Morningstar Acquires ByAllAccounts, Inc. - Quick Facts

(RTTNews) - Morningstar, Inc. (MORN) announced that it acquired ByAllAccounts, Inc., a provider of innovative data aggregation technology for financial applications. Morningstar acquired ByAllAccounts for $28 million, subject to working capital adjustments.

Commenting on ByAllAccounts, the company said it uses a knowledge-based process, including patented artificial intelligence technology, to collect, consolidate, and enrich financial account data and deliver it to virtually any platform.

ByAllAccounts has about 60 employees based primarily in Massachusetts. James Carney, president and CEO, will continue to lead the business, Morningstar said.