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Weekly News Digest
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December 11, 2008 — In addition to this week's NewsBreaks article and the monthly NewsLink Spotlight, Information Today, Inc. (ITI) offers Weekly News Digests that feature recent product news and company announcements. Watch for additional coverage to appear in the next print issue of Information Today. For other up-to-the-minute news, check out ITI’s Twitter account: @ITINewsBreaks.
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Morningstar, Inc. Acquires 10KWizard
Morningstar, Inc. (http://corporate.morningstar.com), a provider of independent investment research, announced it has acquired 10KWizard (www.10kwizard.com), a provider of SEC EDGAR (Electronic Data Gathering, Analysis, and Retrieval) filing research and alert services, for $12.5 million subject to working capital adjustments. Morningstar says the acquisition of 10KWizard aligns with its goal of bringing greater transparency to equity investments. For 10KWizard, the acquisition means it will have access to an array of additional data and resources that will allow it to enhance its products for all of the market segments it serves.Founded in 1999, 10KWizard offers full-text searching capabilities for real-time and historical SEC EDGAR filings. Available via a subscription service or custom data feed, 10KWizard also provides global company profiles that contain hyperlinks to annual reports and peer companies as well as stock quotes, news, and charts. The full-text search capabilities allow users to research and track corporate information by ticker symbol, company name, industry type, SIC code, financial form type, or specific industry keywords contained within the filings themselves. Based in Dallas, Texas, 10KWizard has about 25 employees and currently has more than 30,000 licensed users across 1,400 firms. 10KWizard received the 2008 AIIP Technology Award in October (www.aiip.org). Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of internet, software, and print-based products and services for individuals, financial advisors, and institutions. Morningstar provides data on more than 290,000 investment offerings, including stocks, mutual funds, and similar vehicles. The company has operations in 18 countries and minority ownership positions in companies based in three other countries. Source: Morningstar, Inc.
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Brandi Scardilli
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