FactSet’s Acquisition Of TruValue Labs


Wilson Sonsini Goodrich & Rosati advised TruValue Labs, Inc. on the deal.

FactSet, a global provider of integrated financial information, analytical applications, and industry-leading service, announced that it has entered into a definitive agreement to acquire TruValue Labs, Inc., a pioneer in AI-driven environmental, social, and governance (ESG) data. The transaction is expected to close later this year and is not expected to have a material impact on FactSet’s fiscal 2021 results.

Founded in 2013 and headquartered in San Francisco, TruValue Labs applies AI-driven technology to 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. Its coverage spans over 19,000 public and private companies and generates short-term, long-term, and momentum scores derived from hundreds of signals. These signals are mapped against the Sustainability Accounting Standards Board (SASB) standards and United Nations Sustainable Development Goals (SDGs), allowing investors to evaluate ESG risk factors and real-world actions and impacts for quantitative analysis and back-testing.

The Wilson Sonsini team that advised TruValue Labs in the transaction included Rich Mullen (Picture), David Lee, Alan Sadler, Andy Hoffman, Mike Pestana, Kei Nishimura Drake, Chris Paniewski, Blair Nelson, Matt Staples, Daniel Chen, Michael O’Brien, Myra Sutanto Shen, Jessica Yeh, Brandon Gantus, Michael Klippert, Susan Reinstra and Sean Wilkinson.

Involved fees earner: Daniel Chen – Wilson Sonsini Goodrich & Rosati; Kei Nishimura Drake – Wilson Sonsini Goodrich & Rosati; Brandon Gantus – Wilson Sonsini Goodrich & Rosati; Andrew Hoffman – Wilson Sonsini Goodrich & Rosati; Michael Klippert – Wilson Sonsini Goodrich & Rosati; Rich Mullen – Wilson Sonsini Goodrich & Rosati; Blair Nelson – Wilson Sonsini Goodrich & Rosati; Michael O’Brien – Wilson Sonsini Goodrich & Rosati; Christopher Paniewski – Wilson Sonsini Goodrich & Rosati; Mike Pestana – Wilson Sonsini Goodrich & Rosati; Susan Reinstra – Wilson Sonsini Goodrich & Rosati; Alan Sadler – Wilson Sonsini Goodrich & Rosati; David Seoho Lee – Wilson Sonsini Goodrich & Rosati; Matt Staples – Wilson Sonsini Goodrich & Rosati; Myra Sutanto Shen – Wilson Sonsini Goodrich & Rosati; Sean Wilkinson – Wilson Sonsini Goodrich & Rosati; Jessica Yeh – Wilson Sonsini Goodrich & Rosati;

Law Firms: Wilson Sonsini Goodrich & Rosati;

Clients: TruValue Labs Inc.;

Author: Ambrogio Visconti