Institutional Shareholder Services Completes Acquisition of Discovery Data

Institutional Shareholder Services Inc. (ISS), a leading provider of corporate governance and responsible investment solutions, market intelligence, fund services, and events and editorial content for institutional investors and corporations, announced on Thursday the completion of the acquisition of Discovery Data Holdings, Inc. (Discovery Data), the holding company which owns Discovery Data, Inc., a globally recognized and trusted provider of data and analytics to the financial services industry.

This follows ISS entering into definitive agreement ​to acquire Discovery Data at the beginning of November.

Earlier this year, Discovery Data announced a series of new capabilities, including diversity and inclusion data, behavioral intent models, MarketSage (the complete visualization suite to capture market trends), an interactive data visualization platform, expanded API options, and partnerships with leading cloud data providers – all of which serves to differentiate Discovery Data's breadth of intelligence solutions.

Discovery Data will become part of ISS' Market Intelligence (ISS MI) business unit and continue to focus on the expansion of its product suite and client engagement. ISS MI provides critical data, insight, and workflow solutions to global asset managers, insurance companies and distributors.

"The response to this acquisition, from our respective organizations' clients, stakeholders across the industry, and our own highly talented teams, has been extremely positive," said Ben Doob, Head of ISS MI. "With the acquisition complete, we are excited to now welcome the Discovery Data team and client base to ISS MI, and collectively we will be focused in the new year on accelerating the delivery of increasingly powerful products, services, and support."