Moody’s Corp. announced that it has acquired Wall Street Analytics Inc., a developer of sophisticated structured finance analysis and monitoring software.

The firm will now be known as Moody’s Wall Street Analytics. Terms of the transaction will not be disclosed and the financial impact to Moody’s is not expected to be material.

The rating agency says that the acquisition will broaden Moody’s capabilities in the analysis and monitoring of complex structured debt securities while increasing the firm’s analytical and product development staff dedicated to creating new software and analytic tools for the structured finance market. In particular, the addition of Wall Street Analytics enhances Moody’s current collateralized debt obligations product suite and immediately adds mortgage-backed securities and asset-backed securities analytic software capabilities.

Moody’s says that the acquisition will also enable Wall Street Analytics to tap Moody’s deep structured finance expertise, extensive CDO and MBS databases and global product marketing capabilities to enhance its offerings to existing customers and further expand its reach in the structured finance marketplace in the U.S. and internationally.

“The structured finance markets are growing rapidly worldwide, bringing a heightened demand for supporting research, data and analysis,” said Raymond McDaniel, Jr., chairman and CEO of Moody’s. “Wall Street Analytics is an excellent addition that will help us meet the growing market demand for tools to analyze structured securities and accelerate our growth in this segment. This investment is also consistent with our strategy to invest in growth sectors that are highly complementary to our core businesses.”

Jacob Grotta, chief operating officer of Wall Street Analytics, said, “Combining Moody’s structured finance expertise with our established analytic tools and software will benefit our current customers and help us expand our reach in this marketplace.”