Morningstar agrees to acquire VC-backed HelloWallet for $52.5 mln
Investment research provider Morningstar has agreed to buy HelloWallet for $52.5 million. Because Morningstar already has a minority stake in HelloWallet valued at $13.5 million, it will pay $39 million for the acquisition when it closes in the coming days. HelloWallet is a web and mobile application for employees. Its backers included Grotech Ventures and AOL founder Steve Case.
30 May 2014•4 mins read
