FactSet Research Systems announced today that it has acquired Code Red.
The provider of research technology to the investment community will be added to FactSet’s existing research management solution (RMS).
Code Red currently services asset managers and wealth funds, enabling them to combine research and data from multiple systems into a standard investment process.
The latest acquisition by FactSet follows a strong start to the US-based multinational’s fiscal year, with revenue growth and profits up.
"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.