FactSet Research Systems (FDS) said Monday it acquired LiquidityBook, a cloud-native trading solutions provider, for $246.5 million in cash.
FactSet and LiquidityBook had previously partnered to integrate LiquidityBook's order management system into FactSet's platform.
The acquisition, which closed on Feb.7, was funded through FactSet's existing revolving credit facility and is expected to be "modestly dilutive" to its fiscal 2025 GAAP and adjusted EPS, FactSet said.
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