Sole Source Justification_50310224P0013_Redacted.pdf

Fully consistent and accurate identification of third-party entities involved as legal and financial advisers or in other capacities across all records in the data;

Simple extraction of individual third-party entities involved as advisers or in other capacities o reporting of multiple third-party entities in the same field would complicate extraction of individual entities o data containing the information about third-party entities involved should generally have one row for each adviser/deal tuple and include a master deal number that ties the third-party to the respective announcement/rumor

The following data elements:

o Initial Rumor and Public Disclosure Data(s) o Follow-up Disclosure Date(s) o Termination Date o Deal Size o Commonly-used target company and ultimate parent identifiers and efficient and effective means of intersection with other widely-used sources of public company data (CUSIP is strongly preferred) o Commonly-used acquiring company and ultimate parent identifiers and efficient and effective means of intersection with other widely-used sources of public company data (CUSIP is strongly preferred) o Financial Advisers to Target and Financial Advisers to Acquirer o Legal Advisers to Target, Legal Advisers to Acquirer, Legal Advisers to Target

Financial Advisers and Legal Advisers to Acquirer Financial Advisers o Other third-party organizations and individuals that were exposed to information about potential transactions before the transactions’ public disclosure Licensing arrangements permitting o Integration of the product’s data with SEC-proprietary data and other publicly-available data sources in the an SEC data mart or data warehouse; and o An unlimited number of total SEC users and at least 50 concurrent users to query the SEC data mart or data warehouse that is populated in the part by data from the product

The SEC intends to award for a Base Period of 12 months and four Option Periods of 12 months. The total estimated value is .

4. An Identification of the statutory Authority for Other Than Full and Open Competition:

FAR Part 13.5 in accordance with 41 U.S.C. 1901, only one responsible source and no other supplies or services will satisfy agency requirements.

5. A demonstration that the proposed contractor’s unique qualifications or the nature of the acquisition requires use of the authority cited:

Refinitiv US LLC is the only known source that has a subscription product that meets all of the SEC’s data requirements in the format required by the SEC, including a mechanism that allows for easy ingestion of the data into internal SEC applications. Refinitiv’s data has also been found to be the most comprehensive compared to other sources reviewed. There are other sources that provide merger and acquisitions data but the data was not as comprehensive when compared to Refinitiv, and the formatting of the data did not allow for easy ingestion into other systems. Therefore, Refinitiv US LLC is determined the only source capable of fully meeting the SEC’s requirements.

6. A description of efforts made to ensure that offers are solicited from as many potential sources as is practicable, including whether a notice was or will be publicized as required by Subpart 5.2 and, if not, which exception under 5.202 applies.

The SEC Office of Acquisitions (OA) has posted a Synopsis on SAM.gov in accordance with FAR 5.201 that provides notification of the SEC’s intent to award a sole source procurement to Refinitiv US LLC for this requirement. The SEC will review any responses received.

7. A determination by the contracting officer that the anticipated cost to the Government will be fair and reasonable.

The Contracting Officer determines that the anticipated price will be fair and reasonable based on review of market research price estimates.

8. A description of the market research conducted (see part 10) and the results or a statement of the reason market research was not conducted.

The SEC conducted market research by reviewing prior procurement history and found that Refinitiv US LLC was the only source in the past found to meet all of the SEC’s requirements. Additionally, the SEC conducted internet/business database searches and found Refinitiv’s M&A data was widely quoted as an authoritative source in academic and business journals for developments in the M&A area. The SEC also posted Sources Sought Notice 50310224Q0004 and only received one response, which was submitted by Refinitiv US LLC.

The SEC found that Refinitiv US LLC is the only source that can meet the SEC’s requirements based on the market research that was conducted.

9. Any other facts supporting the use of other than full and open competition:

None.

10. A listing of the sources, if any that expressed, in writing an interest in the acquisition:

A listing of any sources that express interest in this acquisition will be maintained in the contract file.

11. A statement of the actions, if any, the agency may take to remove or overcome any barriers to competition before any subsequent acquisition for the supplies or services required:

The SEC will perform market research for future acquisitions for the purpose of verifying the sole source nature of this requirement.

12. Required Signatures:

TECHNICAL & REQUIREMENTS CERTIFICATIONS: I certify that the facts and representations which form the basis for this justification are accurate and complete.

CONTRACTING OFFICER CERTIFICATION: I certify that this justification is accurate and complete to the best of my knowledge and belief.