FactSet Research Systems Inc. (NYSE: FDS) has purchased Bisam Technologies S.A., a software analytics company for the financial services sector, from private equity firm Aquiline Capital Partners. The deal is valued at approximately $205.2 million.
Bisam, based in Paris, provides digital tools for the asset management industry. The target’s software, called Cognity, offers a variety of services including: multi-asset portfolio analytics, performance data, market risk analysis, portfolio construction for multi-asset portfolios. The target uses its software technology to measure asset performance, stress-testing and to provide scenario analysis.