The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

FactSet Completes Acquisition of Thomson Fundamentals Database

Share article

Following the announcement of its intention to acquire a copy of the Thomson Fundamental database in April this year, financial information and analytical applications vendor FactSet Research Systems has announced the completion of the deal. The vendor paid cash consideration of US$63 million for a copy of the database and related assets, daily database updates over the next 18 months and approximately US$1 million of annual revenues.

Thomson retains the full ownership of the original fundamentals database and associated intellectual property and Thomson Fundamentals will continue as a product on the FactSet platform. FactSet has been distributing Thomson Fundamentals to the investment community since 1991.

According to the vendor, eight key employees connected with the database and related assets have accepted employment offers to join FactSet immediately.

FactSet has entered into a transition services agreement with Thomson, under which Thomson will provide services for the next 18 months, including daily updates to FactSet’s fundamental database. The daily updates will be provided on the same schedule and with the same timeliness, content and quality as the updates FactSet receives for Thomson Fundamentals today. The TSA also outlines consulting and support services Thomson will provide to FactSet in order to ensure a complete understanding of the structure, content and data collection processes required to deliver a production version of the database by the end of the transition period.

Related content

WEBINAR

Recorded Webinar: Approaches to managing corporate actions data

Don’t miss this opportunity to view the recording of this recently held webinar. Corporate actions data is key to high quality reference data, which in turn is key to efficient and effective data management processes that support not only regulatory compliance, but also business initiatives. So, how best can corporate actions data be managed, what...

BLOG

GoldenSource Ushers Reference and Pricing Data into the Front Office with Quant Workbench

Extracting value from data is a priority for financial institutions as the business looks to increase efficiency, reduce costs, identify new opportunities and gain competitive advantage. Some source in-house tools to improve the quality and accessibility of internal and external data, others look to third-parties for solutions. A new tool from GoldenSource, Quant Workbench, brings...

EVENT

RegTech Summit Virtual

The RegTech Summit Virtual is a global online event that will be held in May 2021 with an exceptional guest speaker line up of RegTech practitioners, regulators, start-ups and solution providers to collaborate and discuss innovative and effective approaches for building a better regulatory environment.

GUIDE

Entity Data Management Handbook – Sixth Edition

High-profile and punitive penalties handed out to large financial institutions for non-compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations have catapulted entity data management up the business agenda. So, too, have industry and government reports on the staggering sums of money laundered on a global basis. Less apparent, but equally important, are...