SNL Financial Acquires New Office Building in India

Rapid growth of India professional staff demands larger space

Charlottesville, VA -- SNL Financial, the premier provider of multi-sector-focused news, data and analysis in the financial information marketplace, has announced the purchase of a newly-constructed, 32,000-sq. ft. office building in Ahmedabad, India. This space will serve as the new headquarters for SNL Financial (India) Pvt. Ltd. (“SNL India”), a wholly-owned subsidiary of SNL Financial LC.

Since beginning operations in India in 2003, SNL’s Ahmedabad staff has already occupied two separate offices, rapidly expanding to its current count of 150 employees. SNL India provides support to 11 different SNL departments in the U.S., including industry accounting, news, research, marketing, customer service and product development.   The new facility has room to accommodate up to 375 employees in any single work shift.

“SNL India has made a major contribution to SNL Financial’s continued growth and success over the past three years,” said Reid Nagle, SNL Chairman and Founder. “The efforts of our professional staff there have helped strengthen SNL’s long-standing reputation for accuracy, quality and timeliness in the market. As a result, we’re very pleased to provide our employees in Ahmedabad with a state-of-the art office facility and working environment.”

SNL India expects to have all staff moved into the new building by August.

SNL has two other locations outside the United States.  A rapidly growing office in Islamabad, Pakistan, currently with 50 employees, provides professional support services similar to those provided by the Ahmedabad office.  And SNL’s London office provides sales and support of SNL products to the Western European investment community.

Dennis Rooker, of Dennis S. Rooker, PC in Charlottesville, Virginia, oversaw all aspects of negotiation and legal settlement for this transaction.

About SNL Financial

SNL collects, standardizes and disseminates all relevant corporate, financial, market, and M&A data — plus news and analysis — for the Banking, Financial Services, Insurance, Real Estate, Energy and Media & Communications industries. For more information, visit www.SNL.com.