2010 10-K: Part II 70 Consolidated Revenue In 2010, our consolidated revenue increased 15.9% to $555.4 million.  We had $47.9 million in incremental revenue from acquisitions dur- ing the year, mainly reflecting additional revenue from Logical  Information Machines, Inc. (LIM), Realpoint LLC (Realpoint), Old  Broad Street Research Ltd. (OBSR), and Intech Pty Limited (Intech).  Acquisitions contributed about 10 percentage points to our con- solidated revenue growth. Excluding acquisitions and the impact of foreign currency transla- tions, consolidated revenue increased by about $24.1 million, or  5.0%, in 2010. Higher revenue from Morningstar.com advertising  sales, Morningstar Direct, and Licensed Data were the main drivers  behind the revenue increase. These positive factors—as well as  smaller contributions from advisor software and our Investment  Management products—helped offset the loss of revenue associ- ated with the Global Analyst Research Settlement (GARS), which  ended in July 2009. We had equity research revenue of $12.5 million  related to GARS in 2009 that did not recur in 2010. In 2009, our consolidated revenue decreased 4.7% to $479.0 million.  We had about $29.6 million in incremental revenue from acquisitions  during the year, mainly reflecting additional revenue from Tenfore  Systems Limited (Tenfore, now referred to as Real-Time Data) as  well as 10-K Wizard Technology, LLC (10-K Wizard), the equity  research and data business from C.P.M.S. (CPMS), Intech (now  referred to as Ibbotson Australia), Fundamental Data Limited  (Fundamental Data), and others. However, this was more than off- set by lower organic revenue, largely reflecting a drop in revenue  from Investment Consulting as well as lower Equity Research rev- enue related to GARS in the second half of 2009. Investment  Consulting revenue declined because two clients did not renew  their contracts, one in October 2008 and the other in May 2009. The tables below reconcile consolidated revenue with organic rev- enue (revenue excluding acquisitions and the impact of foreign  currency translations): Contributors to Revenue Growth 38.8% 38.1% 15.5% (4.7%) 15.9% 2006  2007  2008  2009  2010 Acquisitions  16.0%  14.1%  6.2%  5.9%  10.0% Foreign currency  0.4%  1.2%  0.5%  (1.8%)  0.9% translations Organic growth 22.4%  22.8%  8.8%  (8.8%)  5.0% Total  38.8%  38.1%  15.5%  (4.7%)  15.9% 2010 vs. 2009 ($000) 2010 2009  Change Consolidated revenue  $ 555,351 $478,996  15.9% Revenue from acquisitions  (47,850) —  NMF Favorable impact of (4,362) —  NMF foreign currency translations Organic revenue  $ 503,139 $478,996  5.0% 2009 vs. 2008 ($000) 2009  2008  Change Consolidated revenue  $478,996  $502,457  (4.7)% Revenue from acquisitions  (29,590)  —  NMF Unfavorable impact of 8,987  —  NMF  foreign currency translations Organic revenue  $458,393  $502,457  (8.8)%