FactSet Research Systems Inc. (NYSE:FDS) (Nasdaq:FDS), a leading provider of integrated financial information and analytical applications to the global investment community, today announced it has acquired Revere Data, LLC.
Over the last decade, Revere has built a dynamic industry taxonomy that offers investors a unique way to classify companies and analyze how they fit in the global economy. Revere also offers a robust database of supply chain relationships that helps investors identify companies' interrelationships and mutual dependencies, as well as a comprehensive geographic revenue exposure database to manage geopolitical and macroeconomic risk.
"Revere's data solutions help refine interesting ideas and strategies so investors can better identify opportunities and measure risk exposure throughout the global equities and derivatives markets," explains Phil Snow, Senior Vice President, Director of Global Content Sales at FactSet. "The addition of Revere's specialty data complements FactSet's commitment to provide clients with unique and insightful content sets."
"At Revere, our data sets help unlock and maximize value for our customers and partners," explains Kevin O'Brien, Chief Executive Officer of Revere Data. Adds Vivian Ramos, Chief Operating Officer, "We're delighted to join FactSet as we share a common goal: to deliver innovative products that offer clients actionable insight."
The acquisition of Revere is not expected to have a material impact on fiscal 2014 diluted earnings per share.