Getting some business intelligence is a capital idea. Capital IQ provides business research and analysis covering some 60,000 public companies and more than 2.2 million private firms through its Web-based Capital IQ Platform. Its data includes financial information, executive contacts and profiles, merger and acquisition activity, and research reports. In addition, the company provides data feeds and software applications to help its customers organize and sift through the data. All total, Capital IQ serves more than 3,400 clients, including investment banks, investment management firms, private equity firms, universities, consultants, and corporations. Capital IQ is a part of The McGraw-Hill Companies .
Capital IQ has adopted a strategy of growth through acquisitions. In 2010 it purchased the research and estimates business of TheMarkets.com, a provider of equity and fixed income research, earnings models, and estimates to institutional investment management firms. The acquisition added real-time research and estimates, as well as financial data and analytics capabilities, to Capital IQ's offerings. McGraw-Hill made the deal to better compete against the key players in the financial data and analytics space, including market leaders Thomson Reuters and Bloomberg.
The business has also been growing its portfolio of clients. In 2010 Capital IQ's client list increased more than 15% from the prior year. The business also helped with overall subscription revenue at McGraw-Hill Financial, the newly-created McGraw-Hill unit that houses Capital IQ. In 2010 subscription revenue increased more than 5% compared to 2009.
Capital IQ was founded in 1999. It was acquired by credit ratings provider Standard & Poor's (also known as S&P, a division McGraw-Hill) in 2004 for $200 million. In 2010 Capital IQ left the umbrella of S&P to join McGraw Hill's newly-created financial division, McGraw Hill Financial. (In addition to Capital IQ, the unit also includes S&P Indices and Valuations & Risk Strategies services.)
In 2011 the parent company announced another major reorganization; it plans to split in two companies: McGraw-Hill Education and McGraw-Hill Markets. Capital IQ will remain with the company's assets that are focused on capital and commodity markets, McGraw-Hill Markets. It made the deal to increase shareholder value and separate the two disparate businesses. – less