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Morningstar acquires business intelligence data provider from Rocaton Investment Advisors

Morningstar Inc.said March 31 that it acquired RequiSight LLC d/b/a RightPond, a provider of businessintelligence data and analytics on defined contribution and defined benefit plansfor financial services firms, from RocatonInvestment Advisors LLC.

Terms of the deal were not disclosed.

Morningstar will continue to offer RightPond as a stand-alonecapability until it is integrated into Morningstar Data and Morningstar Direct,the company's cloud-based investment analysis platform for institutions and advisers.The company will eventually rebrand RightPond under the Morningstar name.