NEW YORK--(BUSINESS WIRE)--Moody’s Corporation (NYSE:MCO) announced today that it has made a strategic, minority investment in SecurityScorecard, a leading provider of cybersecurity ratings. SecurityScorecard recently announced it has completed a $27.5 million Series C funding round, led by Nokia Growth Partners, with participation from AXA Strategic Ventures, Intel Capital and existing investors including Sequoia, Google Ventures (GV), Boldstart Ventures, and Evolution Equity Partners.
SecurityScorecard's innovative, proprietary cyber risk ratings, data and analytics are widely used by information security, risk management, supply chain, and compliance practitioners to assess and monitor their security posture and secure their partner and vendor ecosystem. Thousands of organizations utilize SecurityScorecard as part of their cybersecurity risk assessment process.
The investment was funded through U.S. cash and will not have a material impact on Moody’s 2017 financial results.
To learn more about SecurityScorecard, please visit www.securityscorecard.com.
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Moody's is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody’s Corporation (NYSE: MCO) is the parent company of Moody's Investors Service, which provides credit ratings and research covering debt instruments and securities, and Moody's Analytics, which offers leading-edge software, advisory services and research for credit and economic analysis and financial risk management. The corporation, which reported revenue of $3.6 billion in 2016, employs approximately 11,500 people worldwide and maintains a presence in 41 countries. Further information is available at www.moodys.com.