Our three platforms (Morningstar.com, Morningstar Advisor Workstation, and  Morningstar Direct) made up about 28% of revenue in 2010. Combined Revenue 06  07  08  09  10 % of Consolidated  Revenue $85.0  $108.5  $135.1  $135.1  $157.1 27.0% 24.9% 26.9% 28.2% 28.3% ($ mil)  We also started our company events and earnings call transcript database in 2010 and are now transcribing  more than  1,000 calls every quarter. More than half of these transcripts are fi nished within three hours  of the call and about  15% in two hours—some of the fastest turnaround times in the industry. Finally, our equity  fundamentals business continues to expand. We focused on adding foreign companies in important global  indexes in  2010 and now track 27,000 global equities.  $108.5 $135.1 $135.1 $157.1  A key trend in the data business is cloud computing. It’s a key focus for us, and we’ve created a new cloud- based interface to provide internal and external users with fast, simple access to our data. We’re also  moving our internal processes to a cloud framework to speed production times and lay the groundwork to offer  more data and applications through the cloud. Our major software platforms—Morningstar.com for individuals, Morningstar Advisor Workstation for  advisors, and Morningstar Direct for institutions—all grew nicely in  2010. We have high enthusiasm for these  fl agship platforms, and expanding them remains a key growth strategy. Morningstar Direct is one of our main growth engines. Revenue grew  27% to $38 million, and it now ranks  as our fi fth-largest product. We increased the number of seats  35% to nearly 4,800. More than half of  Morningstar Direct’s  2010 growth and 40% of its users are from outside the United States—something we’d like  to see for all our products.  Morningstar, Inc. 2010 Annual Report 7 Software