FactSet Sells RMS Partners Business to BlueMatrix: Enhancing Financial Data Management Capabilities

FactSet Research Systems has sold its RMS Partners business to BlueMatrix. FactSet provides financial data management and analysis platform for investors, asset managers, private equity companies, and finance professionals. The platform provides financial data and market information on securities markets, companies, and industries to enable clients to identify and find investment opportunities. As of August 2024, FactSet had over 216,381 users, with net sales distributed geographically across the Americas, Europe/Middle East/Africa, and Asia/Pacific.

FactSet Research Systems, Inc. (FDS), a leading provider of financial data management and analysis platforms, has sold its RMS Partners business to BlueMatrix. The transaction is part of FactSet's strategic effort to streamline its operations and focus on its core competencies. The sale comes amidst a period of significant growth and expansion for FactSet, which has been integrating advanced technologies into its offerings to enhance its services.

FactSet's platform provides financial data and market information on securities markets, companies, and industries, enabling clients to identify investment opportunities and manage their portfolios effectively. As of August 2024, the company had over 216,381 users, with net sales distributed geographically across the Americas (64.4%), Europe/Middle East/Africa (25.6%), and Asia/Pacific (10%) FactSet Says Analyst Reports From JP Morgan, Barclays Added to Its Aftermarket Research Offering^[2].

The sale of RMS Partners to BlueMatrix signifies a strategic move for FactSet, allowing it to concentrate on its primary business of delivering comprehensive financial data and advanced analytics solutions. BlueMatrix, a company specializing in financial technology, will integrate RMS Partners' capabilities into its offerings, potentially expanding its service portfolio and enhancing its competitive position.

FactSet's commitment to technological innovation and personalized client support has positioned it as a trusted partner in the financial technology sector. The company's ability to deliver cutting-edge solutions and maintain a strong client focus has been a key factor in its success. The sale of RMS Partners is expected to further bolster FactSet's financial position, allowing it to invest in its core technologies and expand its market reach.

In conclusion, the sale of RMS Partners to BlueMatrix is a strategic move that aligns with FactSet's focus on its core competencies. The transaction underscores the company's commitment to technological innovation and personalized client support, positioning it as a leading provider in the financial technology industry.