Moody's Acquires Lewtan Technologies; Terms Undisclosed - Quick Facts

(RTTNews) - Moody's Corp. (MCO) announced that it has acquired Lewtan Technologies, a provider of analytical tools and data for the global structured finance market. The terms of the transaction were not disclosed.

Based in Waltham, Massachusetts, Lewtan provides solutions to issuers, investors, underwriters and others to administer, monitor and value securitized transactions. Its products cover more than 200,000 bonds and 20,000 securitized deals, serving over 300 financial institutions worldwide.

Lewtan will become part of Moody's Analytics' Structured Analytics and Valuations (SAV) business, which provides an extensive data and analytics library for securitized assets. SAV operates within Moody's Research, Data and Analytics (RD&A) line of business.

The acquisition is expected to have a minimal impact on Moody's earnings per share in 2014 and 2015, and will be funded primarily from US cash on hand. For its fiscal year ending September 30, 2014, Lewtan generated annual revenue of approximately $25 million.