NEW YORK--(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