SIX today announced that it has acquired a majority stake in FactEntry, a global provider of fixed income reporting data, analytics and solutions for financial market participants.
This strategic acquisition significantly enhances SIX’s data offering and aligns with its clients’ desire for the company to expand its global fixed income footprint.
The acquisition was completed yesterday, March 27, 2024. The financial terms and details of the transaction structure were not disclosed.
FactEntry’s comprehensive fixed income datasets, including reference, corporate action and pricing data, will complement SIX’s existing multi-asset data capabilities, enabling the firm to provide an even more comprehensive and unified data offering to its clients. This expansion will further strengthen SIX’s position as a global leader in financial data and analytics.
“The acquisition of FactEntry is an important step forward in our strategic growth plans,” said Marion Leslie, Head of Financial Intelligence and member of the SIX Executive Board. “FactEntry’s expertise and data offerings will greatly enhance our fixed income data capabilities and enable us to deliver even greater value to our clients.”
The acquisition of FactEntry also brings valuable expertise in data collection and processing, which will accelerate SIX’s time to market for new products and services. This expertise adds to SIX’s ability to deliver regulation-ready content and will support the enhancement of ESG, fund and index content, further expanding the firm’s reach across the financial industry.
“This acquisition represents a significant milestone in our plans to expand the breadth and depth of our content across multiple assets,” added Leslie. “By combining FactEntry’s expertise with our own, we are creating a truly compelling global multi-asset data provider for the front, middle and back office.”