FactSet Acquires BCC Group, Its Data Partner Since 2021
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FactSet has acquired financial technology provider BCC Group International, adding a cloud-native market data distribution platform to a business that is increasingly extending beyond financial data into infrastructure, execution and AI-driven workflows. The transaction brings BCC Group's ONE Platform into FactSet's Real-Time Solution Suite, combining the German fintech's market data distribution technology with FactSet's real-time feeds, managed services and institutional client network. Financial terms were not disclosed, and FactSet said the acquisition is not expected to have a material effect on its financial results. The companies have worked together since 2021. The acquisition now gives FactSet direct control over technology designed to ingest, manage, entitle and distribute market data across public cloud, private cloud, hybrid and on-premises environments. That fits with FactSet's wider effort to make market data infrastructure a larger part of its institutional offering. Earlier this year, the company signed a multiyear market data agreement with Barclays , giving the bank wider access to FactSet's products while the companies collaborate on data and analytics strategy. The acquisition addresses a problem facing banks, asset managers and trading firms as their data requirements become more complex. Institutions increasingly need to combine exchange feeds...
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