Berkshire Global Advisors acted as financial advisor to idaciti
Seller Details:
idaciti applies a “taxonomy-first” approach to structuring data from company disclosures, regulatory filings and proprietary document repositories to deliver actionable insights. The Company combined management’s data management expertise with machine learning-assisted technology to capture and standardize data at an exceptional level of granularity, quality and speed. The AI-powered platform uses a modern collection workflow for both structured and unstructured content to connect data discovery, normalization, and quality assurance in a single, iterative process.
Buyer Details:
FactSet (NYSE:FDS) offers a digital platform to deliver financial data, analytics and open technology to over 185,000 professionals worldwide. The Company’s flexible, next-generation workflow solutions and content are depended on by both buy-side and sell-side users including wealth managers, private equity firms and corporations.
Transaction Summary:
On July 11, 2023, idaciti agreed to be acquired by FactSet. idaciti’s innovative data structuring and collection technology will complement FactSet’s premier, global financial platform by leveraging its machine-learning capabilities. The acquisition is expected to accelerate the time-to-market for delivering critical data to its users.