Barra acquires FEA for $21.25 million

In a press release, Barra said that FEA – also based in Berkeley - has over 700 clients in the US, Europe and Asia and operating revenues from software licensing and maintenance of about $8 million for its fiscal year ending February 28, 2002, an increase of 50% over the previous fiscal year. FEA sells perpetual licenses for most of its products and typically charges a 20% annual maintenance fee, the release states. FEA has been consistently profitable, it states.

Barra said it will operate FEA as a wholly-owned subsidiary.

Kamal Duggirala, chief executive officer of Barra, said in the release that the acquisition will allow the firm to develop a more comprehensive suite of risk analytics for both trading and portfolio management. Garman, chairman of FEA, said in the release that, "Barra enables FEA to expand our product and service offering to FEA's traditional sell side segment using global scaling combined with a powerful brand association.”

  • LinkedIn  
  • Save this article
  • Print this page  

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: