Berkshire Global Advisors acted as financial advisor to idaciti
idaciti applies a “taxonomy-first” approach to structuring data from company disclosures, regulatory filings and proprietary document repositories to deliver actionable insights. The Company combined management’s data management expertise with machine learning-assisted technology to capture and standardize data at an exceptional level of granularity, quality and speed. The AI-powered 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.
FactSet (NYSE:FDS) offers a digital platform to deliver financial data, analytics and open technology to over 185,000 professionals worldwide. The Company’s flexible, next-generation workflow solutions and content are depended on by both buy-side and sell-side users including wealth managers, private equity firms and corporations.
On July 11, 2023, idaciti agreed to be acquired by FactSet. idaciti’s innovative data structuring and collection technology will complement FactSet’s premier, global financial platform by leveraging its machine-learning capabilities. The acquisition is expected to accelerate the time-to-market for delivering critical data to its users.