FactSet Research Systems Inc. (NYSE:FDS) (Nasdaq:FDS), a leading provider of integrated global financial information and analytical applications for the investment community, today announced it has acquired Code Red, Inc.
Code Red provides research management technologies to the investment community, including endowments and foundations, institutional asset managers, sovereign wealth funds, pensions, and hedge funds. Code Red enables firms to combine their research, unique workflows, and data from multiple systems into an efficient, complete, and repeatable investment process. Code Red is home to all the information and tools investment professionals use to make more informed investment decisions.
"With the addition of Code Red to FactSet's existing RMS solution, FactSet now offers a complete research management solution for all of our clients' workflows," said Eric Weitzman, Vice President of Product Development for FactSet. "We are confident that the investment community will derive great value from this partnership."
"Code Red is proud to join FactSet and to further develop our research management technology. Code Red shares FactSet vision of becoming the industry-leading solution for research management," said Tim Gavin, CEO of Code Red.