Moody’s Corporation announced today that it has acquired Cortera, a provider of North American credit data and workflow solutions.
“Cortera plays an important role in helping businesses understand each other,” said Stephen Tulenko, president of Moody’s Analytics. “Our customers will be able to leverage Cortera’s extensive information on small businesses with Moody’s proprietary analytic tools to make better decisions.”
“Combining Moody’s capabilities with Cortera’s robust data and analytics on US private companies will provide customers with deeper insights” said Jim Swift, CEO of Cortera. “This deal will greatly enhance our reach and capabilities and enable us to meet evolving customer needs.”
Paul Hastings LLP served as legal advisor to Moody’s on the transaction. Raymond James & Associates served as financial advisor to Cortera and Morris, Manning & Martin LLP served as legal advisor to Cortera.