Moody's Sells KPO Business MAKS to Equity Firm

Credit ratings and financial data firm Moody's Corporation has agreed to sell its Moody's Analytics' Knowledge Services (MAKS) business to Equistone Partners Europe Limited, a European private equity firm.

Parent firm Moody's corporation reported revenue of $4.4 billion in 2018, employs approximately 13,200 people worldwide and maintains a presence in 42 countries. The MAKS division provides knowledge process outsourcing (KPO) services, including research and analytical support to financial services organizations worldwide, with more than 2,500 subject matter experts working through delivery centers in India, Costa Rica, Sri Lanka and China.

The transaction is expected to close later this year, subject to customary closing conditions. Mark Almeida (pictured), President of Moody's Analytics comments: 'We are confident that Equistone will be a strong partner for the MAKS business and its customers. Equistone provides a platform to support the growth of the business and its continued evolution as a technology-enabled provider of high-quality, cost effective services to global enterprises'.

Web site: www.maknowledgeservices.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.