Factset & With Intelligence Make Acquisitions

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Factset acquires LiquidityBook for $246m in cash! This is one of those safe, no-brainer moves for Factset. You get an OMS platform that already integrates with the workstation for a small amount of cash. Bloomberg has done a great job over the years making their terminal sticky with OMS, POMS, SSEOMS, etc., and trading integrations and Factset is doing the same.

“LiquidityBook provides cloud-native trading solutions to hedge fund, asset and wealth management, outsourced trading, and sell-side middle office clients and operates a proprietary FIX network that enables streamlined connectivity to over 200 brokers and order routing to more than 1,600 destinations across 80 markets globally”

In other news, WithIntelligence acquires The Deal. WithIntelligene has been making a bunch of acquisitions and The Deal was a good source of M&A and PE deal data. Who is The Deal?

In 1999, legendary dealmaker Bruce Wasserstein launched The Deal to report on the news, people, and tactics surrounding the deal economy – a set of interrelated deal activities driving corporate growth in a continually changing global market. Today, The Deal, along with sister company PrivateRaise, continues Bruce’s legacy by delivering first-in-class intelligence and data.

Through a focus on the core pillars of activism, mergers and acquisitions, private equity, and restructuring, The Deal empowers both dealmakers and advisers with the tools and information they need to succeed. Across their unique lineup of products, including league tables, special reports, alerts, people coverage, company databases, articles, and email newsletters, their team of journalists, data analysts, and product developers strive to bring daily coverage and analysis of the deal economy’s people and firms to a diverse audience.

One asset WIthIntelligence didn’t grab from Delinian is BoardEx which I think is the more valuable data asset. As Delinian offloads more and more of their assets, let’s see what is next!

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