Suvarna Garge

Micropal

Updated on
Share on FacebookTweet on TwitterShare on LinkedIn
Industry  Financial Services
Headquarters  London, United Kingdom
Successor  Standard & Poor's
Defunct  November 1997
Products  Micropal Workstation
Founded  1985
Number of employees  150
Fate  Mergers and acquisitions

Micropal Group Limited, known as Micropal, was a global financial services company specialising in the collection and analysis of mutual fund performance data.

Contents

History

The firm was founded and financed in 1983 by Christopher Poll and John Richardson. In 1985, the company consisted of 7 people who developed the company into 15 offices around the world, including an agency started in 1991 in Switzerland by Justin Wheatley, The company expanded into the US with the acquisition of Investment Company Data, Inc.

Acquisition by The McGraw-Hill Companies

In November 1997, The McGraw-Hill Companies, a global publisher purchased Micropal, in order to add the firm to its Standard & Poor's market information brand. Micropal became the '"S&P Micropal" division of Standard & Poor's. Christopher Poll, who had been serving as Chairman, retired from the company, and Mark Adorian was appointed to head the new division.

In March February 22, 2007, Standard & Poor's mutual fund data business, including Micropal, was acquired by Morningstar, Inc. for US$55 million.

Business description

During its existence, Micropal came to be considered a global leader in providing independent information on mutual funds In Europe, their data, rankings & awards were widely quoted in media outlets as well as the marketing materials of fund companies. Christopher Poll and other members of the company would also be called upon to offer sound bites on subjects related to the mutual fund industry.

Micropal was the first mutual fund tracking company to establish itself in Asia, and by the time competitors began to seriously enter the market in 1997 Micropal had 12 employees in four regional offices

References

Micropal Wikipedia


Similar Topics
Micropaleontology
Nick Bobeck
Basel Rajoub
Topics