StreetAccount Added to the Acquisition List of 2012
July 18, 2012
Thomson Reuters may not be too thrilled with this news. Its competitor FactSet added a gem to its information treasure chest.
The acquisitions of 2012 just added some new names to the list. Taume’s article “FactSet Research Buys StreetAccount” explains why FactSet felt StreetAccount complimented their mission and decided to become their sole distributor.
In the company’s opinion, this is a win, win situation for everyone. Those that utilize FactSet currently can now gain access to StreetAccount through the FactSet workstation and iPad applications.
StreetAccount’s Senior Vice President Gregory Jones,stated:
“Institutional investors are challenged by the volume of information they receive. StreetAccount cuts through the clutter to deliver to users the news they need most. We’re delighted to join FactSet as we share a common mission: to transform information into intelligence for our clients.”
FactSet’s Director of Product Development for Market Data explained the reasoning behind acquiring StreetAccount as:
“StreetAccount content is a natural fit for FactSet that will complement our strong partnership with Dow Jones and other news vendors already available on the FactSet platform. This acquisition is right in line with FactSet’s long-term commitment to investing in unique content sets”
FactSet has been around since 1978 and combines integrated financial information, analytical applications, and client services, enhancing the productivity and organization of global investment professionals. StreetAccount opened their doors in 2003 and provide crucial market moving information for corporations involved in buying and selling. As far as acquisitions go, these two companies create a complimentary combination that might end up on the success list.
Jennifer Shockley, July 18, 2012
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