Data, Analytical Solutions Provider Moody�s to Acquire RMS

Aitechpark06 Aug, 2021Technology

Moody?s Corporation (NYSE: MCO) and RMS announced today that they have entered into a definitive agreement for Moody?s to acquire RMS, a leading global provider of climate and natural disaster risk modeling and analytics, for approximately $2.0 billion from Daily Mail and General Trust plc (LON: DMGT). The acquisition will immediately increase Moody?s insurance data and analytics business to nearly $500 million in revenue and will accelerate the development of the Company?s global integrated risk capabilities to address the next generation of risk assessment.