FactSet, a global provider of integrated financial information, analytical applications, and industry-leading service, announced that it has agreed to acquire Interactive Data Managed Solutions (IDMS) from Intercontinental Exchange (NYSE:ICE) for cash consideration. With more than 300 employees across 14 offices in Europe and the United States, IDMS is a leading managed solutions and portal provider for the global wealth management industry.

IDMS supports the wealth management marketplace across a variety of workflows and functions, from advisors to their clients. IDMS offers real-time market data desktops, customizable web-based portals, and a broad range of mobile solutions. The transaction is expected to close during FactSet’s third quarter of fiscal 2017 and have an immaterial impact to diluted EPS. No regulatory approvals are required.

Source: FactSet Press Release