NEW YORK--(BUSINESS WIRE)--
Moody’s Corporation (NYSE:MCO) announced today that it has made a
strategic, minority investment in SecurityScorecard, a leading provider
of cybersecurity ratings. SecurityScorecard recently announced it has
completed a $27.5 million Series C funding round, led by Nokia Growth
Partners, with participation from AXA Strategic Ventures, Intel Capital
and existing investors including Sequoia, Google Ventures (GV),
Boldstart Ventures, and Evolution Equity Partners.
SecurityScorecard's innovative, proprietary cyber risk ratings, data and
analytics are widely used by information security, risk management,
supply chain, and compliance practitioners to assess and monitor their
security posture and secure their partner and vendor ecosystem.
Thousands of organizations utilize SecurityScorecard as part of their
cybersecurity risk assessment process.
The investment was funded through U.S. cash and will not have a material
impact on Moody’s 2017 financial results.
To learn more about SecurityScorecard, please visit www.securityscorecard.com.
“Safe Harbor” Statement under the Private
Securities Litigation Reform Act of 1995
Certain statements contained in this release are forward-looking
statements and are based on future expectations, plans and prospects for
Moody’s business and operations that involve a number of risks and
uncertainties. The forward-looking statements in this release are made
as of the date hereof, and Moody’s disclaims any duty to supplement,
update or revise such statements on a going-forward basis, whether as a
result of subsequent developments, changed expectations or otherwise. In
connection with the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995, Moody’s is identifying certain factors
that could cause actual results to differ, perhaps materially, from
those indicated by these forward-looking statements. Those factors,
risks and uncertainties include, but are not limited to, world-wide
credit market disruptions or an economic slowdown, which could affect
the volume of debt and other securities issued in domestic and/or global
capital markets; other matters that could affect the volume of debt and
other securities issued in domestic and/or global capital markets,
including regulation, credit quality concerns, changes in interest rates
and other volatility in the financial markets such as that due to the
U.K.’s referendum vote whereby the U.K. citizens voted to withdraw from
the EU; the level of merger and acquisition activity in the U.S. and
abroad; the uncertain effectiveness and possible collateral consequences
of U.S. and foreign government actions affecting world-wide credit
markets, international trade and economic policy; concerns in the
marketplace affecting our credibility or otherwise affecting market
perceptions of the integrity or utility of independent credit agency
ratings; the introduction of competing products or technologies by other
companies; pricing pressure from competitors and/or customers; the level
of success of new product development and global expansion; the impact
of regulation as an NRSRO, the potential for new U.S., state and local
legislation and regulations, including provisions in the Financial
Reform Act and regulations resulting from that Act; the potential for
increased competition and regulation in the EU and other foreign
jurisdictions; exposure to litigation related to our rating opinions, as
well as any other litigation, government and regulatory proceedings,
investigations and inquires to which the Company may be subject from
time to time; provisions in the Financial Reform Act legislation
modifying the pleading standards, and EU regulations modifying the
liability standards, applicable to credit rating agencies in a manner
adverse to credit rating agencies; provisions of EU regulations imposing
additional procedural and substantive requirements on the pricing of
services; the possible loss of key employees; failures or malfunctions
of our operations and infrastructure; any vulnerabilities to cyber
threats or other cybersecurity concerns; the outcome of any review by
controlling tax authorities of the Company’s global tax planning
initiatives; exposure to potential criminal sanctions or civil remedies
if the Company fails to comply with foreign and U.S. laws and
regulations that are applicable in the jurisdictions in which the
Company operates, including sanctions laws, anti-corruption laws, and
local laws prohibiting corrupt payments to government officials; the
impact of mergers, acquisitions or other business combinations and the
ability of the Company to successfully integrate acquired businesses;
currency and foreign exchange volatility; the level of future cash
flows; the levels of capital investments; and a decline in the demand
for credit risk management tools by financial institutions. These
factors, risks and uncertainties as well as other risks and
uncertainties that could cause Moody’s actual results to differ
materially from those contemplated, expressed, projected, anticipated or
implied in the forward-looking statements are described in greater
detail under “Risk Factors” in Part I, Item 1A of the Company’s annual
report on Form 10-K for the year ended December 31, 2016, and in other
filings made by the Company from time to time with the SEC or in
materials incorporated herein or therein. Stockholders and investors are
cautioned that the occurrence of any of these factors, risks and
uncertainties may cause the Company’s actual results to differ
materially from those contemplated, expressed, projected, anticipated or
implied in the forward-looking statements, which could have a material
and adverse effect on the Company’s business, results of operations and
financial condition. New factors may emerge from time to time, and it is
not possible for the Company to predict new factors, nor can the Company
assess the potential effect of any new factors on it.
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 offers leading-edge software,
advisory services and research for credit and economic analysis and
financial risk management. The corporation, which reported revenue
of $3.6 billion in 2016, employs approximately 11,500 people worldwide
and maintains a presence in 41 countries. Further information is
available at www.moodys.com.
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Source: Moody’s Corporation Investor Relations