FactSet
 |
|
| Public | |
| Traded as | : FDS S&P 400 Component |
| Industry | Computer Services |
| Founded | September 1978 |
| Founder | Howard Wille and Charles Snyder |
| Headquarters | Norwalk, Connecticut, U.S. |
|
Number of locations
|
43, in 18 countries |
|
Key people
|
F. Philip Snow (CEO) |
| Revenue |
 US$1.006 billion (FY 2015) |
|
US$331 Million (FY 2015) |
|
|
US$241 Million (FY 2015) |
|
| Total assets |
US$737 Million (FY 2015) |
| Total equity |
US$532 Million (FY 2015) |
|
Number of employees
|
8000+ (FY 2016) |
| Website | www |
FactSet Research Systems Inc., trading as FactSet, is a multinational financial data and software company headquartered in Norwalk, CT, United States. The company provides financial information and analytic software for investment professionals. For fiscal year 2015, FactSet's annual sales were $1.006 billion.
FactSet offers access to data and analytics to analysts, portfolio managers, and investment bankers at global financial institutions. The company does not offer products for individual investors. FactSet's business focuses on technology and client service. In addition to combining disparate databases, the company also develops its software. FactSet provides clients with consultants, telephone support, and training.
FactSet has been listed as one of Forbes’ "200 Best Small Companies". Its competitors include Bloomberg L.P., Thomson Reuters, S&P Capital IQ, and RSRCHX.
FactSet was founded by Howard Wille and Charles Snyder in 1978. Their partnership began in 1977 when the two were working on Wall Street at Faulkner, Dawkins & Sullivan.
As computers became more prominent at the end of the 1970s, Wille and Snyder thought that the industry was changing. When Shearson purchased Faulkner, Dawkins and Sullivan and the company started to expand, Wille and Snyder decided to set out on their own and test their idea for a company that could deliver computer-based financial information. At the time, companies had to purchase raw data directly from a vendor such as Compustat, then hire programmers to make the data user-friendly. Wille and Snyder’s vision would offer usable data directly to the client.
Originally, all data was delivered to clients on paper, often by bike messenger. The first and namesake product was a program called "Company FactSet," which produced a four-page company analysis report using the Value Line database. Today, FactSet users connect to FactSet’s private network via WAN, Internet, and wireless devices.
In the early 1980s, FactSet employees numbered fewer than 10. In 1981, Snyder found a way to download data from the FactSet computer into Visicalc, meaning that clients could retrieve data from a database directly into a spreadsheet. For the first time, several steps in the process were eliminated, making the data download process dramatically quicker.
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Wikipedia