M&A Deal Summary

FactSet Research Acquires Irwin

On October 28, 2024, FactSet Research acquired software company Irwin from K1 Investment Management

Acquisition Highlights
  • This is FactSet Research’s 5th transaction in the Software sector.
  • This is FactSet Research’s 1st transaction in Canada.
  • This is FactSet Research’s 1st transaction in Ontario.

M&A Deal Summary

Date 2024-10-28
Target Irwin
Sector Software
Buyer(s) FactSet Research
Sellers(s) K1 Investment Management
Deal Type Add-on Acquisition

Target

Irwin

Toronto, Ontario, Canada
Irwin provides investor relations software to public companies, investor relation consultancies, and investment banks. The company's software helps customers identify new investors, manage current relationships, and track the output of their IR initiatives. Its end-to-end platform includes a CRM and native communications tool. Irwin was founded in 2017 and is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

FactSet Research

Norwalk, Connecticut, United States

Category Company
Founded 1978
Sector Information Services
Employees12,262
Revenue 2.2B USD (2024)
DESCRIPTION
FactSet's corporate headquarters in Norwalk, Connecticut.
FactSet's corporate headquarters in Norwalk, Connecticut.

FactSet Research is a global provider of financial information and analytics. Users can access company and industry intelligence as well as monitor performance with desktop analytics, mobile applications, and data feeds. FactSet Research was incorporated in 1978 and is based in Norwalk, Connecticut.


DEAL STATS #
Overall 23 of 25
Sector: Software M&A 5 of 6
Type: Add-on Acquisition M&A Deals 18 of 20
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-12 idaciti

New York, New York, United States

idaciti is an innovator in data structuring and collection technology that applies a “taxonomy-first” approach to structuring information from company disclosures, regulatory filings, and proprietary document repositories. It has combined this expertise with machine learning-assisted technology to capture and standardize data at an exceptional level of granularity, quality, and speed. The platform uses a modern collection workflow for both structured and unstructured content to connect data discovery, normalization, and quality assurance in a single, iterative process. idaciti was formed in 2015 and is based in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-10 LiquidityBook

New York, New York, United States

LiquidityBook is a SaaS-based provider of buy- and sell-side trading solutions, including order management, portfolio management, execution management, FIX network connectivity, compliance, and pre-and post-trade processing. LiquidityBook was founded in 2005 and is based in New York, New York.

Buy $247M

Seller(S) 1

DESCRIPTION

K1 Investment Management, LLC is a West Coast US-based private equity firm investing in high-growth private companies across North America. The Firm has a special interest in enterprise software companies and looks to provide meaningful strategic and operational guidance when working with portfolio companies. K1 Investment Management was established in 2011 and is headquartered in El Segundo, California.


DEAL STATS #
Overall 13 of 15
Sector: Software M&A 7 of 8
Type: Add-on Acquisition M&A Deals 6 of 8
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2024 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-10 Axcient

Denver, Colorado, United States

Axcient is a provider of Disaster Recover-as-a-Service (DRaaS) solutions that solves complicated technology problems with powerfully simple cloud solutions to enable businesses to run at their full potential. Axcient’s cloud-based disaster recovery and data protection platform empowers businesses of all sizes to operate with the resilience and agility of the enterprises while dramatically reducing data center footprint, complexity and cost. Axcient was founded in 2002 and is based in Denver, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-21 Subsplash

Dallas, Texas, United States

Subsplash is a provider of innovative technology and engagement tools for churches. The company serves churches in the U.S. with a suite of engagement tools through The Ultimate Engagement Platform™, which includes mobile apps, digital giving, websites, media delivery, and more. Subsplash was founded in 2005 and is based in Dallas, Texas.

Sell -