FactSet Acquires Interactive Data Managed Solutions Business

The deal will help FactSet bolster its global wealth management offering, while ICE deemed the Managed Solutions business non-core to its overall data plans.

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Interactive Data Managed Solutions (IDMS), which has more than 300 employees across 14 offices in Europe and the United States, offers real-time market data desktops, customizable web portals and mobile solutions.

"Wealth management is an area of strong, continued growth for FactSet, and the IDMS acquisition adds significant scale," says FactSet chief executive Phil Snow in a statement. "With the IDMS business, we establish ourselves as a leading end-to-end provider of solutions for the wealth

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