Euromoney Institutional InvestorPLC Acquisition (5072Z)
24 Mayo 2021 - 1:00AM
UK Regulatory
TIDMERM
RNS Number : 5072Z
Euromoney Institutional InvestorPLC
24 May 2021
EUROMONEY INSTITUTIONAL INVESTOR PLC
ACQUISITION OF RELATIONSHIP SCIENCE
24 May 2021
Euromoney continues to expand People Intelligence capability
Euromoney Institutional Investor PLC ("Euromoney" or "the
Group"), the global B2B information service provider of price
discovery, essential market intelligence and events, announces the
acquisition of Relationship Science ("RelSci") for $7.4m.
RelSci is a global relationship-mapping data provider serving
financial, professional services and not-for-profit organisations.
Its platform contains over 9 million profiles of global business
leaders and senior management, and its proprietary software enables
clients to easily identify and act upon their relationships across
a range of core use-cases. RelSci generated sales of $8.3m for the
31 December 2020 year.
This highly complementary, strategic bolt-on, adds further scale
to the Group's rapidly expanding People Intelligence business.
RelSci's broader coverage and strong relationship-mapping product
technology, when combined with the deeper, more granular data
provided by BoardEx will significantly expand the number of
use-cases served by our People Intelligence business and add
further value to our clients. Following integration with the Group
and further investment the acquisition is expected to deliver
accelerated growth over the medium-term.
The combination gives the Group a leading position in the people
and wealth intelligence markets.
James Lavell, CEO People Intelligence, Euromoney, said:
"The acquisition of RelSci is another highly complementary
addition to the Group and demonstrates our continued focus on
building scale in our 3.0 People Intelligence business.
We have established a market-leading team within People
Intelligence and this acquisition builds upon that. By including
RelSci's expertise, user-friendly platform and expanded dataset, we
open the door to a number of additional ways we can improve value
for clients old and new."
-Ends-
For further information, please contact:
Euromoney Institutional Investor PLC
Wendy Pallot, Chief Financial Officer:
wendy.pallot@euromoneyplc.com
Christian Cowley, Investor Relations:
christian.cowley@euromoneyplc.com; +44 (0)746 915 5223
FTI Consulting
Charles Palmer / Jamie Ricketts / Tom Blundell: +44 20 3727
1000; euromoney@fticonsulting.com
About Euromoney Institutional Investor PLC
Euromoney is a global information business providing essential
B2B information in price discovery, market intelligence and events
across our segments. Euromoney is listed on the London Stock
Exchange and is a member of the FTSE 250 share index.
www.euromoneyplc.com
LEI number: 213800PZU2RGHMHE2S67
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END
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