NEW YORK, March 14, 2011 (GLOBE NEWSWIRE) -- Revere Data, LLC, a leading provider of financial information services, announced today the expansion of its Revere International Sector Classification (RISC™) platform to include in-depth coverage of the Middle East, Indonesia, Kazakhstan, Russia, and Turkey, mapping more than 1,700 publicly traded and private companies, including listings across 14 stock exchanges within these regions of rapid growth and transition. This additional coverage supplements the existing RISC™ platform, which includes companies trading on North American, European, South American and Chinese exchanges.
The expansion of the RISC™ coverage will give investors access to comprehensive material information on more than 15,000 business relationships involving customers, suppliers, competitors, and strategic partners throughout Russia and Indonesia as well as the Middle Eastern countries of Bahrain, Iran, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. In addition, Revere has identified operations, business relationships, and geographic exposure for more than 500 private Middle Eastern companies, including some of the region's largest state-owned enterprises and sovereign wealth funds. With Qatar and Kuwait ranking above the U.S. in GDP-per capita, the purchasing power of these populations is significant.
"We believe that by adding coverage of these rapidly transforming and growing regions, investors will gain a significant advantage in more fully understanding the linkages among companies involved in a given sector across nearly all publicly traded markets," said Kevin O'Brien, CEO of Revere Data.
The RISC™ platform enables investors to search companies by region and to identify specific industry and sector information in order to uncover how each is linked to one another and to the global economy.
"Traditionally, it has been difficult to research companies within these regions due to the varying disclosure standards and complex company ownership structures of each country," O'Brien said. "RISC™ makes it easier for investors by providing normalized information to allow them to make informed comparisons of international companies. RISC™ also captures key personnel and subsidiaries at selected companies globally."
For example, as a result of this enhancement, Revere now has identified 72 Offshore Contract Drilling companies – twice the number of companies previously identified in this sector, which includes public and private companies in these newly mapped countries.
RISC™ maps a company based on the focused sectors from which it derives most of its revenues, and also every industry sub-sector in which the company participates and its relationships to other companies globally. By using the same depth and standards Revere applied to mapping the sectors in the US, Canada, the UK and China among others, RISC™ provides unprecedented visibility in the competitive landscape and helps assess true portfolio risk consistently between markets. RISC™ is directly linked to and based on the patented Revere Hierarchy™, a product-based classification system that maps companies against over 16,000 product and service categories.
For more information as well as a demonstration of Revere products, please contact Global Client Solutions at gcs@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™ and RISC™ deliver a more precise and deeper view of the market for thousands of publicly traded companies in the US and around the world. Revere offers a comprehensive suite of data, analytics and index services for the investment community including Revere Hierarchy Analytics and Revere Relationships Analytics. 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.
CONTACT: MEDIA CONTACT: Sarah Troutt Mendel Communications (212) 397-1030 sarah@mendelcommunications.com SALES CONTACT: Stuart Bell Revere Data (212) 405-1361 sbell@reveredata.com