PitchBook and Morningstar Announce Extensive Public Company Data Integration

SEATTLE and NEW YORK and LONDON, Dec. 5, 2017 /PRNewswire/ -- PitchBook, the premier data provider for the private and public markets, today unveiled several public data enhancements within the PitchBook Platform, consisting of Morningstar, Inc.'s (NASDAQ: MORN) enhanced public fundamentals and equity research reports, as well as consensus estimates. The new public data sets and reports, combined with PitchBook's best-in-class private market data, offer seamless access to cross-market insights, allowing professionals to better capitalize on opportunities across the private markets by making more informed investment and business decisions.

"This integration is a part of the natural progression of how Morningstar and PitchBook are working together to offer users a more complete view into private market trends by bridging relevant data sets. By coupling our public equity data with PitchBook's market-leading private market insights, users get a more holistic look into a company, industry, or vertical to better inform their decisions," said Frannie Besztery, CFA, head of data at Morningstar. "This is a shining example of how the acquisition is providing considerable benefits to PitchBook customers and is helping to strengthen both PitchBook and Morningstar's data and technology offerings to all investors."

The data integration comes on the heels of the one-year anniversary of Morningstar's acquisition of PitchBook in December 2016. This integration is the first in a series of public equity data rollouts within the PitchBook Platform.

"Our customers are seeking the best data and insights to drive fully informed data-driven investment and business decisions. This integration with Morningstar makes the PitchBook Platform an even more valuable tool," said Fabrice Forget, chief product officer at PitchBook. "This rollout signifies the hard work and strong collaboration between the Morningstar and PitchBook teams over the last year to integrate our data and analysis. As we continue to grow together, we have a tremendous opportunity to couple our private and public market knowledge to create the best insights and reports for the global private market community."

The following public equity data sets are now available in the PitchBook Platform:

    --  Morningstar's Public Company Fundamentals: Detailed coverage of up to
        900 new financial data points and 170 calculations for more than 44,000
        publicly traded companies worldwide, gives PitchBook Platform users the
        ability to quickly access, analyze, and compare detailed public company
        financial information. As a result, 300 percent more data is available
        in PitchBook Desktop, in addition to PitchBook Mobile and the PitchBook
        Excel plugin, ensuring users have access across every preferred method
        for viewing and analyzing market insights.
    --  Morningstar Equity Research Reports: In-depth analysis conducted by
        Morningstar equity analysts into the investment potential and
        competitive advantages of more than 1,500 public companies. These
        reports are differentiated by a focus on companies' sustainable
        competitive advantages, or Economic Moats -the cornerstone of
        Morningstar's equity research methodology - while also providing an
        independent and unbiased perspective.

Through Morningstar's new and enhanced equity data capabilities, users can make better comparisons across industries, markets and accounting standards, with uniformly presented financial statement data and industry-oriented displays for banking, insurance and investment firms. In addition to this Morningstar integration, the PitchBook Platform offers consensus estimates for EPS, cash flow and revenue for public companies, allowing users to compare estimated growth rates across similar organizations or portfolios. Users can also access up to eight levels of data from financial statements with PitchBook's financial tree structure to determine a company's fiscal health.

More information on PitchBook's Morningstar public data enhancements is available here.

About PitchBook
PitchBook is a financial data and software company that provides transparency into the capital markets to help professionals discover and execute opportunities with confidence and efficiency. PitchBook collects and analyzes detailed data on the entire venture capital, private equity and M&A landscape--including public and private companies, investors, funds, investments, exits and people. The company's data and analysis are available through the PitchBook Platform, industry news and in-depth reports. Founded in 2007, PitchBook has offices in Seattle, New York and London and serves more than 13,000 professionals around the world. In 2016, Morningstar, Inc. acquired PitchBook, which now operates as an independent subsidiary.

About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, retirement plan providers and sponsors, and institutional investors in the private capital markets. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $220 billion in assets under advisement and management as of Sept. 30, 2017. The company has operations in 27 countries.

PitchBook Press Contacts
Bailey Fox and Nick McDonald
PR Managers
pr@pitchbook.com
+1 206.823.3022

Morningstar Press Contact
Mary Kenefake
Communications Specialist, Corporate Communications
mary.kenefake@morningstar.com
+1 312.348.3089

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SOURCE Morningstar, Inc.