and regulation in the EU and other foreign jurisdictions; Exposure to litigation related to Moody’s Investors Service’s rating statements and other litigation, governmental and regulatory proceedings, investigations and investigations to which the company may be exposed from time to time; Provisions in the Dodd-Frank Legislation to change the standards of writing and EU rules to change the standards of liability that apply to credit rating agencies in a way contrary to credit rating agencies Provisions of EU rules that impose additional procedural and material requirements on the pricing of services and the extension of prudential jurisdiction to non-regulatory ratings for regulatory purposes; the possible loss of key employees; Failures or malfunctions in our operations and infrastructure; Vulnerabilities to cyber threats or other cybersecurity concerns; the outcome of a review of the Company’s global tax planning initiatives by the controlling tax authorities; Exposure to potential criminal penalties or civil remedies if the company violates foreign and US laws and regulations in force in the countries in which the company operates, including privacy and privacy laws, sanctions laws, anti-corruption laws, and local law laws, prohibiting corrupt payments to government officials; the effects of a merger, acquisition or other business combination and the company’s ability to successfully integrate such acquired businesses; Currency and foreign exchange volatility; the amount of future cash flows; the amount of capital investment; and a decline in the demand from financial institutions for tools for credit risk management. These factors, risks and uncertainties, as well as other risks and uncertainties that could cause Moody’s actual results to differ materially from those anticipated, expressed, projected, expected or implied in any forward-looking statements will be exacerbated now or in the future by the COVID-19 outbreak and are described in more detail under “Risk Factors” in Part I Item 1A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2019, and its Quarterly Report on Form 10-Q for that March 31 2020 and in other filings by the Company from time to time with the SEC or in materials herein or contained therein. Shareholders and investors are cautioned that the occurrence of any of these factors, risks and uncertainties could cause actual results of the company to differ materially from those anticipated, expressed, projected, expected or implied in any forward-looking statements that are material and material Effects can have adverse effects on the business, results of operations and financial position of the company. From time to time, new factors may appear and the company will not be able to predict new factors, nor will the company be able to assess the potential impact of new factors on the company.