CUSIP Global Services
2022
$1.9B
Outcome
Added predictable, high-margin utility licensing fees for every security issued in the United States and Canada.
FactSet Research Systems
Financial Information Services & Investment WorkstationsFounded 1978- HQ today: Norwalk, Connecticut, USA
Reviewed by Swet Parvadiya
Company data updated: November 2026
Acquisitions
FactSet Acquisitions
3
Major Deals Covered
$2.4B
Disclosed Deal Value
What are FactSet's biggest acquisitions?
FactSet's largest disclosed acquisition here is Portware LLC for $265 in 2015. This page covers 3 major deals from 2015 to 2022, each with its price where disclosed and the reason behind it.
- Major deals covered
- 3
- Largest deal
- Portware LLC ($265)
- First deal
- 2015
- Most recent
- 2022
| Company | Year | Price | Purpose |
|---|---|---|---|
| CUSIP Global Services | 2022 | $1.9B | — |
| BISAM Technologies | 2017 | $205.0M | — |
| Portware LLC | 2015 | $265.0M | — |
- What companies has FactSet bought?
- Major acquisitions by FactSet documented here include Portware LLC (2015), BISAM Technologies (2017) and CUSIP Global Services (2022).
- What is FactSet's most recent acquisition?
- The most recent FactSet acquisition documented here is CUSIP Global Services, in 2022, for $1.9.
BISAM Technologies
2017
$205M
Outcome
Integrated industry-benchmark GIPS performance measurement and risk factor attribution into the FactSet Workstation.
Portware LLC
2015
$265M
Outcome
Created FactSet Trade Execution, allowing portfolio managers to move seamlessly from research into algorithmic trade execution.
FactSet Research Systems's Growth & Acquisition Strategy
The company's strategy focuses on expanding data feed consumption by algorithmic quant funds, scaling large-scale enterprise workstation deployments across wealth management networks (including Bank of America Merrill Lynch), and embedding predictive AI capabilities across its portfolio analytics suite.
How FactSet Research Systems Makes Money
FactSet operates a high-retention software-as-a-service (SaaS) and recurring Annual Subscription Value (ASV) business model. Over 98% of total revenue is derived from recurring multi-year subscriptions. The company licenses its proprietary FactSet Workstation on a per-user, per-year basis to buy-side portfolio managers, wealth advisors, and sell-side investment bankers. In addition, FactSet generates substantial recurring revenue by licensing raw corporate data feeds (Data Feeds), proprietary fixed income benchmarks, custom portfolio risk analytics, and algorithmic execution management systems (Portware), delivering gross software margins above 52% and consistent free cash flow conversion.
FactSet Acquisitions FAQ
Does FactSet Research Systems acquire other companies?
Yes, FactSet Research Systems executes targeted acquisitions to integrate complementary technologies, expand intellectual property, and enter new market verticals.
What is FactSet Research Systems's acquisition strategy?
FactSet Research Systems focuses on bolt-on acquisitions that can be rapidly integrated into its core technology architecture and commercial distribution channels.
How does FactSet Research Systems fund its acquisitions?
Acquisitions are typically funded through cash from operations, revolving credit facilities, and strategic equity considerations.
What was one of FactSet Research Systems's notable acquisitions?
FactSet Research Systems has acquired specialized technology assets that enhance its core platform capabilities and expand its addressable customer base.
How does FactSet Research Systems handle post-merger integration?
By migrating acquired codebases into its unified cloud infrastructure and retaining key engineering talent within specialized innovation pods.
Are acquisitions a primary or secondary growth driver?
Inorganic growth is secondary to robust organic product development, serving as a tactical accelerator for specific strategic capabilities.
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Core profile pages, founders and related research hubs for this company.