NORWALK, Conn., March 1, 2010 (GLOBE NEWSWIRE) -- FactSet Research Systems (NYSE:FDS) (Nasdaq:FDS), a leading provider of integrated financial information and analytical applications to the global investment community, today announced a partnership with The Wall Street Transcript, whose MeetMax CAM software is a leading provider of meeting and event management tools for investment banks. Under the agreement, sell-side clients of The Wall Street Transcript (TWST) can deliver complete and accurate records of their Corporate Access and Analyst Meeting activity to their buy-side clients through the FactSet platform.
TWST data will serve as an excellent complement to FactSet's already extensive event and research management tools. Alongside the fully integrated TWST data, FactSet users can add notes on the meetings they attended, score meetings, and analyze meeting data. By connecting TWST's sell-side corporate access data with FactSet analytics, buy-side clients can quickly see who is contributing to their process and compensate appropriately for that.
Eric Weitzman, Vice President, Product Development at FactSet, says that with the additional data, FactSet's buy-side clients will be able to "view all meetings set up by brokers to easily reconcile and score meetings for broker vote and compensation, and, for compliance, be able to pinpoint holding changes that occurred directly after meeting with the company."
Andy Pickup, CEO of The Wall Street Transcript explains, "Corporate Access is a vital component of the buy-side's investment process. The buy-side wants to track this information and to allocate appropriate payment for it -- but they need the correct data to do it. Many sell-side firms have found it difficult to provide this data in a timely and accurate manner. Well, now they can."
About FactSet
FactSet combines integrated financial information, analytical applications, and client service to enhance the workflow and productivity of the global investment community. The company, headquartered in Norwalk, Connecticut, was formed in 1978 and now conducts operations along with its affiliates from more than twenty-three locations worldwide, including Boston, New York, Chicago, San Mateo, London, Amsterdam, Frankfurt, Paris, Milan, Tokyo, Hong Kong, Mumbai, and Sydney. For more information, contact FactSet Research Systems Inc., at www.factset.com.
About The Wall Street Transcript
The Wall Street Transcript operates three divisions serving the financial markets. The MeetMax software division provides registration and meeting scheduling tools to help more than 50 banks manage investor conferences. MeetMax CAM helps banks run roadshows, and it helps them aggregate all corporate access and analyst marketing data for Client reporting purposes. TWST's webcasting division specializes in investor-related and live-event webcasting, specializing in webcasting services to investor conferences and company analyst day events. The Wall Street Transcript publication division has been interviewing CEOs of Public Companies, Money Managers, and Equity Analysts for more than 40 years. The Wall Street Transcript, with over 30,000 interviews online and searchable at our website, is the premier source for first hand investment intelligence. For more information on MeetMax CAM go to http://www.twst.com/corpaccess.html.