FactSet

FactSet is a United States-based financial information and software company serving professional users across investment management, investment banking, brokerage, wealth management, hedge funds, private markets, risk management, and related financial-services activities. Its central proposition is the integration of market, company, portfolio, economic, ownership, fundamental, alternative, and other datasets with analytical applications and collaborative workflows. Rather than requiring clients to assemble raw data from multiple vendors and build their own processing tools, FactSet has historically combined licensed content, proprietary processing, software applications, data delivery, and client services in a single platform. The company was founded in 1978 by Howard Wille and Charles Snyder after the two worked together on Wall Street. Their original concept was to deliver usable computer-based financial information directly to clients. Early FactSet output was delivered on paper, sometimes by messenger, and the first product generated a concise company analysis report from an external database. The business later moved toward electronic delivery, spreadsheet integration, screening, proprietary-data management, and networked financial workstations. These developments helped establish the workflow-oriented model that remains central to the brand. FactSet's principal platform supports real-time and historical market data, company and security research, portfolio construction and analysis, performance attribution, risk measurement, scenario analysis, screening, valuation, fixed-income analysis, news monitoring, and research collaboration. The company also supplies implementation, business advisory, data delivery, index, portfolio-data-management, transition, and learning services. Its clients include both buy-side and sell-side professionals, such as portfolio managers, analysts, traders, investment bankers, risk officers, and wealth advisers. The company expanded internationally during the 1990s, opening a London office in 1993 and a Tokyo office in 1995, and subsequently built a global operating footprint. It became a public company on the New York Stock Exchange in 1996 under the symbol FDS. Over time, FactSet broadened beyond its original workstation through acquisitions and product development in research management, execution management, order management, performance and risk, client reporting, environmental, social and governance data, identifiers, and cloud-based portfolio workflows. FactSet competes with Bloomberg, LSEG, S&P Global, and other providers of financial data, research, analytics, and workflow technology. Its differentiation is based on combining broad content coverage with configurable applications, data interoperability, service support, and integration into institutional investment processes. The company has also pursued cloud infrastructure, marketplace distribution for third-party data, and artificial-intelligence applications, including tools for knowledge retrieval, workflow assistance, and investment-banking content creation. FactSet remains an active public company headquartered in Norwalk, Connecticut, with products and services used by financial institutions worldwide.

FactSet's origins date to 1977, when Howard Wille and Charles Snyder worked together at Faulkner, Dawkins & Sullivan on Wall Street. As computing began to change financial research, they believed clients would benefit from receiving processed, usable information rather than raw data that required separate programming and transformation. They founded FactSet in 1978. The early business produced company reports from licensed data and initially delivered some information on paper. Its operating model gradually shifted toward electronic delivery and direct client access. A major early technical development came in 1981, when FactSet enabled data to be downloaded into VisiCalc spreadsheets. This reduced manual steps and made the service more useful for analysts. Screening capabilities were introduced in 1984 and expanded through Universal Screening in 1988, allowing users to define their own criteria. In 1989, the Private Database Service allowed clients to combine proprietary information with FactSet data for customized analysis. FactSet introduced a Windows product in 1990 and moved its headquarters from New York City to Greenwich, Connecticut. International expansion began with London in 1993 and Tokyo in 1995. In preparation for its public offering, the company adopted the name FactSet Research Systems Inc. in 1995. It listed on the New York Stock Exchange in 1996 under the symbol FDS. The company expanded its application range during the late 1990s with Portfolio Management Workstation, Economic Analysis, Company Explorer, the DIRECTIONS interface, and Online Assistant. Twenty-four-hour telephone support was added in 1999. Wille stepped down as chief executive and chairman in 2000, and Philip Hadley became chief executive and chairman later that year after Snyder served temporarily as chief executive. During the 2000s, FactSet developed products for portfolio returns, style and performance analysis, risk, proprietary time-series databases, real-time news, quotes, and sell-side research. It introduced IBCentral in 2004 and consolidated its Connecticut offices in Norwalk. The company also expanded its content through acquisitions and licensing arrangements, including the Thomson Reuters WorldScope database, which became associated with FactSet Fundamentals. In 2009, FactSet combined several earlier applications, including DIRECTIONS, Marquee, and IBCentral, into a more unified FactSet platform with shared workspaces and faster analytics. It also incorporated short-selling information from Data Explorers. Partnerships and acquisitions during the following years broadened the company's capabilities. These included Market Metrics, StreetAccount, Revere Data, Code Red, Portware, Vermilion Software, CYMBA Technologies, BISAM, and Interactive Data Managed Solutions. Together, these transactions strengthened market research, real-time intelligence, industry classification, research management, execution management, client reporting, order management, performance, risk, and wealth-management workflows. FactSet continued expanding its data and technology ecosystem in the late 2010s. It opened an office in Shanghai, launched Open:FactSet Marketplace for third-party financial and alternative data, and entered an enterprise market-data relationship with Merrill Lynch Wealth Management. In 2020, it acquired Truvalue Labs, adding artificial-intelligence-driven ESG signals derived from unstructured sources. In 2021, it acquired Cobalt Software, joined the S&P 500, and announced the purchase of CUSIP Global Services from S&P Global. More recent activity has focused on cloud workflow software, identifiers, portfolio operations, artificial intelligence, and investment-banking productivity. FactSet's current business combines data licensing, analytics applications, enterprise software, workflow products, implementation, advisory, and support services for a global professional audience.

1. 2025LiquidityBook acquired

   FactSet expands its cloud-based portfolio, order, and execution-management capabilities.

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2. 2021FactSet enters the S&P 500

   FactSet is added to the S&P 500 index in December.

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3. 2021Cobalt Software acquired

   FactSet adds portfolio-monitoring capabilities through the acquisition of Cobalt Software.

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4. 2020Truvalue Labs acquired

   The transaction adds AI-driven environmental, social, and governance data and signals.

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5. 2018Open:FactSet Marketplace launched

   FactSet introduces an online marketplace for financial and alternative data from external providers.

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6. 2017BISAM and Interactive Data Managed Solutions acquired

   The acquisitions strengthen performance, risk, and wealth-management workflows.

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7. 2015Code Red and Portware acquisitions

   FactSet expands into research-management technology and multi-asset execution management.

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8. 2013Revere Data acquired

   The acquisition adds industry classification and taxonomy capabilities later associated with FactSet Revere.

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9. 2009Core platforms consolidated

   DIRECTIONS, Marquee, and IBCentral are combined into a unified FactSet platform.

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10. 1996Public listing on the NYSE

    FactSet begins trading on the New York Stock Exchange under the ticker FDS.

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11. 1995Corporate name changed

    The company adopts the name FactSet Research Systems Inc. ahead of becoming publicly traded.

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12. 1993First European office opens

    FactSet opens an office in London, beginning its dedicated European expansion.

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13. 1989Private Database Service launches

    Clients can store proprietary data and combine it with FactSet information for customized analysis.

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14. 1988Universal Screening expands

    Users gain the ability to create customized screening criteria across the company's data.

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15. 1981Spreadsheet data download introduced

    FactSet develops a method for downloading database information into VisiCalc spreadsheets, making financial analysis faster and more practical.

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16. 1978FactSet is founded

    Howard Wille and Charles Snyder establish FactSet to deliver processed computer-based financial information directly to investment professionals.

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An integrated, enterprise-oriented financial data and analytics platform for professional investors and financial institutions.

• FactSet WorkstationFinancial data and research platform

  FactSet Workstation is the company's principal professional interface for accessing market data, real-time news and quotes, company research, portfolio information, screening, valuation, industry analysis, and collaboration tools. It is designed for analysts, portfolio managers, traders, bankers, and other investment professionals who need multiple datasets and analytical functions in a connected workflow.

• FactSet AnalyticsPortfolio and risk analytics

  FactSet Analytics provides tools for portfolio construction, performance analysis, attribution, optimization, scenario testing, risk measurement, and security-level research. The product family supports analysis across equities, fixed income, funds, and other asset classes, and can be used to compare portfolios with benchmarks or peer groups.

• FactSet FundamentalsFundamental financial data2008

  FactSet Fundamentals supplies standardized and historical company financial information for research, screening, modeling, valuation, and comparative analysis. It incorporates content associated with the WorldScope database acquired from Thomson Reuters and is used to support company-level and cross-company analysis.

• FactSet RevereIndustry taxonomy and classification2013

  FactSet Revere provides industry and business-line classifications intended to help users organize companies by the markets, products, and activities that drive their revenues. The taxonomy supports peer analysis, thematic research, portfolio exposure analysis, and data normalization.

• Open:FactSet MarketplaceData marketplace2018

  Open:FactSet Marketplace is a distribution environment for third-party financial and alternative datasets. It enables FactSet clients to discover and access external content from specialist providers alongside FactSet's own data and analytical applications.

• FactSet MercuryArtificial-intelligence knowledge assistant

  FactSet Mercury is described as a large-language-model-based knowledge agent intended to support digital workflows and fact-based decision-making. It connects users with FactSet information and AI-assisted capabilities while emphasizing retrieval and analysis of financial content.

• Pitch CreatorInvestment-banking productivity software

  Pitch Creator is an AI-enabled solution designed to assist investment bankers in producing pitchbooks and related presentation materials. It is intended to reduce manual preparation work by helping organize content and generate presentation-ready outputs within a financial workflow.

• LiquidityBookPortfolio, order, and execution management

  LiquidityBook provides cloud-based portfolio, order, and execution-management technology for hedge funds, asset managers, wealth managers, outsourced-trading operations, and sell-side middle-office users. FactSet acquired the business in 2025 to broaden its cloud workflow offering.

• 2018Open:FactSet Marketplace launch

  Global

  FactSet introduced an online marketplace connecting clients with financial and alternative-data providers, positioning the platform as an ecosystem rather than only a proprietary data terminal.

  Outcome. Expanded access to external datasets within the FactSet environment.

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• 2025Acquisition of LiquidityBookM&A

  FactSet sought to extend its platform into cloud-based portfolio, order, and execution workflows.

  What changed. FactSet acquired LiquidityBook, a provider of cloud-based trading and portfolio technology.

  Aftermath. The acquisition expanded FactSet's capabilities for front-office and middle-office investment workflows.

  Reported acquisition consideration. $246.5 million (February 2025)

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• 2021Agreement to acquire CUSIP Global ServicesM&A

  Security identifiers are foundational to financial-data processing, instrument matching, reporting, and operational workflows.

  What changed. FactSet announced plans to acquire CUSIP Global Services from S&P Global.

  Aftermath. The transaction was intended to strengthen FactSet's role in identifiers and reference-data infrastructure.

  Announced purchase price. $1.925 billion cash consideration announced (December 2021 announcement)

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• 2020Acquisition of Truvalue LabsM&A

  Investors and institutions were increasingly using environmental, social, and governance information in research and risk processes.

  What changed. FactSet acquired Truvalue Labs and added AI-derived ESG signals based on large volumes of unstructured text.

  Aftermath. The acquisition broadened FactSet's alternative-data and sustainability-analysis capabilities.

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• 2009Unification of major analytical platformsStrategy

  FactSet operated several distinct applications, including DIRECTIONS, Marquee, and IBCentral, serving overlapping research and market-data workflows.

  What changed. FactSet combined the platforms into a unified FactSet product with shared workspaces and faster analytics.

  Aftermath. The move reinforced the company's strategy of integrating data and applications into a common professional workflow.

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• 1996Public-market listingOther

  FactSet had expanded its client base and international presence and changed its corporate name in preparation for becoming a public company.

  What changed. The company listed on the New York Stock Exchange under the ticker FDS.

  Aftermath. The listing provided FactSet with a public-market identity and established the FDS ticker still associated with the company.

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• 2025FactSet acquires LiquidityBook

  FactSet acquired LiquidityBook, a provider of cloud-based portfolio, order, and execution-management systems serving investment and trading organizations.

  M&A
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• 2025FactSet acquires TableTop Data

  FactSet acquired TableTop Data, also known as LogoIntern, a workflow tool for organizing and formatting company logos in investment-banking presentation materials.

  M&A
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• 2021FactSet acquires CUSIP Global Services from S&P Global

  FactSet announced an agreement to acquire CUSIP Global Services, the provider of CUSIP and CINS identifiers and the U.S. numbering agency for ISIN identifiers.

  M&A
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• 2021FactSet joins the S&P 500

  FactSet was added to the S&P 500 index in December 2021.

  Other
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