Vermilion Software and Cymba Technologies acquired by FactSet
Factset in shopping spree
FactSet, a US-based provider of financial information and analytics software to the investment management industry, has completed two acquisitions. These are Vermilion Software, a client reporting and communications software specialist, and Cymba Technologies, which focuses on asset and investment management software and solutions.
Both acquired companies are based in the UK.
FactSet paid $67 million for Vermilion and $8 million for Cymba. Phil Snow, CEO of FactSet, describes the two purchases as “outstanding additions” to the company’s portfolio.
Vermilion’s global sales and marketing director, Simon Cornwell, believes there is a strategic and cultural fit between FactSet and Vermilion.
Karim Ali, managing partner at Cymba says his “entire team is excited about this transaction”.
