Moody's Corporation Acquires Barrie & Hibbert for $77.6M

Moody's Corporation MCO announced today that it has acquired Barrie & Hibbert Limited, a leading provider of risk management modeling tools for insurance companies worldwide. The acquisition broadens Moody's Analytics suite of software solutions for the insurance and pension sectors. With more than 150 customers around the world, Barrie & Hibbert's Economic Scenario Generator is widely recognized as an industry standard for valuing and projecting assets and liabilities and assessing risk and capital positions. Moody's purchased Barrie & Hibbert for GBP 50 million (USD $77.6 million), and the acquisition was funded from cash on hand. Reflecting the unfavorable impact of purchase accounting and integration costs, the transaction is expected to be several cents dilutive to Moody's GAAP earnings per share in 2012.