Zephyr Associates acquired by Informa Investment Solutions

Zephyr Associates, a developer of investment management analytical tools, was acquired Wednesday by Informa Investment Solutions, an investment industry software supplier, confirmed Informa spokeswoman Margaret Tobiasen.

Informa acquired the firm from Kemmons Wilson for $62 million in cash, confirmed Zephyr spokeswoman Sandra McQuain.

Kemmons Wilson had acquired the firm in May 2007 when Zephyr's founder, Steve Hardy, retired, will continue to operate as a business unit within IIS, according to a news release.

The StyleAdvisor returns-based style and performance analyzer is Zephyr's primary product. It determines a manager's effective style and evaluates performance, risk and other attributes.