NEW YORK, Dec 18, 2008 (BUSINESS WIRE) --
Moody's Analytics, a unit of Moody's Corporation (NYSE:MCO), announced today that it has acquired Enb Consulting Limited, a UK-based provider of training services for the financial markets, including technical and soft-skills programs for banking and capital markets professionals. Enb will be integrated into Moody's Analytics Training Services, creating a leading provider of comprehensive financial risk training with a global presence. The terms of the transaction are not being disclosed.
"Ongoing turmoil in financial markets presents many organizations with an increased need for enhanced business and financial skills against a backdrop of diminishing resources," said Ralf Wimmershoff, Managing Director and global head of the training practice at Moody's Analytics. "The combination of Enb and Moody's Analytics Training Services creates a formidable training partner for our clients by means of a holistic offering for customers worldwide."
Enb's founders -- Bruno Curnier, Harald Haugli, and Agne Nilsson -- will assume senior management roles and will lead Moody's Analytics Training Services operations in Europe and Asia.
"We are excited about the prospect of integrating our expertise in financial services career skills with Moody's focus on credit risk. This helps us to better meet the needs of our clients by offering a complete range of integrated training solutions from a single, global supplier," commented Harald Haugli, co-founder of Enb Consulting.
Founded in 2000, Enb Consulting provides a diverse range of financial markets training and career-enhancing services offered by financial professionals with long experience as trainers. Its clients include many of the leading financial institutions in Europe and Asia. The company is headquartered in Surrey, England, with operations in London, Hong Kong and Singapore.
Moody's Analytics Training Services has been designing and delivering multi-faceted continuing education on credit risk topics for nearly 30 years. The combined Enb and Moody's Analytics training organization comprises a network of more than fifty experienced instructors and consultants who deliver a range of training services including bespoke programs at customer locations and open enrollment seminars in major financial centers, e-learning, workbooks, and blended solutions. The purchase of Enb is part of Moody's continued expansion of its training business, building on the acquisition of Financial Projections Ltd. in January 2008.
About Moody's Corporation
Moody's is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody's Corporation (NYSE: MCO) is the parent company of Moody's Investors Service, which provides credit ratings and research covering debt instruments and securities, and Moody's Analytics, which develops a wide range of products and services that support the risk management activities of institutional participants in global financial markets. Moody's Corporation, which reported revenue of $2.3 billion in 2007, employs approximately 3,600 people worldwide and maintains a presence in 29 countries. Further information is available at www.moodys.com.
SOURCE: Moody's Corporation
Anthony Mirenda, 212-553-1316
Senior Vice President
Liz Zale, 212-553-1633
Copyright Business Wire 2008
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