BARRA Inc., Berkeley, Calif., announced it has agreed to acquire Redpoint Software Inc., Westborough, Mass., to improve BARRA's relatively new software that measures the total risk being taken by a plan. Redpoint Software has the ability to aggregate and integrate data from various databases and systems, a feature than enhances total plan risk measurement, according to BARRA. Some of the world's largest pension plans have shown interest in total plan risk measurement.
The acquisition will cost BARRA $5.5 million in cash, plus contingent payments of up to $12.5 million.
