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Moody's and Team8 Announce Investment in VisibleRisk as It Launches Cyber Rating

Moody s and Team8 Announce Investment in VisibleRisk as It Launches Cyber Rating
Friday, May 14, 2021 1:32PM IST (8:02AM GMT)

New York, United States:

Moody’s Corporation (NYSE:MCO) and Team8, a global venture group, today announced the completion of a $25 million investment in VisibleRisk, a joint venture established by the two companies in 2019 to evaluate enterprise cyber risk. Additionally, VisibleRisk today announced the launch of a Cyber Rating product, building on the collaboration between Moody’s and Team8 to develop a global standard for assessing corporate cyber risk.

“Moody’s investment in VisibleRisk aligns with our global integrated risk assessment strategy and focus on cyber security as an important element of understanding and managing enterprise risk,” said David Platt, Chief Strategy Officer at Moody’s. “We are pleased to deepen our relationship with V ....

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Moody's to Acquire Cortera, a Leader in Credit Data and Insights

NEW YORK–(BUSINESS WIRE)–Moody’s Corporation (NYSE:MCO) announced today that it has entered into a definitive agreement to acquire Cortera, a leading provider of North American credit data and workflow solutions. The acquisition enhances Moody’s integrated risk assessment capabilities and significantly extends coverage in the small and medium enterprise (SME) segment.
Cortera maintains one of the most comprehensive databases of credit information, featuring data and analytics on over 36 million companies. Cortera gathers data from thousands of sources, which it then enhances through artificial intelligence, and provides analytics, reports and monitoring services to help businesses make informed decisions about their counterparties. ....

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