Press release from GlobeNewswire (a Nasdaq OMX company)
FactSet Acquires Revere Data
Thursday, September 05, 2013
FactSet Acquires Revere Data06:15 EDT Thursday, September 05, 2013
NORWALK, Conn., Sept. 5, 2013 (GLOBE NEWSWIRE) -- FactSet Research Systems Inc. (NYSE:FDS) (Nasdaq:FDS), a leading provider of integrated financial information and analytical applications to the global investment community, today announced it has acquired Revere Data, LLC (www.reveredata.com).
Over the last decade, Revere has built a dynamic industry taxonomy that offers investors a unique way to classify companies and analyze how they fit in the global economy. Revere also offers a robust database of supply chain relationships that helps investors identify companies' interrelationships and mutual dependencies, as well as a comprehensive geographic revenue exposure database to manage geopolitical and macroeconomic risk.
"Revere's data solutions help refine interesting ideas and strategies so investors can better identify opportunities and measure risk exposure throughout the global equities and derivatives markets," explains Phil Snow, Senior Vice President, Director of Global Content Sales at FactSet. "The addition of Revere's specialty data complements FactSet's commitment to provide clients with unique and insightful content sets."
"At Revere, our data sets help unlock and maximize value for our customers and partners," explains Kevin O'Brien, Chief Executive Officer of Revere Data. Adds Vivian Ramos, Chief Operating Officer, "We're delighted to join FactSet as we share a common goal: to deliver innovative products that offer clients actionable insight."
The acquisition of Revere is not expected to have a material impact on fiscal 2014 diluted earnings per share.
FactSet, a leading provider of financial information and analytics, helps the world's best investment professionals outperform. More than 48,000 users stay ahead of global market trends, access extensive company and industry intelligence, and monitor performance with FactSet's desktop analytics, mobile applications, and comprehensive data feeds. The Company has been included in FORTUNE's Top 100 Best Companies to Work For, the United Kingdom's Great Places to Work and France's Best Workplaces. FactSet is listed on the New York Stock Exchange and NASDAQ (NYSE:FDS) (Nasdaq:FDS). Learn more at www.factset.com, and follow us on Twitter: www.twitter.com/factset.
Revere Data, LLC, is the leading provider of industry classification and supply chain specialty data, analytics, and index solutions for the global financial services industry. Revere's data is invaluable for traditional to alternative asset managers seeking alpha generation opportunities and better risk management capabilities. Index owners and fund sponsors use Revere to create innovative investment products for customers ranging from institutions to retail investors.
CONTACT: Rachel R. Stern FactSet Research Systems Inc. 203.810.1000