SIX announced that it has acquired a majority stake in FactEntry, a global provider of fixed income reference data, analytics, and solutions for financial market participants. This strategic acquisition significantly enhances SIX’s data offering and aligns with its customers’ desire for the company to expand its global fixed income footprint. Financial terms and deal structure details are not disclosed.
FactEntry’s fixed income data sets, including reference data and corporate actions, will complement SIX’s existing cross-asset data capabilities, enabling the company to provide an even more comprehensive and unified data offering. This expansion will further strengthen SIX’s position as a global leader in financial data and analytics.
“The acquisition of FactEntry is a significant step forward in our strategic growth plans,” said Marion Leslie, head Financial Information and member of SIX’s Executive Board, in a statement “FactEntry’s expertise and data offerings will greatly enhance our fixed income data capabilities and enable us to provide even greater value to our customers…By combining FactEntry’s expertise with our own, we are creating a truly compelling global cross-asset data provider for the front, middle, and back office.”
The acquisition is also expected to accelerate SIX’s time to market for new products and services. This expertise adds to SIX’s ability to provide regulation ready content and will support the enhancement of ESG, funds and index content, further expanding the company’s reach across the financial industry.