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FactSet Acquires Cabot Investment Technology, Inc.

July 16, 2021

NORWALK, Conn., July 16, 2021 - FactSet (NYSE:FDS) (NASDAQ:FDS), a global provider of integrated financial information, analytical applications, and industry-leading service, announced that it has acquired Cabot Investment Technology Inc., an analytics platform that drives a novel category of portfolio analytics to support behavior-based insights, quantification of skills, and the visualization of investment processes. Cabot’s software is used to support both asset managers as well as asset owners.

Founded in 2004 and headquartered in Boston, Cabot uses proprietary patented analytics to help equity portfolio managers and research analysts better understand their skills, investment processes, and behavioral tendencies so they can apply pinpoint refinements to the way they buy, sell, and size assets. Cabot clients typically experience a performance improvement of more than 150 basis points during their initial three years of engagement. In addition to generating stronger results, these investment professionals gain deeper self-awareness, streamline their investment processes, and build stronger relationships with their investor-clients aided by compelling charts, graphs, and other communication tools.

“Cabot’s behavioral analytics combined with FactSet’s Portfolio Analysis and Portfolio Manager Platform will create a unique and industry-leading offering, revealing behavioral insights into buy and sell decisions across multiple variables,” said Rob Robie, Executive Vice President, Global Head of Analytics and Trading, FactSet. “We see tremendous opportunity to better support the workflows and decision-making of future and existing institutional asset management and asset owner clients.”

“Cabot is very excited to become part of the FactSet solution set,” said Mike Ervolini, founder and former CEO, Cabot. “Our combining forces means that FactSet clients around the globe will have more ready access to the powerful and unique analytics developed by Cabot over the past fifteen years. This represents an important advancement for the active management industry.”

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