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FactSet Acquires Code Red, Provider of Research Management Technologies
February 9, 2015
NORWALK, Conn., Feb. 9, 2015 (GLOBE NEWSWIRE) -- 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.
FactSet, a leading provider of financial information and analytics, helps the world's best investment professionals outperform. More than 55,500 users stay ahead of global market trends, access extensive company and industry intelligence, and monitor performance with FactSet's desktop analytics, mobile applications, and comprehensive data feeds. The Company has been included in FORTUNE's Top 100 Best Companies to Work For, the United Kingdom's Great Places to Work and France's Best Workplaces. FactSet is listed on the New York Stock Exchange and NASDAQ (NYSE:FDS) (Nasdaq:FDS). Learn more at www.factset.com, and follow us on Twitter: www.twitter.com/factset.
About Code Red
Code Red, a global provider of investment research technology, enables firms to efficiently organize methods of research and contact management, data aggregation, due diligence, and compliance into an enterprise workspace that models a complete and repeatable investment process around proprietary workflows. The Code Red RMS™ is implemented at asset management firms, consulting firms, endowments and foundations, fund of funds, hedge funds, insurance companies, mutual funds, pension funds, private equity firms, and sovereign wealth funds. Learn more at www.coderedinc.com. Code Red Inc. was advised by DGZ Associates, Inc.
Contact: Rachel Stern FactSet Research Systems Inc.