NEWS2 June 2010

FactSet buys financial survey specialist Market Metrics

M&A North America

US— Financial information and analytics firm FactSet Research Systems has acquired insurance and investment products survey specialist Market Metrics.

Market Metrics says it carries out around 20,000 in-depth interviews each year with financial advisors, brokers, research analysts and “gatekeepers”. It currently has annual subscriptions of $16m and employs 25 people.

FactSet chairman and CEO Philip Hadley (pictured) said: “Market Metrics is an exceptional example of a company providing unique content to the investment management industry, helping senior executives make important business decisions. We expect to deepen our relationships with our common clients by providing them an even broader range of powerful content and analytical services.”

Terms of the deal were not disclosed.