By Dipo Olowookere
The acquisition of Omega Performance, a leading provider of online credit training, by Moody’s Corporation has now been finalised.
Recall that on July 8, 2018, Moody’s announced its intention to acquire Omega Performance, a business unit of TwentyEighty Inc.
Omega Performance offers a wide range of online credit training courses to clients worldwide and serves more than 300 customers, ranging from large global banks to local lending institutions.
A statement issued by Moody’s explained that the acquisition of Omega Performance will enhance Moody’s Analytics as a worldwide market standard in credit proficiency for financial institutions that offer consumer, small business and corporate lending.
Moody’s stated in the statement that the acquisition of Omega Performance is not expected to have a material impact on its 2018 financial results.
Moody’s is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. It is the parent company of Moody’s Investors Service, which provides credit ratings and research covering debt instruments and securities, and Moody’s Analytics, which offers leading-edge software, advisory services and research for credit and economic analysis and financial risk management.
The corporation, which reported revenue of $4.2 billion in 2017, employs approximately 12,300 people worldwide and maintains a presence in 42 countries.
Adedapo Adesanya