Morningstar Acquires Andex Associates, Leading Provider of Financial Communications Materials in Canada; Completes Acquisition of Equity Research and Data Business of C.P.M.S. Computerized Portfolio Management Services



    CHICAGO, May 1 /CNW/ -- Morningstar Research Inc., a Canadian subsidiary
of Morningstar, Inc. (Nasdaq:   MORN), has acquired Andex Associates Inc., a
privately held firm based in Windsor, Ontario, Canada that produces financial
charts and communications materials for financial advisors. Terms were not
disclosed.

    Andex Associates was founded in 1993 by Anthony DiMeo and Dexter
Robinson. The company is best known for its Andex Charts, individual graphic
charts detailing historical market returns, stock index growth, inflation
rates, currency rates, and general economic conditions for the United States
dating back to 1926, and for Canada dating back to 1950. The charts offer
in-depth historical information to help investors understand the context and
propensity of market downturns and recoveries. Andex serves most of the
leading financial services firms in Canada, including BMO Financial Group,
CIBC, Great West Life, Investors Group, London Life, RBC Royal Bank,
Scotiabank, and TD Canada Trust.

    "Morningstar and Andex offer iconic images that help financial
professionals communicate important messages about long-term investing, market
performance, risk, asset allocation, and the historical context of the
financial markets," said Mike Barad, vice president of financial
communications for Morningstar. "Andex Charts are the best-selling financial
charts and images in the Canadian market, and Morningstar has the best-selling
financial charts in the U.S. market. Adding Andex Charts to Morningstar's
product lineup will allow us to offer our combined client base a broader range
of financial communications materials."

    Scott Mackenzie, president and chief executive officer of Morningstar
Research Inc., said, "Morningstar has been building its business in Canada for
the last decade, and we're excited to be able to broaden our product offerings
and further expand our brand presence in the Canadian market. This acquisition
also gives us the opportunity to grow our client base and reach many new
advisors and investors."

    Morningstar offers a full library of print, electronic, and Web-based
market analysis communications materials including charts, graphs, books,
brochures, and PowerPoint presentations to help advisors clearly communicate
fundamental investment concepts to their clients. The company produces
hundreds of charts, and its most popular one is the Ibbotson(R) SBBI(R) chart,
which shows U.S. capital markets performance dating back to 1926.

    Separately, Morningstar Research Inc. has completed its previously
announced acquisition of the equity research and data business of C.P.M.S.
Computerized Portfolio Management Services Inc., a privately owned independent
equity research and data firm in Toronto, for C$16.1 million, subject to
post-closing adjustments.

    C.P.M.S. tracks fundamental equity data for approximately 4,000
securities in the United States and Canada as well as provides brokerage
earnings estimates for Canadian equities.
    

    About Morningstar, Inc.
    
    Morningstar, Inc. is a leading provider of independent investment
research in North America, Europe, Australia, and Asia. The company offers an
extensive line of Internet, software, and print-based products and services
for individuals, financial advisors, and institutions. Morningstar provides
data on more than 300,000 investment offerings, including stocks, mutual
funds, and similar vehicles, along with real-time global market data on more
than 4 million equities, indexes, futures, options, commodities, and precious
metals, in addition to foreign exchange and Treasury markets. The company has
operations in 19 countries and minority ownership positions in companies based
in three other countries.
    

    Caution Concerning Forward-Looking Statements
    
    This press release contains forward-looking statements as that term is
used in the Private Securities Litigation Reform Act of 1995. These statements
are based on our current expectations about future events or future financial
performance. Forward-looking statements by their nature address matters that
are, to different degrees, uncertain, and often contain words such as "may,"
"could," "expect," "intend," "plan," "seek," "anticipate," "believe,"
"estimate," "predict," "potential," or "continue." These statements involve
known and unknown risks and uncertainties that may cause the events we
discussed not to occur or to differ significantly from what we expected. For
us, these risks and uncertainties include, among others, general industry
conditions and competition, including the global financial crisis that began
in 2007; the impact of market volatility on revenue from asset-based fees;
damage to our reputation resulting from claims made about possible conflicts
of interest; liability for any losses that result from an actual or claimed
breach of our fiduciary duties; financial services industry consolidation; a
prolonged outage of our database and network facilities; challenges faced by
our non-U.S. operations; and the availability of free or low-cost investment
information. A more complete description of these risks and uncertainties can
be found in our filings with the Securities and Exchange Commission, including
our Annual Report on Form 10-K for the year ended December 31, 2008. If any of
these risks and uncertainties materialize, our actual future results may vary
significantly from what we expected. We do not undertake to update our
forward-looking statements as a result of new information or future events.
    

    (C)2009 Morningstar Inc. All rights reserved.

    

    
    Media Contacts:
    Nadine Youssef, 312-696-6601, nadine.youssef@morningstar.com
    Margaret Kirch Cohen, 312-696-6383, margaret.cohen@morningstar.com




    




For further information:

For further information: Nadine Youssef, +1-312-696-6601,
nadine.youssef@morningstar.com, or Margaret Kirch Cohen, +1-312-696-6383,
margaret.cohen@morningstar.com, both of Morningstar, Inc. Web Site:
http://www.morningstar.com


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