Reuters Acquires Analyst Rating Firm StarMine
Reuters has acquired analyst rating firm StarMine. StarMine was founded in 1998 in an effort to apply quantitative approaches in the rating of sell-side analysts. Previously, analyst ratings were based largely on beauty contests such as the Institutional Investor all star analyst list.
StarMine applications can be used by buy-side firms to assess street research and by sell-side firms to assess their own analysts' performance. They have also developed analytic applications to help predict estimate revisions and to analyze earnings quality.
StarMine investors include Instinet, Hummer Winblad and American City Ventures.
Marlin & Associates advised StarMine in the deal.
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