FactSet Research Systems, a Connecticut-based supplier of financial data to investment firms, has acquired europrospectus.com limited, a UK provider of online equity, fixed income and derivatives prospectuses for £7.5 million in cash.
Formed in 1997, europrospectus.com provides a searchable online library of debt, equity, derivative and M&A prospectuses.
The service offers full text, clause and field searching on debt, equity and warrant prospectuses, pricing supplements and M&A transactions.
The global, Web-based service is used by investment banks, law firms, asset managers and other professionals in the international capital markets.
The company currently has annual revenues of $3.0 million and has 29 employees.