updated 11/23/2010 11:16:37 AM ET 2010-11-23T16:16:37

NEW YORK, Nov. 23, 2010 (GLOBE NEWSWIRE) -- Revere Data, LLC, a leading provider of financial information services, announced today the launch of Revere Hierarchy Analytics™, a new web-based plug-and-play analytics tool that optimizes sector-by-sector details of companies and classifies them into multiple levels, thereby making them more easily accessible to investors who rely on quantitative trading, seek alpha generation and optimization, and focus on risk management. This new product significantly enhances the flexibility and power of Revere's patented classification system, Revere Hierarchy™. Revere Hierarchy Analytics™ is a tool that streamlines the intake, implementation and application of Revere Hierarchy™ into customizable investment strategies and workflows. It provides a fast and easy way for investors to more precisely filter the level of relevant detail they seek when adjusting portfolios and making their investment and risk management decisions.

As the world's premier industry classification system that tracks how companies generate revenues through their principal and ancillary lines of businesses, the Revere Hierarchy™ provides investors with unparalleled depth and superior visibility into a broad set of sectors and subsectors that group companies together based on the goods and services they sell. This classification system was built from the bottom up, through extensive research that starts with an in-depth understanding of each individual company's products and services. The Revere Hierarchy™ delivers a variable-depth classification structure with eight or more levels of granularity and contains more than 1,100 industry groups and 10,000 sectors—more than nine times the number of sectors covered by other classification systems.

"Investors continue to seek effective ways to identify new opportunities and spot risks to their portfolios. We designed Revere Hierarchy Analytics™ to put the power of what our data does directly into the hands of users through an intuitive, easy-to-use analytic package," said Kevin O'Brien, CEO of Revere Data. "The Revere Hierarchy provides tremendous flexibility and power in its depth, while Revere Hierarchy Analytics™ simplifies the process of comparing companies within our unrivaled database of industry groups and sectors."

A primary task of any industry classification system is to find the balance between grouping similar firms and separating them by industry. Revere Hierarchy Analytics™ users can simply upload their stock portfolio into this web-based service, and the system quickly returns relevant sector groupings of their portfolio to the level prescribed by the user. When unforeseen events occur in the market, this level of sector specificity provides users with an edge in immediately identifying impacted companies within their portfolios. 

"We've spent 10 years developing this unique classification system, and we continuously monitor industry dynamics to ensure our structural relevance remains on the cutting edge," added Mr. O'Brien. "We aim to help our clients achieve superior risk-adjusted returns versus what conventional classification systems can deliver, while also providing them with additional tools to fine tune their portfolios."

For a one-on-one presentation of the Revere Hierarchy Analytics™ system, including test results versus major industry classification systems, a copy of the Revere Hierarchy Analytics™ whitepaper, or a demonstration of the service, please contact sales@reveredata.com.

About Revere

Revere Data, LLC, is a leading provider of financial information services that gives investors a better understanding of the cornerstone of all great companies: the products and services they sell. Revere goes deep inside companies to search, discover and classify their products and services, their focused lines of business, their key business relationships and their sources of revenue by geography. Products such as Revere Hierarchy™, Revere Relationships™, RISC™ and Revere Relationships Analytics™ deliver a more precise and deeper view of the market for thousands of publicly traded companies in the U.S., Canada, Europe, Latin America and China. Revere offers a comprehensive suite of data, analytics and index services for the investment community. For more information, visit www.reveredata.com.

Revere Data is headquartered in San Francisco with offices in New York, Washington, D.C. and Youngstown, Ohio.

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