Skip to content
Subscriber Only

FactSet Research Agrees to Buy Portware for $265 Million in Cash

FactSet Research Systems Inc., a provider of data and analytical software to investment managers and banks, agreed to buy Portware LLC for $265 million in cash.

FactSet will fund the acquisition by expanding an existing revolving credit facility, the Norwalk, Connecticut-based company said Tuesday in a statement. The transaction is expected to be completed before the fiscal first quarter ends.