MSCI Completes Acquisition of Trove Research

Rhea-AI Summary

MSCI Inc. has completed its acquisition of Trove Research, a firm specializing in data and analytics on the voluntary carbon markets. The acquisition was announced on October 10, 2023. Trove's data and analytics will help MSCI develop solutions for the voluntary carbon market, promoting clarity and consistency for investors and companies.

NEW YORK--(BUSINESS WIRE)-- MSCI Inc. (NYSE: MSCI), a leading provider of mission-critical decision support tools and services for the global investment community, today announced that it has completed its acquisition of Trove Research, a firm specializing in data and analytics on the voluntary carbon markets.

The acquisition was originally announced on October 10, 2023.

Henry Fernandez, Chairman and Chief Executive Officer, MSCI, said: “The completion of this acquisition represents a milestone for MSCI. Trove’s data and analytics will help us develop a wide range of solutions for the voluntary carbon market, which is critical to supporting our clients as they manage carbon emissions in their portfolios. Through these solutions, MSCI will promote greater clarity and consistency for investors and companies across industries.”

About MSCI Inc.

MSCI is a leading provider of critical decision support tools and services for the global investment community. With over 50 years of expertise in research, data, and technology, we power better investment decisions by enabling clients to understand and analyze key drivers of risk and return and confidently build more effective portfolios. We create industry-leading research-enhanced solutions that clients use to gain insight into and improve transparency across the investment process. To learn more, please visit www.msci.com. MSCI#IR

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including without limitation, statements relating to the integration of Trove Research and prospects for the newly acquired business. These forward-looking statements relate to future events or to future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these statements. In some cases, you can identify forward-looking statements by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential” or “continue,” or the negative of these terms or other comparable terminology. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond MSCI’s control and that could materially affect actual results, levels of activity, performance or achievements.

Other factors that could materially affect actual results, levels of activity, performance or achievements can be found in MSCI’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022 filed with the Securities and Exchange Commission (“SEC”) on February 10, 2023 and in quarterly reports on Form 10-Q and current reports on Form 8-K filed or furnished with the SEC. If any of these risks or uncertainties materialize, or if MSCI’s underlying assumptions prove to be incorrect, actual results may vary significantly from what MSCI projected. Any forward-looking statement in this press release reflects MSCI’s current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to MSCI’s operations, results of operations, growth strategy and liquidity. MSCI assumes no obligation to publicly update or revise these forward-looking statements for any reason, whether as a result of new information, future events, or otherwise, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231101965032/en/

Investor Inquiries

jeremy.ulan@msci.com

Jeremy Ulan +1 646 778 4184

jisoo.suh@msci.com

Jisoo Suh +1 917 825 7111

Media Inquiries

PR@msci.com

Melanie Blanco +1 212 981 1049

Konstantinos Makrygiannis +44 (0) 7768 930056

Tina Tan +852 2844 9320

MSCI Global Client Services

EMEA Client Service + 44 20 7618.2222

Americas Client Service +1 888 588 4567 (toll free)

Asia Pacific Client Service + 852 2844 9333

Source: MSCI Inc.

FAQ

What is the name of the company that acquired Trove Research?

MSCI Inc.

What does Trove Research specialize in?

Data and analytics on the voluntary carbon markets.

When was the acquisition of Trove Research announced?

October 10, 2023.

What will MSCI do with Trove's data and analytics?

Develop a wide range of solutions for the voluntary carbon market.

What is the goal of MSCI's solutions for the voluntary carbon market?

Promote greater clarity and consistency for investors and companies across industries.