FactSet to Acquire U.K.-Based StreamVPN for £13 Million

New York -- FactSet Research Systems, a U.S.-based supplier of
computer-based financial and economic data for the investment
community, announced that it has agreed to acquire StreamVPN, a
U.K.-based provider of research tools for equity research, for
approximately £13 million. StreamVPN's main offering is a technology
for filtering, tracking and evaluating investment strategies. Based in
London, StreamVPN has offices in New York and Hong Kong. "The
creation of the new Alpha Metrics unit and the integration of
StreamVPN's Alpha products into FactSet's core offerings
complements our breadth of premium research content and analysis and
underscores our commitment to provide even stronger links between
the buy-side and sell-side users within our existing client base," said
FactSet Senior Vice President Michael Frankenfield.
http://www.ssctech.com/about/press.asp?N=222