The top half-dozen firms handle a large portion of business valuation work in the UK, so anyone interested in the profession might note with interest the trend for the larger audit firms to provide software as well as services. Evidence of this trend includes the announcement last week that Moody’s Corp. acquired ABS Suite from Deloitte. Issuers and trustees use ABS Suite for the administration of asset-backed and mortgage-backed securities programs. It’s a small transaction for Moody’s, the approximately £4 billion company with thousands of UK-based employees—the company says the acquisition ‘strengthens their position as a provider of structured finance solutions’ but will not change their 2019 financial position materially.