International Sector Classification (RISC) System Utilizes Six Times As Many Sectors As Industry Standard

New York, March 17, 2008 – Revere Data LLC, a fast-growing industry leader in financial services information and technology, announced today the introduction of the Revere International Sector Classification (RISC™) system. Unlike systems traditionally used in the investment community, RISC™ organizes publicly-traded companies from around the globe into the most detailed and comprehensive sector and subsectors groupings available. At launch, there are over 10,000 companies included in RISC™. The system is a global extension of the Revere Hierarchy™, an unparalleled patented product-based classification system that maps companies by the products and services they sell. 

Revere Data CEO Kevin O’Brien comments, “RISC is a significant step forward because it allows investors and other professionals to go deep inside of companies to uncover linkages between companies and sectors based on both the focus of their business as well as their ancillary business lines. This new level of visibility enables our clients to search for hard-to-find investment opportunities and to mitigate risk.”

Specifically, RISC™ classifies all companies traded on the three major US exchanges, London, Toronto, Hong Kong, Shanghai, and Shenzhen stock markets into approximately 1,200 industries, sectors, and subsectors. Competing systems routinely group publicly traded companies into less than 200 sectors and subsectors. Revere’s classification system is based on a time-tested research methodology that identifies the specific subsectors from which a company derives revenues. For example, traditional systems treat all semiconductor companies the same, while RISC™ separates and classifies semiconductor companies in up to 20 highly-specific subgroups, and highlights those companies deriving a majority of their sales from that particular subgroup.

“Traders; portfolio managers; sales and trading professionals; and risk management executives are turning to Revere for more sophisticated tools to fully understand the connections among their holdings, generate returns, and understand their risks.” added Mr. O’Brien. “They tell us they need these tools to remain competitive in today’s increasingly complex, challenging, and interrelated markets.”

Both RISC and the Revere Hierarchy are available as datafeeds as well as through Revere’s web-based software applications. Revere’s customers include some of the world’s leading global financial institutions, asset management firms, fund sponsors, corporations, and media outlets.

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™ and Revere Relationships™ deliver a more precise and deeper view of the market for thousands of publicly traded companies in the US, Canada, China, and the UK. Revere offers a comprehensive suite of data, online research, and index services for the investment community. For more information, please visit www.reveredata.com.

CONTACTS:

Bill Mendel
Mendel Communications
(212) 397-1030
bill@mendelcommunications.com