Avendus Capital Advises Amba Research on Its Acquisition by Moody’s Corporation.
Moody's Corporation (NYSE:MCO) announced today that it has acquired Amba Investment Services, a provider of investment research and quantitative analytics for global financial institutions. Amba will operate as part of Moody's Analytics majority-owned subsidiary, Copal Partners.
The acquisition will bolster the research and analytical capabilities offered by Moody's Analytics through Copal, creating a leading outsourcing provider for the global financial sector, including nine of the ten largest global investment banks. Moody's acquired a majority stake in Copal in 2011.
Founded in 2003, Amba provides outsourced investment research and analytics to financial institutions, including asset managers, investment banks, broker-dealers, insurance and alternative investment firms. Amba operates service delivery centers in Costa Rica, India and Sri Lanka, as well as sales offices in major financial centers.
Avendus Capital was the sole financial advisor to Amba for this transaction.
About Amba Research
Amba Research is a Knowledge Process Outsourcing (KPO) firm providing investment research and analytics support services to the global capital markets industry. Amba Research offers investment research services across multiple asset classes including equities, fixed income and credit, and quantitative research, while also providing financial institutions services such as sales and marketing support, regulatory compliance support, and corporate finance services.
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