SNL Financial
Encyclopedia
SNL Financial LC is a financial information firm headquartered in Charlottesville, Virginia
Virginia
The Commonwealth of Virginia , is a U.S. state on the Atlantic Coast of the Southern United States. Virginia is nicknamed the "Old Dominion" and sometimes the "Mother of Presidents" after the eight U.S. presidents born there...

. SNL collects, standardizes and publishes corporate, financial, market and M&A data, plus news and analysis, on more than 4,000 public companies and over 50,000 private companies in these industries: Banking, Financial Services, Insurance, Real Estate, Energy and Media & Communications (also known as SNL Kagan).

SNL’s products include an online database with real-time news and analytical tools; investor relations Web site hosting; electronic newsletters; and printed data publications. SNL’s client base includes investment banks, investment managers, corporate executives, ratings agencies, government bodies, consulting firms and law firms who use SNL’s information for business intelligence and analysis.

History

SNL Financial was founded in 1987 in Hoboken, New Jersey by Reid Nagle, who is still the company’s chairman. SNL began coverage of the thrift industry that same year, then launched coverage of banks in 1989 when it moved to its current headquarters in Charlottesville, Virginia
Virginia
The Commonwealth of Virginia , is a U.S. state on the Atlantic Coast of the Southern United States. Virginia is nicknamed the "Old Dominion" and sometimes the "Mother of Presidents" after the eight U.S. presidents born there...

. In 1992, Inc. Magazine recognized SNL as one of America’s 500 fastest-growing private companies.

SNL added coverage of non-bank financial sectors in 1993; real estate in 1994; insurance in 1997; and energy in 2000. Also in 2000, Mike Chinn became company president after starting his SNL career in 1994.

In 2001, SNL launched SNL IR Solutions, its investor relations Web site hosting service. SNL acquired Y-Merge in 2002, headed by Will Pappas who subsequently joined SNL’s board and became Managing Director of Sales.

SNL started expanding its operations globally in 2003 by establishing an office in India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...

, followed by office openings in Pakistan
Pakistan
Pakistan , officially the Islamic Republic of Pakistan is a sovereign state in South Asia. It has a coastline along the Arabian Sea and the Gulf of Oman in the south and is bordered by Afghanistan and Iran in the west, India in the east and China in the far northeast. In the north, Tajikistan...

 (2005) and London (2007). In the U.S., SNL established an Arlington, Virginia
Virginia
The Commonwealth of Virginia , is a U.S. state on the Atlantic Coast of the Southern United States. Virginia is nicknamed the "Old Dominion" and sometimes the "Mother of Presidents" after the eight U.S. presidents born there...

 office in 2004 following its acquisition of Io Energy LLC
, followed by the opening of a Boston, Massachusetts
Massachusetts
The Commonwealth of Massachusetts is a state in the New England region of the northeastern United States of America. It is bordered by Rhode Island and Connecticut to the south, New York to the west, and Vermont and New Hampshire to the north; at its east lies the Atlantic Ocean. As of the 2010...

 office in 2008, a Boulder
Boulder, Colorado
Boulder is the county seat and most populous city of Boulder County and the 11th most populous city in the U.S. state of Colorado. Boulder is located at the base of the foothills of the Rocky Mountains at an elevation of...

, Colorado
Colorado
Colorado is a U.S. state that encompasses much of the Rocky Mountains as well as the northeastern portion of the Colorado Plateau and the western edge of the Great Plains...

 office in 2009 and a Richmond
Richmond, Virginia
Richmond is the capital of the Commonwealth of Virginia, in the United States. It is an independent city and not part of any county. Richmond is the center of the Richmond Metropolitan Statistical Area and the Greater Richmond area...

, Virginia
Virginia
The Commonwealth of Virginia , is a U.S. state on the Atlantic Coast of the Southern United States. Virginia is nicknamed the "Old Dominion" and sometimes the "Mother of Presidents" after the eight U.S. presidents born there...

 office in 2010.

After launching coverage of the media & communications sector in 2006, SNL acquiried Kagan Research, a long-time provider of proprietary analysis on the media industry, forming SNL Kagan with an accompanying office in Monterey, California
Monterey, California
The City of Monterey in Monterey County is located on Monterey Bay along the Pacific coast in Central California. Monterey lies at an elevation of 26 feet above sea level. As of the 2010 census, the city population was 27,810. Monterey is of historical importance because it was the capital of...

.
SNL expanded its information service outside of the U.S. in 2007 by including coverage of the public real estate market in Europe and the Asia-Pacific region.

In 2008, SNL added statutory insurance data to its product offering, and in 2011, the company launched European banking coverage.
On July 26, 2011, SNL Financial announced that New Mountain Capital
New Mountain Capital
New Mountain Capital is a firm dealing in private equity and growth capital investments across acyclical growth industries. The firm emphasizes growth and business building, rather than high risk or debt leverage, in its investments...

 had acquired a majority equity stake in the company
In August, SNL Financial was named for the fourth year running to Inc. Magazine's Inc. 5000 List, a ranking of the fastest growing private companies in the U.S. On September 28, 2011, SNL Financial acquired Highline Data from Summit Business Media. This transaction positioned SNL Insurance, a division of SNL, as the new standard for insurance information.
On November 17, 2011, SNL Financial acquired Datatrac's interest rate data products, further strengthening SNL's product for financial institutions.

Global Offices

SNL has 11 offices worldwide, with a current workforce of more than 1,600 employees.

Corporate headquarters are in Charlottesville, Virginia
Charlottesville, Virginia
Charlottesville is an independent city geographically surrounded by but separate from Albemarle County in the Commonwealth of Virginia, United States, and named after Charlotte of Mecklenburg-Strelitz, the queen consort of King George III of the United Kingdom.The official population estimate for...

. Other locations include:
  • New York, New York
  • Jersey City, New Jersey
    Jersey City, New Jersey
    Jersey City is the seat of Hudson County, New Jersey, United States.Part of the New York metropolitan area, Jersey City lies between the Hudson River and Upper New York Bay across from Lower Manhattan and the Hackensack River and Newark Bay...

  • Monterey, California
    Monterey, California
    The City of Monterey in Monterey County is located on Monterey Bay along the Pacific coast in Central California. Monterey lies at an elevation of 26 feet above sea level. As of the 2010 census, the city population was 27,810. Monterey is of historical importance because it was the capital of...

  • Arlington, Virginia
  • Richmond, Virginia
    Richmond, Virginia
    Richmond is the capital of the Commonwealth of Virginia, in the United States. It is an independent city and not part of any county. Richmond is the center of the Richmond Metropolitan Statistical Area and the Greater Richmond area...

  • Boston, Massachusetts
  • Boulder, Colorado
    Boulder, Colorado
    Boulder is the county seat and most populous city of Boulder County and the 11th most populous city in the U.S. state of Colorado. Boulder is located at the base of the foothills of the Rocky Mountains at an elevation of...

  • Islamabad, Pakistan
  • London, United Kingdom
  • Ahmedabad, India

Board of managers

SNL’s board of managers consists of:
  • Mike Chinn (President & CEO of SNL Financial)
  • Steven Klinsky (Managing Director, Founder & CEO of New Mountain Capital)
  • Matthew Lori (Managing Director of New Mountain Capital)
  • Peter Masucci (Managing Director of New Mountain Capital)
  • Reid Nagle (Founder of SNL Financial)
  • Brandt Sakakeeny (Founder and Managing Partner of Rockingstone Advisors LLC)
The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
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