Institutional Shareholder Services ("ISS"), the leading provider of Corporate Governance information, was acquired yesterday by RiskMetrics Group.
ISS is best known for its Corporate Governance Quotient reports, which rate more than 7,500 public companies for their board structure, audit issues, executive compensation, insider ownership and other criteria that measure governance.
RiskMetrics, spun out of JP Morgan, provides analytical tools to help financial institutions assess their market and credit risk. The combined Company will have 900 employees and estimated revenues of $200 million.
A copy of the press release can be found here.
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