Euromoney acquires European investment industry survey Extel

EuromoneyEuromoney Institutional Investor PLC, the international business information and events group, has acquired 100% of the business and assets of Extel from WeConvene. Extel will be integrated into Euromoney’s Institutional Investor Research business which is well known for its sell-side analyst and corporate IR performance research and rankings, and strengthens further Institutional Investor’s asset management offering. The terms of the transaction were not disclosed.

Extel runs the annual independent survey of quality across the European equities investment community. The Extel Survey began in 1974 and in 2017 over 15,500 investment professionals cast 1.1 million votes across the investment industry, providing a huge dataset to help clients analyse and drive their market understanding.

The acquisition of Extel fits within Euromoney’s strategy of investing in its main themes, specifically asset management. Extel is deeply embedded in the equities investment community and its complementary data sets and highly valued analytics and insights will support the transition of Institutional Investor to a next generation 3.0 business model.

Will Rowlands-Rees, MD of Institutional Investor Research, said: “Although a small business, Extel has a strong reputation in the European market, and is highly complementary to our existing Institutional Investor Research offerings. By integrating these businesses, we will create a unique bulge bracket through domestic broker view of research product evaluation in the European market at a time of tremendous market change driven by MiFID II. I look forward to leveraging our shared expertise and knowledge, and partners in the investment community to build a stronger and broader set of capabilities across our portfolio of products to help with these challenges.”

UK, London

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Xchanging plc acquires spend analytics company Spikes Cavell

xchangingXchanging plc, a business process, procurement and technology services provider, is to acquire the spend analytics company Spikes Cavell Analytic Limited, for up to $11.5 million on a cash free, debt free basis. $6.75m will be paid on completion, and up to a further $4.75m will be payable over the next two years, subject to achieving operating performance targets.The Acquisition is expected to complete by the end of March 2015.

spikes cavellSCAL is a British company which provides spend analytics technology and services mainly to public sector institutions in the UK and higher education authorities in the USA, but also increasingly to the private sector.  Based in Newbury (UK) and Virginia (US) and with 35 employees, SCAL has around 60 lead customers, some of whom represent groups. SCAL had revenues of £1.8m for the year ended 31 March 2014.

Spend analytics is an important diagnostic tool for customer due diligence in determining spend savings and is frequently included within wider procurement engagements. Spend analytics also provides a way for measuring spend in order to manage supply chain risk and assist organisations in assessing their compliance with diversity programmes. SCAL is also pioneering analytics services that benchmark an organisation’s competitiveness against its peers.  

Ken Lever, Xchanging’s Chief Executive, commented: “Increasingly organisations are recognising the major savings that can be made by using technology to enhance their procurement strategies. Our procurement business went through a significant transformation in 2014, building on the impetus of the MM4 acquisition, made in late 2013, which brought a core technology platform. It also opened up the business to accelerated client acquisition by increasing the number of lower price point offerings. SCAL contributes to this strategy and further enhances our technology capabilities.”

UK, London & UK, Berkshire & USA, Virginia

Landis+Gyr to acquire utility analytics company GRIDiant Corporation

landisand gyrLandis+Gyr is acquiring GRIDiant Corporation, a utility analytics company focused on the electric distribution grid.  Advanced grid analytics enable utilities to extract business value from large data sets, as smart meters and other grid devices to provide in-depth information about their distribution networks. The terms of the deal were not disclosed.

gridiant_logo1“We understand that utilities around the world want to continually improve their business operations,” said Andreas Umbach, Landis+Gyr’s President and CEO. “We believe the insights gained from analytic tools are essential ingredients in leveraging the value from smart grid infrastructure investments, and that these insights can promote operational efficiency throughout the distribution grid.”

USA, Atlanta, GA & Los Altos, CA

IHS to acquire global automotive information business R.L. Polk & Co. for $1.4BN

ihs_logo_mpIHS is to acquire R.L. Polk & Co., a provider of automotive information and analytics solutions for $1.4 billion. 90% cash and 10% equity. The stock issuance has a 2-year lock up. 50% of shares can be sold after year one and 100% of shares can be sold after year two

R.L. Polk is headquartered in Detroit and has $400 million of current annual revenue, 75% recurring revenue with 90%-plus renewal polkrates. 60% of its revenues come from the CARFAX brand and 40% from the Polk Division.

The company is principally focused in North America, with 9% of sales in EMEA and 3% in APAC. It has an adjusted EBITDA margin in mid-20 percent range.

USA, Englewood, CO & Detroit, MI

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ICIS acquires carbon market analytics specialist Tschach Solutions GmbH

icisICIS, a global provider of energy market information and a division of Reed Business Information, is to acquire Tschach Solutions GmbH, a specialist carbon market analytics company based in Karlsruhe, Germany. Terms of the deal were not disclosed.


Tschach Solutions, founded in 2010, offers a comprehensive portfolio of data, information and analytics products for the carbon market.Products include short and long-term price forecasts, which combine analysis of market fundamentals, policy and trading behaviour in the EU Emissions Trading Scheme (ETS) and the global Clean Development Mechanism (CDM).  Tschach Solutions produces a range of data, delivered through online, written report and consulting propositions.

“Tschach Solutions is a fast growing business whose approach to market analysis has proved highly effective. This acquisition increases ICIS capability in short and long-term energy market analysis,” said Christopher Flook, Managing Director of ICIS. “Our collective capabilities will provide customers with unique insights”.

Dr Ingo Tschach, Managing Director of Tschach Solutions added that “ICIS’ strong position across the energy information market, coupled with its extensive sales and marketing capability, provides the opportunity to accelerate our plans for future growth. As part of ICIS, we are better positioned to capitalise on the increasing need for carbon market data and analysis”.

UK, Sutton, Surrey & Germany, Karlsruhe

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InMobi acquires Overlay Media

inmobiIndependent mobile advertising network InMobi has acquired Overlay Media. Terms of the deal were not disclosed.

Overlay Media is a developer of mobile data analytics based technologies. The company’s flagship product, the Context Engine, enables intelligent on-device behaviour, wiser use of battery power and increased personalisation.

Naveen Tewari, Founder and CEO at InMobi said, “We are excited to add amazing talent to InMobi. This overlaylogoacquisition, along with Metaflow Solutions and MMTG Labs, will help us to continue to be at the forefront of delivering highly engaging content to consumers globally.”

The Overlay Media team will be based from the InMobi London EMEA HQ.

Singapore & UK, London

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