FactSet has acquired idaciti, an innovator in data structuring and collection technology. The acquisition expands FactSet’s multi-year investment program to digitally transform its content collection infrastructure. It also accelerates time-to-market for delivering data sets.
Founded in 2015, idaciti applies a taxonomy-first approach to structuring information from company disclosures, regulatory filings, and proprietary document repositories. It combines this expertise with machine learning-assisted technology to capture and standardise data at an exceptional level of granularity, quality, and speed. The platform uses a modern collection workflow for both structured and unstructured content to connect data discovery, normalisation, and quality assurance in a single, iterative process.
“FactSet is committed to increasing the coverage and depth of its core proprietary content, as well as the granularity of data collected, particularly across Deep Sector and sustainability, where we are seeing strong demand and opportunity for differentiation,” says John Costigan, executive vice president and CDO at FactSet. “We will continue investing to scale FactSet’s content refinery to provide the most comprehensive and connected inventory of client, proprietary, and third-party content.”
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