| Type | Private company |
|---|---|
| Industry | Financial services, Media |
| Founded |
1987[1] as S&L Securities LP |
| Headquarters | Charlottesville, Virginia |
| Key people | Reid Nagle, Founder & Chairman Mike Chinn, President & CEO Nick Cafferillo, COO Sue Buck, CIO |
| Revenue | $116.7 million (2010)[1] |
| Employees | 1,600 (2010)[1] |
| Website | www.snl.com |
SNL Financial LC is a financial information firm headquartered in Charlottesville, Virginia. SNL Financial collects, standardizes and disseminates all relevant corporate, financial, market and M&A data — plus news and analysis — for the industries we cover: banking, financial services, insurance, real estate, energy and media/communications.
SNL Financial was originally founded as "S&L Securities" in New Jersey in 1987 with an initial focus on the savings and loan industry. But state law would not permit the incorporation of a non-bank with "S&L" in the official company name. So the "&" was replaced with an "N" to create "SNL."
SNL covers data of more than 4,000 public companies and over 50,000 private companies[2] in these industries: Banking, Financial Services, Insurance, Real Estate, Energy and Media & Communications (also known as SNL Kagan).[3]
SNL’s products include an online database with real-time news and analytical tools; investor relations Web site hosting; electronic newsletters; and printed data publications. SNL’s client base includes investment banks, investment managers, corporate executives, ratings agencies, government bodies, consulting firms and law firms who use SNL’s information for business intelligence and analysis.[4]
SNL Financial combines exclusive analysis and in-depth data in real time for the banking, financial services and insurance industries. From bank branch data and government assistance programs to executive compensation and league tables, SNL is the final word in business intelligence on financial institutions. SNL Real Estate combines real-time news, in-depth data and expert research on real estate companies traded on stock markets around the world. From the North American REIT, REOC, homebuilding and gaming sectors, to the listed property markets in Europe and Asia, SNL is the trusted solution for global real estate investment data. SNL Energy integrates news, data and research in real time for the electric power, natural gas and coal industries. Access detailed news, pricing and production data through SNL’s robust Web- and Excel-based platforms. From NYMEX pricing data and regulatory rate case information to commodity pricing and renewable energy trends, SNL provides expert intelligence that’s guaranteed to be accurate. SNL Kagan integrates online research, data and projections in real time for the media and communications industry. Access detailed news, forecasts and financial data through SNL’s robust Web- and Excel-based platforms. From TV network data and the movie industry to the radio business and Internet media, SNL Kagan covers it all.
Contents |
SNL Financial was founded in 1987 in Hoboken, New Jersey by Reid Nagle, who is still the company’s chairman. SNL began coverage of the thrift industry that same year, then launched coverage of banks in 1989 when it moved to its current headquarters in Charlottesville, Virginia. In 1992, Inc. Magazine recognized SNL as one of America’s 500 fastest-growing private companies.[4]
SNL added coverage of non-bank financial sectors in 1993; real estate in 1994; insurance in 1997; and energy in 2000. Also in 2000, Mike Chinn became company president after starting his SNL career in 1994.[4]
In 2001, SNL launched SNL IR Solutions, its investor relations Web site hosting service. SNL acquired Y-Merge in 2002, headed by Will Pappas who subsequently joined SNL’s board and became Managing Director of Sales.[4]
SNL started expanding its operations globally in 2003 by establishing an office in India, followed by office openings in Pakistan (2005) and London (2007). In the U.S., SNL established an Arlington, Virginia office in 2004 following its acquisition of Io Energy LLC[5], followed by the opening of a Boston, Massachusetts office in 2008, a Boulder, Colorado office in 2009 and a Richmond, Virginia office in 2010.[4]
After launching coverage of the media & communications sector in 2006, SNL acquiried Kagan Research, a long-time provider of proprietary analysis on the media industry, forming SNL Kagan with an accompanying office in Monterey, California. [6]
SNL expanded its information service outside of the U.S. in 2007 by including coverage of the public real estate market in Europe and the Asia-Pacific region.[4]
In 2008, SNL added statutory insurance data to its product offering,[4] and in 2011, the company launched European banking coverage. [7]
On July 26, 2011, SNL Financial announced that New Mountain Capital had acquired a majority equity stake in the company[8][9] In August, SNL Financial was named for the fourth year running to Inc. Magazine's Inc. 5000 List, a ranking of the fastest growing private companies in the U.S. On September 28, 2011, SNL Financial acquired Highline Data from Summit Business Media. This transaction positioned SNL Insurance, a division of SNL, as the new standard for insurance information. On November 17, 2011, SNL Financial acquired Datatrac's interest rate data products, further strengthening SNL's product for financial institutions.
SNL has 11 offices worldwide, with a current workforce of more than 1,600 employees.
Corporate headquarters are in Charlottesville, Virginia. Other locations include:[10]
SNL’s board of managers consists of:[4]