FactSet: Acquires Cobalt Software
- FactSet creates flexible, open data and software solutions for tens of thousands of investment professionals around the world
- Announced that it has acquired Cobalt a leading portfolio monitoring solutions provider for the private capital industry
- This acquisition advances strategy to scale its data and workflow solutions through targeted investments
- The transaction closed on October 12, 2021, and is not expected to have a material impact on fiscal 2022 results
- There is a growing need for a complete workflow solution for general partners that connects differentiated data
- Cobalt offers a next-generation portfolio monitoring platform that enables private capital firms to efficiently collect, analyze
