Buy-Side Technology Awards 2017: Best Overall Buy-Side Technology Provider, 2017—FactSet
![BestOverallBuySideTechnologyProvider2017,FactSet](/sites/default/files/styles/landscape_750_463/public/2017-12/BestOverallBuySideTechnologyProvider2017%2CFactSetLR.jpg.webp?itok=VxYWSaUD)
As has become a tradition in these awards, the final category of the 35 on offer and the second of only two to be announced on the afternoon of the November 3 awards luncheon, held at the May Fair Hotel in London, is that of the technology provider of the year. Last year it was UBS Delta—now bedded down in the StatPro stable—who joined the list of past winners of this category, which includes Advent Software (now part of SS&C Technologies), Charles River Development, Eze Software Group, Fidessa, Algorithmics (now part of IBM), and last year’s recipient, RIMES Technologies. FactSet is now part of that exclusive club, thanks to wins in two individual categories—best performance measurement and attribution product and best data analytics tool—and strong showings in three others: best client reporting platform, thanks to its Vermilion offering, best implementation at a buy side firm, and best data provider to the buy side.
It’s fair to say that FactSet has had a busy last 12 months. On December 20 last year, it announced that it had acquired Vermilion Software—the last-standing independent client reporting specialist focusing on the buy side after SimCorp snapped up Equipos in February 2014—although its most noteworthy move of the last year came some three months later when it acquired performance measurement and attribution specialist BISAM, a firm that has dominated the performance category in these awards for the past decade. Then, just a fortnight later it announced that it had acquired the Interactive Data Managed Solutions business from Intercontinental Exchange (ICE). Not bad for four-month spending spree.
In the final reckoning, however, FactSet didn’t have it all its own way: SimCorp won four individual categories in this year’s awards, but it was FactSet’s strong showing in the three categories that it didn’t quite manage to win that swung the vote in the end. Make no mistake, FactSet’s acquisition of BISAM is huge move —BISAM has an impressive buy-side pedigree, underlined by its enviable client list and retention record, factors that the parent company will no doubt seek to capitalize on. Add to that Vermilion’s highly thought-of Vermilion Reporting Suite and you have the makings of a highly effective buy-side middle-office provider, and one that deserves this year’s highest profile award.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Sell-Side Technology Awards 2024 winner’s interview: Broadridge
In this year’s Sell-Side Technology Awards, Broadridge Financial Technology won Best outsourcing provider to the sell side thanks to its hugely successful business process outsourcing offering
Waters Rankings 2024: Best market risk solution provider (highly commended)—FactSet
Product/service: FactSet Multi Asset Class Risk Solutions
Waters Rankings 2024: Best portfolio management system provider (highly commended)—FactSet
Product/service: FactSet PM Hub
Waters Rankings 2024 winner’s interview: IPC Systems
IPC Systems won the Best cloud infrastructure provider category in this year’s Waters Rankings. Tim Carmody, CTO of IPC, discusses his firm’s recent success in the rankings
Waters Rankings 2024 winner’s interview: Vneuron
Vneuron Risk & Compliance won the best AML compliance solution provider category in this year’s Waters Rankings.
Waters Rankings 2024 winner’s interview: Cloud9
Cloud9, part of Symphony, won Best trading floor communication system provider category in this year’s Waters Rankings.
Waters Rankings 2024 winner’s interview: AI Risk
New York-based AI Risk won the Best cyber security provider category in this year’s Waters Rankings.
Waters Rankings 2024: Best performance measurement and attribution system provider—FactSet
Product/service: FactSet Performance Solutions