S&P's Irevna Cements Leadership in High-End Analytical Outsourcing With Acquisition of Pipal Research

MUMBAI, India, Sept. 22 /PRNewswire/ -- Standard & Poor's announced today that Irevna, a division of Standard & Poor's subsidiary, CRISIL, will be expanding its capabilities through the acquisition of Pipal Research Corporation, a leading analytical outsourcing company. The acquisition further cements Irevna's leadership position as a global provider of high-end research and analytical off-shoring services.

Irevna provides research and analytical services spanning equity research, credit research, derivatives support, quantitative research, risk management, commodities research, actuarial services and foreign exchange research. The firm has been consistently ranked the number one financial services and investment outsourcing firm by Datamonitor Black Book of Outsourcing.  Providing services from Chennai, Mumbai, Buenos Aires and Wroclaw (Poland), Irevna is also setting up a research center in China.

"We are delighted to acquire a business that expands our portfolio as the Irevna-Pipal combination uniquely positions us in the high-end analytical off-shoring space while further diversifying our range of services, geographic locations and customers," said Roopa Kudva, Managing Director of Standard & Poor's South Asia and CEO of CRISIL.  "Pipal's strengths in business research and data analytics for global telecommunications, technology, consumer goods and industrial firms complement Irevna's strengths in the financial services sector."

The acquisition marks a milestone in Standard & Poor's continued growth over the past 30-plus years in Asia-Pacific.  S&P has built a strong presence in all key markets in the region and has strengthened coverage and reach through domestic alliances and regional projects. In recent years, demand from global companies for high-end analysis and research has grown with outsourcing becoming an increasing part of the mix. "Asia plays an important role in providing off-shoring services to global companies and we are pleased that Irevna continues to expand its fast-growing analytical and research services," said Tom Schiller, Executive Managing Director and Head of Standard & Poor's Asia-Pacific.

For further information, please refer to Irevna's press release at http://www.irevna.com or http://www.crisil.com.

About Irevna (www.irevna.com)

Irevna is a leading high-end research and analytical services provider for investment banks, insurance companies, asset management firms and other financial institutions.  The firm has been consistently ranked the number one financial services and investment outsourcing firm by Datamonitor Black Book of Outsourcing. Irevna provides its services from Chennai, Mumbai,  Buenos Aires, and Wroclaw (Poland).

About CRISIL Limited, a Standard & Poor's company (www.crisil.com)

CRISIL is India's leading Ratings, Research, Risk and Policy Advisory Company. CRISIL's majority shareholder is Standard & Poor's. CRISIL offers domestic and international customers a unique combination of local insights and global perspectives, delivering independent information, opinions and solutions that help them make better informed business and investment decisions, improve the efficiency of markets and market participants, and help shape infrastructure policy and projects. Our integrated range of capabilities includes credit ratings and risk assessment; research on India's economy, industries and companies; investment research outsourcing; fund services; risk management and infrastructure advisory services.

About Standard & Poor's

Standard & Poor's, a subsidiary of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With offices in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for 150 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.

Ratings may not be compiled into a database or systematically distributed or shared for commercial purposes in a manner that substitutes for a paid Standard & Poor's service.

Regulatory Affairs and Disclaimers l Privacy Notice l Terms of Use

Copyright © 2010 by Standard & Poor's Financial Services LLC (S&P) a subsidiary of The McGraw-Hill Companies, Inc. All rights reserved.

No content (including ratings, credit-related analyses and data, model, software or other application or output therefrom) or any part thereof (Content) may be modified, reverse engineered, reproduced or distributed in any form by any means, or stored in a database or retrieval system, without the prior written permission of S&P. The Content shall not be used for any unlawful or unauthorized purposes. S&P, its affiliates, and any third-party providers, as well as their directors, officers, shareholders, employees or agents (collectively S&P Parties) do not guarantee the accuracy, completeness, timeliness or availability of the Content. S&P Parties are not responsible for any errors or omissions, regardless of the cause, for the results obtained from the use of the Content, or for the security or maintenance of any data input by the user. The Content is provided on an "as is" basis. S&P PARTIES DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, FREEDOM FROM BUGS, SOFTWARE ERRORS OR DEFECTS, THAT THE CONTENT'S FUNCTIONING WILL BE UNINTERRUPTED OR THAT THE CONTENT WILL OPERATE WITH ANY SOFTWARE OR HARDWARE CONFIGURATION. In no event shall S&P Parties be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs) in connection with any use of the Content even if advised of the possibility of such damages.

Credit-related analyses, including ratings, and statements in the Content are statements of opinion as of the date they are expressed and not statements of fact or recommendations to purchase, hold, or sell any securities or to make any investment decisions. S&P assumes no obligation to update the Content following publication in any form or format. The Content should not be relied on and is not a substitute for the skill, judgment and experience of the user, its management, employees, advisors and/or clients when making investment and other business decisions. S&P's opinions and analyses do not address the suitability of any security. S&P does not act as a fiduciary or an investment advisor. While S&P has obtained information from sources it believes to be reliable, S&P does not perform an audit and undertakes no duty of due diligence or independent verification of any information it receives.

S&P keeps certain activities of its business units separate from each other in order to preserve the independence and objectivity of their respective activities. As a result, certain business units of S&P may have information that is not available to other S&P business units. S&P has established policies and procedures to maintain the confidentiality of certain non-public information received in connection with each analytical process.

S&P may receive compensation for its ratings and certain credit-related analyses, normally from issuers or underwriters of securities or from obligors. S&P reserves the right to disseminate its opinions and analyses. S&P's public ratings and analyses are made available on its Web sites, www.standardandpoors.com (free of charge), and www.ratingsdirect.com and www.globalcreditportal.com (subscription), and may be distributed through other means, including via S&P publications and third-party redistributors. Additional information about our ratings fees is available at www.standardandpoors.com/usratingsfees.

If you do not wish to receive any more promotional e-mails from Standard & Poor's, please click here to unsubscribe.

This message has been sent to you by Standard & Poor's, because you subscribe to one or more of our media lists..

SOURCE Standard & Poor's

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED