FactSet Buys ESG Data Company Truvalue Labs
Posted on 10/21/2020
Financial data giant FactSet signed a deal to buy Truvalue Labs, Inc., an environmental, social, and governance (ESG) data company. The transaction is expected to close later this year and is not expected to have a material impact on FactSet’s fiscal 2021 results. Truvalue Labs joined the Open:FactSet Marketplace in 2018 and found success in gaining clients.
Truvalue Labs was formed in 2013 and is based in San Francisco. The company uses its programs to view over 100,000 unstructured text sources in 13 languages, including news, trade journals, and nongovernmental organizations and industry reports, to provide daily signals that identify positive and negative ESG behavior.
