S&P Capital IQ
(S&P Capital IQ)
|Headquarters||New York City, United States|
|Services||Quantitative research and financial analysis solutions|
|Revenue||Approx. US$1 billion (2011)|
|Operating income||US$56 million (2013)|
|Net income||US$288 million (2013)|
|Parent||McGraw Hill Financial|
S&P Capital IQ was formed in 2010 from offerings previously provided by Capital IQ, elements of S&P including Global Credit Portal and MarketScope Advisor, enterprise solutions such as S&P Securities Evaluations and Compustat, research offerings including Leveraged Commentary & Data, Global Markets Intelligence, and company and fund research.
Capital IQ was founded in 1999 by Neal Goldman, Steve Turner and Randall Winn. They sold the business to McGraw Hill in 2004 and Randall Winn served as the CEO/Executive Managing Director of Capital IQ, Inc., operating the business as a relatively standalone subsidiary until April 1, 2011. At that point, Winn left and the company and its various functions were fully merged with other parts of S&P to become part of McGraw-Hill Financial.
Capital IQ grew very rapidly to become one of the leading providers of software, data and analytics to the financial services community. In 2002 Capital IQ announced its 100th customer; in 2011, CIQ press releases described having more than 4,500 customers and more than 5,000 employees.
Capital IQ grew organically and through acquisition. Reported acquisitions included: SimplyStocks (an Indian fundamental data provider), Heale Financial (a provider of international ownership data), ClariFI (a provider of software and services to quantitative portfolio managers) and TheMarkets.com (a provider of aggregated research solutions). On Feb. 9, 2012, S&P Capital IQ announced it has acquired R2 Financial Technologies, a leading provider of advanced risk and scenario-based analytics to traders, portfolio and risk managers for pricing, hedging and capital management across asset classes. Terms of the deal were not disclosed. On 3 April 2012, S&P Capital IQ acquired the privately owned QuantHouse to provide McGraw Hill Financial tools in the realtime space as the group tries to accelerate growth in the financial services business, which competes with Bloomberg, Thomson Reuters and Factset. Terms of the deal were not disclosed. QuantHouse will provide end-to-end systematic low-latency market data solutions and offers real-time monitors, derived data sets and analytics as well as the ability to package and resell this data as part of a core solution for S&P Capital IQ. On 29 June, 2012, S&P Capital IQ acquired Credit Market Analysis Limited (CMA) from the CME group. CMA provides independent data concerning the over-the-counter markets. CMa’s data and technology will enhance S&P Capital IQ's capability to provide pricing and related over-the-counter information.
S&P Capital IQ provides web-based information services that combine information on companies worldwide along with a variety of software applications that allow financial professionals to analyze company fundamentals, build financial models, screen for investment ideas, and execute other financial research tasks. Capital IQ serves more than 4,200 clients, including investment banks, investment management firms, private equity firms, universities, consultants, and corporations. Its competitors include Thomson Reuters, Bloomberg L.P. and FactSet Research Systems. Components of Capital IQ’s offering include data on public companies, private companies, auditable company financials, M&A/financing transactions, public offerings, corporate executives and board directors, compensation, news, filings, screening tools, chart builder, Excel Plug-In modeling tool, real-time market data and news, relationship tree, macroeconomic data, industry analyses and investment research.