These days data information is important everywhere no matter where you look or what business you are in. Whether you are dealmaker researching a sector, or a consumer making a major decision. The theme of this Merger Monday is data-related acquisitions by strategic buyers.
Let’s start with the big one. FactSet, a provider of financial information and analytics, has acquired Cusip Global Services from S&P Global for about $1.9 billion. CGS manages a database of data instruments that it offers to its clients of larger financial institutions.
Companies and consumers need data that can predict future models to help them make better decisions. This is one of the several technologies that corporations have been adding as part of their digital transformation strategies.
News Corp is buying Base Chemicals from S&P Global and IHS Markit for $295 million. Base Chemicals offers pricing data, insights and forecasting services for chemicals. The target will become a part of Dow Jones‘ professional information business. News Corp believes there is demand for pricing data and other insights resulting from the transition to renewables and related structural changes in the broader chemical industry.
There is a lot of data out there and can get complicated to understand. But the good ones will ideally simplify things and make our jobs easier.
Are you looking to acquire data companies to help advance your business? Tell me about it: [email protected].
– Demitri Diakantonis