FactSet pays $205M for performance-management firm BISAM

|About: FactSet Research Systems Inc. (FDS)|By:, SA News Editor

FactSet (FDS +1.1%) has acquired BISAM Technologies, a provider of portfolio performance measurement, in a $205.2M deal.

The company acquired BISAM from Aquiline Capital Partners and company insiders.

FactSet borrowed $575M in revolving credit for the deal and repayment of existing debt. It's expecting the deal to be accretive by $0.02 to adjusted EPS (and $0.06 to GAAP diluted EPS) for the rest of fiscal 2017.

BISAM has more than 160 employees and annual revenues over $28M, and provides performance and attribution, multi-asset risk, GIPS composites management and reporting.

FactSet will discuss the deal, after a quiet period, in its March 28 earnings call at 11 a.m. ET.