FactSet Research Systems has acquired all the outstanding capital stock of Derivative Solutions for $42.5 million in cash and approximately $11 million in shares, totalling around $53.5 million. This is 5.4 times the company’s revenues in 2004, and about four times anticipated 2005 revenues. Derivative Solutions, founded in 1991, provides fixed income analytics, portfolio management, risk management and performance attribution solutions.
The deal was initiated by M&A firm Marlin & Associates, founded by Ken Marlin, previously of Telekurs Financial, Telesphere and Bridge Information Systems which acted as exclusive advisor to Derivative Solutions.
A-Team Insight Blogs
FactSet Acquires Fixed Income Software Provider Derivative Solutions
Related content
WEBINAR
Recorded Webinar: The Data Challenge in Market Surveillance
This webinar has passed, but you can view the recording here. Since the start of the financial crisis, market surveillance has been a high priority issue across capital markets. Buy-side and sell-side firms have stepped up their game, and so, too, have regulators. The need for accurate, real-time surveillance will continue to escalate as market...
BLOG
Ones and Zeros: How Asset Managers Can be Digital Transformation Heroes
By Phil Davies, CTO of Milestone Group. The pace of digital transformation in asset management has been referred to as glacial. However, this new decade comes at an inflection point – over the past couple of years, the discussion has picked up considerably with firms finally embracing the digital ecosystem. People have built up both confidence...
EVENT
TradingTech Summit London
The TradingTech Summit in London brings together European senior-level decision makers in trading technology, electronic execution and trading architecture to discuss how firms can use high performance technologies to optimise trading in the new regulatory environment.
GUIDE
The Global LEI System – A Solution for Entity Data?
The Global LEI System – or GLEIS – has been in development since the middle of last year. Development has been patchy at times, but much has been done, leaving fewer outstanding issues, but also raising new questions. What’s emerging is a structure for the GLEIS going forward, complete with a mechanism for registering and...