Morningstar, Inc. Acquires Global Financial Filings Database Business From Global...

Morningstar, Inc. Acquires Global Financial Filings Database Business From
Global Reports LLC

Creates single source for global financial and regulatory filings

CHICAGO, April 20 /PRNewswire-FirstCall/ -- Morningstar, Inc. (Nasdaq: MORN),
a leading provider of independent investment research, today announced it has
acquired the global financial filings database business of Global Reports LLC,
a leading provider of online financial and Corporate and Social Responsibility
(CSR) reports for publicly traded companies around the world. Financial terms
were not disclosed.

"One of our growth strategies is to create a premier global investment
database, and our acquisition of the Global Reports business advances our goal
of having the most comprehensive information for public companies," said Liz
Kirscher, president of data services for Morningstar. "We currently provide
data for 24,000 stocks worldwide. With our recent acquisition of 10-K Wizard,
a leading provider of SEC EDGAR filing research and alert services for U.S.
companies, and our acquisition of the Global Reports business, we'll have
broader global coverage and more in-depth historical information that
investors, advisors, and institutions need to make more informed decisions.
Instead of spending hours surfing the Internet, our clients will now have a
single source for global regulatory and financial filings, real-time alerts
when new reports are filed, and full-text search functionality."

Founded in 1999 in Kensington, Md., Global Reports provides timely online
access to full-color financial filings from more than 37,000 publicly traded
companies in approximately 130 countries. Global Reports offers more than
500,000 current and historical filings and reports, such as annual and interim
reports, initial public offerings, and CSR reports, in their native languages
and in English when available. Most filings and reports become available the
same day they are issued by public companies. Subscribers can search filings
confidentially according to company name, country, exchange, index, report
type, or report year. In addition, the Global Reports database also allows
full-text searches across company filings for in-depth research.

"We're proud of our growth and accomplishments over the last 10 years," said
Scott Schwartz, founder of Global Reports. "Becoming part of Morningstar
offers clear benefits for our clients. Morningstar is a leader in the
collection and dissemination of investment data, and our clients will now have
access to Morningstar's extensive array of data resources and technology."

Morningstar plans to fully integrate Global Reports' financial filings
database into popular products such as the company's investment Web site,
Morningstar.com(R); Morningstar(R) Advisor Workstation(SM), a Web-based
investment planning system for advisors; Morningstar Direct(SM), a Web-based
research platform for institutions; and 10-K Wizard, a leading provider of SEC
EDGAR filing research and alert services, which Morningstar acquired in
December 2008.

About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in
North America, Europe, Australia, and Asia. The company offers an extensive
line of Internet, software, and print-based products and services for
individuals, financial advisors, and institutions. Morningstar provides data
on more than 300,000 investment offerings, including stocks, mutual funds, and
similar vehicles, along with real-time global market data on more than 4
million equities, indexes, futures, options, commodities, and precious metals,
in addition to foreign exchange and Treasury markets. The company has
operations in 19 countries and minority ownership positions in companies based
in three other countries.

Caution Concerning Forward-Looking Statements
This press release contains forward-looking statements as that term is used in
the Private Securities Litigation Reform Act of 1995. These statements are
based on our current expectations about future events or future financial
performance. Forward-looking statements by their nature address matters that
are, to different degrees, uncertain, and often contain words such as "may,"
"could," "expect," "intend," "plan," "seek," "anticipate," "believe,"
"estimate," "predict," "potential," or "continue." These statements involve
known and unknown risks and uncertainties that may cause the events we
discussed not to occur or to differ significantly from what we expected. For
us, these risks and uncertainties include, among others, general industry
conditions and competition, including the global financial crisis that began
in 2007; the impact of market volatility on revenue from asset-based fees;
damage to our reputation resulting from claims made about possible conflicts
of interest; liability for any losses that result from an actual or claimed
breach of our fiduciary duties; financial services industry consolidation; a
prolonged outage of our database and network facilities; challenges faced by
our non-U.S. operations; and the availability of free or low-cost investment
information. A more complete description of these risks and uncertainties can
be found in our filings with the Securities and Exchange Commission, including
our Annual Report on Form 10-K for the year ended December 31, 2008. If any of
these risks and uncertainties materialize, our actual future results may vary
significantly from what we expected. We do not undertake to update our
forward-looking statements as a result of new information or future events.

(C)2009 Morningstar Inc. All rights reserved.

Media Contacts:
Margaret Kirch Cohen, 312-696-6383, margaret.cohen@morningstar.com
Alexa Auerbach, 312-696-6481, alexa.auerbach@morningstar.com

SOURCE Morningstar, Inc.

Margaret Kirch Cohen, +1-312-696-6383, margaret.cohen@morningstar.com, or
Alexa Auerbach, +1-312-696-6481, alexa.auerbach@morningstar.com, both of
Morningstar, Inc.