Thomsom Reuters is to sell a copy of the Thomson Fundamental database to FactSet Research Systems, provider of integrated financial information and analytical applications to the global investment community.
The deal will include copies of the database, source data, collection software, documentation and collection training materials, as well as the potential for FactSet to acquire certain customer contracts for Thomson Fundamentals and to hire certain key employees connected with the database and related assets.
FactSet has been distributing Thomson Fundamentals to the investment community since 1991 and anticipates introducing its own copy of a Fundamentals database as FactSet Fundamentals. FactSet will continue to redistribute the Thomson Fundamentals and Reuters Fundamentals databases to its clients as well as databases from S&P Compustat, Toyo Keizai (Japan) and Aspect Huntley (Australia).
Thomson Reuters retains full ownership of the original Fundamentals database, its trademarks, related source data, collection software and documentation and will continue to operate the database and service its customers, other than those that choose to assign their eligible contracts to FactSet.