San Mateo, Calif., October 20, 2008 - FirstRain®, the leading provider of search-driven research for investment professionals, today announced the availability of FirstRain within the FactSet Research Systems (NYSE:FDS) real-time market data platform, FactSet Marquee.
"Prices react rapidly to new marketplace information, so it's important to have as much of that information as possible. FirstRain consolidates hard-to-find data from the web on our portfolios, sectors, and industries," said Clinton Anderson of Meritage Portfolio Management. "Integrating FirstRain with the analysis I do in FactSet provides a more complete picture of the market."
The partnership improves the research process by making it easy to incorporate findings from non-traditional sources such as blogs, industry publications, and local news as well as new unique web analytics, such as Management Turnover trends, as part of idea generation and portfolio monitoring. All users of FactSet Marquee will gain access to web results from FirstRain, and clients of both firms will be able to utilize the full FirstRain platform from within their existing FactSet workflow.
"With more than 100 firms as our clients now, we have many clients in common with FactSet. As a result of this important relationship our shared clients will now have a seamless way to use web results and analytics in their research process within FactSet" added Penny Herscher, President and CEO of FirstRain. "We are delighted to partner with FactSet to enable their users to gain access to the FirstRain information edge integrated with Marquee."
FirstRain changes the rules of research by applying state-of-the-art search, extraction and pattern detection technology to the web. As the leader in search-driven research, FirstRain products provide institutional investors and corporate executives with a powerful information advantage by uncovering information that they would not otherwise see. FirstRain is a privately held company with more than 150 employees, headquartered in San Mateo, Calif., with additional offices in New York, NY and Gurgaon, India. Contact FirstRain at www.firstrain.com. Visit Penny Herscher's blog, Market Mine, at http://pennyherscher.blogspot.com.
Ogilvy Public Relations