FactSet Strengthens Offerings with Irwin Acquisition
NORWALK, Conn. – FactSet (NYSE: FDS, NASDAQ: FDS), a leader in financial digital solutions, has made a significant move by agreeing to acquire Irwin, an innovative investor relations platform designed for public companies and their advisors.
This acquisition is a natural progression following a successful collaboration between FactSet and Irwin. Their partnership integrates Irwin's award-winning investor relations CRM with the FactSet Workstation, offering IR professionals a comprehensive tool to manage investor engagement and streamline corporate access efficiently.
Kristina Karnovsky, Executive Vice President at FactSet, highlighted the growing need for corporate issuers and their investor relations (IR) teams to maintain robust connections with the investment community. She stated, "Irwin's innovative platform will enhance our capacity to support our clients by offering them unprecedented access to vital market insights and data necessary for effective investor relationships."
Founded in 2017, Irwin has emerged as a modern solution for managing investor relationships. Based in Toronto, Canada, it provides a range of tools that help IR professionals with tasks such as investor targeting, shareholder monitoring, and analytics for better engagement.
David Whyte, CEO of Irwin, expressed enthusiasm about joining forces with FactSet, emphasizing the mutual commitment to enhancing transparency and efficiency in the capital markets. He remarked, "Our combined efforts will provide IR teams with essential tools and insights they need to boost their engagement with investors effectively."
Mark Fasken, COO of Irwin, echoed this commitment, stating, "This merger will allow us to create a solution that marries Irwin's top-tier investor relations tools with the rich dataset and analytics capabilities of FactSet—a blend that is crucial for the needs of modern public companies."
The acquisition marks a pivotal step in FactSet's strategy to enhance its offerings for IR and corporate professionals, allowing for a comprehensive suite of solutions tailored for the financial services industry. The deal is aimed at closing in FactSet's first quarter of fiscal 2025 and is not expected to have a significant impact on the company's financial results.
About FactSet
FactSet provides a powerful platform that aids the financial community in achieving its goals. With a commitment to delivering top-notch data, analytics, and technology, FactSet supports over 8,200 global clients, including wealth managers, private equity firms, and corporations. The company stands out for its integrated solutions that give clients the tools needed to succeed.
About Irwin
Irwin is dedicated to revolutionizing investor relations for public companies. Their purpose-built platform combines data and automation, allowing IR teams to focus on strategic engagements and relationship-building tasks. As it joins FactSet, Irwin aims to amplify its outreach and efficiency for its client base.
Future Prospects
Looking ahead, this acquisition positions FactSet and Irwin to simultaneously enhance their service offerings and introduce innovative solutions for the increasingly dynamic investor relations landscape. This collaboration is expected to not only benefit client companies but also improve overall market efficiency.
Contact Information
For further inquiries, FactSet's investor relations can be contacted via email at investor_relations@factset.com. Media inquiries can be directed to Megan Kovach at +1.512.736.2795, or through her email at megan.kovach@factset.com.
Frequently Asked Questions
What is the significance of FactSet acquiring Irwin?
The acquisition enhances FactSet's offerings for investor relations professionals, facilitating better engagement and providing comprehensive data solutions.
What year was Irwin founded?
Irwin was founded in 2017 and has built a reputation for its innovative investor relations platform.
How will this acquisition impact clients?
Clients will benefit from a streamlined and unified platform that combines Irwin's CRM capabilities with FactSet's extensive market data and analytics tools.
What is FactSet known for?
FactSet is known for providing financial data, analytics, and technology solutions to a wide range of clients in financial services, enhancing decision-making and operational efficiency.
Who can I contact for further details regarding this acquisition?
For inquiries, you can contact FactSet's investor relations at investor_relations@factset.com or reach out to media relations via Megan Kovach.
