FactSet and Portware Named Best M&A Deal by Markets Media
New York, February 26, 2016—Portware, a FactSet company and the first and only global provider of multi-asset trade automation solutions powered by artificial intelligence, today announced that Markets Media has recognized Portware and FactSet Research Systems Inc. (NYSE: FDS | NASDAQ: FDS), with the Markets Choice Award for Best M&A Deal.
First announced on September 22, 2015, the transaction enables FactSet to support client workflows in additional segments of the investment process. Portware is an award-winning, multi-asset execution management system (EMS) that is trusted by the world’s largest asset managers. Together, FactSet and Portware provide the investment community with state-of-the-art analytic and execution applications across the portfolio lifecycle, from analyst to portfolio manager to trader.
The winners of the 2016 Markets Choice Awards were selected by Markets Media’s advisory board and recommendations from market participants and readers. The Markets Choice Awards select “the best of the best” among sell-side desks, institutional buy-side investors, technology providers, hedge funds and exchanges.
“FactSet and Portware share a commitment to delivering exceptional client experience and continuous innovation, and we knew our similar approaches would provide measurable value to our clients,” said Alfred Eskandar, CEO, Portware. “We are excited and humbled that the industry has recognized the significance this transaction holds for the global investment community.”
FactSet, a leading provider of financial information and analytics, helps the world’s best investment professionals outperform. More than 62,000 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. FactSet 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 on Twitter: www.twitter.com/factset.
Founded in 2000, Portware LLC is the financial industry’s leading developer of broker-neutral trading solutions for global equities, futures, options and FX. With offices in New York, London, Hong Kong and Hyderabad, Portware works in partnership with its clients to create highly integrated solutions to streamline workflows and increase operational efficiencies on trading desks worldwide. Portware’s flagship product, Portware Enterprise, is a fully customizable trade management and execution system for single stock, portfolio, basket, automated and algorithmic trading. For more information, please visit www.portware.com