FactSet Research Systems Inc. - Introduction

Introduction

601 Merritt 7
Norwalk, Connecticut 06851
U.S.A.
Telephone: (203) 810-1000
Fax: (203) 810-1001
Web site: http://www.facset.com

Public Company
Incorporated: 1978 as FactSet Research Corporation
Employees: 1,000
Sales: $251.9 million (2004)
Stock Exchanges: New York
Ticker Symbol: FDS
NAIC: 518111 Internet Service Providers

FactSet Research Systems Inc. is a Norwalk, Connecticut-based company that provides global financial and economic information and analytics, combining more than 200 databases into a single source—covering stock markets, company data, government information, and outside research, as well as proprietary material. The information is delivered online from mainframe computers to the desktop PCs of a select roster of 1,400 institutional subscribers able to afford the pricey service, such as investment managers, wealth managers, investment bankers, law firms, and corporations. FactSet also provides tools and training to allow customers to manipulate the data for analysis and reports. Only a small portion of the business is content, about 10 percent, but in recent years the company has attempted to move beyond its delivery model by acquiring several niche content providers, thus transforming FactSet from a financial data integrator into a solution provider. In addition to its Connecticut headquarters, FactSet maintains operations in New Hampshire, Virginia, Europe, and the Pacific Rim. FactSet is a public company listed on the New York Stock Exchange.