content_image/267837.jpg content_image/267836.jpg
Goodwill of $34,298,000 represents the premium we paid over the fair value of the net tangible and intangible assets we acquired for LIM. We paid this premium for a number of reasons, including the strategic benefit of expanding our core data and software businesses and gaining access to several new industries via a new distribution channel for Morningstar. LIM currently serves about 130 clients including some of the world’s largest asset managers, banks, oil companies, power and natural gas trading firms, utilities, risk man- agers, and agriculture and commodities trading firms. The goodwill we recorded is not considered deductible for income tax purposes. 

## Other Acquisitions in 2009 

We completed four other acquisitions in 2009, as follows: 

U  Global financial filings database business of Global Reports LLC (Global Reports) provides timely online access to full-color finan- cial filings from more than 37,000 publicly traded companies in approximately 130 countries and offers more than 500,000 current and historical filings and reports, such as annual and interim reports, initial public offerings, and Corporate and Social Responsibility reports, in their native languages and in English when available. We began including the financial results of this acquisition in our Consolidated Financial Statements on April 20, 2009. 

U  Andex Associates, Inc. (Andex) is known for its Andex Charts, which illustrate historical market returns, stock index growth, inflation rates, currency rates, and general economic conditions for the United States dating back to 1926, and for Canada dating back to 1950. We began including the financial results of this acquisition in our Consolidated Financial Statements on May 1, 2009. 

U  Intech Pty Ltd (Intech) is a leading provider of multimanager and investment portfolio solutions in Sydney, Australia. Intech also manages a range of single sector, alternative strategy, and diver- sified investment portfolios, has one of the leading separately managed account databases in Australia, and offers the Intech Desktop Consultant, a research software product for institutions. We began including the financial results of this acquisition in our Consolidated Financial Statements on June 30, 2009. 

U  Canadian Investment Awards and Gala is Canada’s marquee investment awards program, recognizing excellence in products and firms within the financial services industry. We began includ- ing the financial results of this acquisition in our Consolidated Financial Statements on December 17, 2009. 

The total purchase price of these four acquisitions was $5,686,000, net of cash acquired. This entire amount was substantially paid in 2009. The following table summarizes our allocation of the purchase prices to the estimated fair values of the assets acquired and lia- bilities assumed at the dates of acquisition for these four acquisitions: 

<img src='content_image/267837.jpg'>

The purchase price allocation includes $4,306,000 of acquired intan- gible assets, as follows: 

<img src='content_image/267836.jpg'>

The deferred tax liability of $511,000 is primarily because the amor- tization expense related to certain intangible assets is not deduct- ible for income tax purposes. Approximately $1,344,000 of the intangible assets is deductible for income tax purposes over a period of approximately 15 years from the acquisition date. 

