Quayle Munro is pleased to announce that it has advised FactSet, a global provider of integrated financial information, analytical applications, and industry-leading service, on its acquisition of BISAM Technologies S.A. (“BISAM”), a leading provider of portfolio performance and attribution, multi-asset risk, GIPS composites management and reporting. BISAM was acquired from Aquiline Capital Partners and company insiders at a valuation of $205.2 million.
Many of the world's largest asset managers use BISAM’s software to evaluate and enhance their investment strategies and better serve their clients. B-One, BISAM’s award-winning, market-leading cross-asset solution, has emerged as the leading software solution for performance measurement and is an outstanding complement to both FactSet’s portfolio analytics suite and client reporting solutions. Simultaneously, its Cognity product (originally owned by FinAnalytica) enhances FactSet’s risk analysis for derivatives and quantitative portfolio construction.
Christophe Volard, Global Head of Product Development, Performance & Attribution, and a co-founder of BISAM said: “Joining FactSet provides BISAM with an exciting opportunity to create scale and bring our industry-leading performance and risk systems to a broader market. Together, we expect to offer significant advantages to our mutual and respective clients, while creating a collaborative, global environment for our employees.”
Maurizio Nicolelli, SVP, Chief Financial Officer, FactSet said: “We would like to thank Quayle Munro for their support in this transaction. Their in-depth sector expertise and ability to access key stakeholders was extremely helpful in reaching a successful conclusion.”
This transaction continues Quayle Munro’s strong track record in the financial technology sector with recently completed transactions involving Pirum, 4Sight Financial Software, FXCM and Message Automation.