Euromoney acquires BoardEx and The Deal for $87.3M

EuromoneyEuromoney Institutional Investor plc is to acquire BoardEx and The Deal for $87.3 million, funded from its existing facilities.

BoardEx is an executive periling and relationship-mapping platform. It provides its users with detailed profiles of over one million of the world’s business leaders. The Deal is an information, data and intelligence platform. In the US, its digital subscription is one of the leading brands on the market in deal-driven intelligence. By combining the two platforms and integrating them with Euromoney’s existing portfolio, the company aims to create a powerful workflow tool to serve multiple industries.

CEO of Euromoney, Andrew Rashbass, said, “I am excited by the acquisition of BoardEx and The Deal, which brings two additional high-quality assets into Euromoney’s portfolio and supports our transition towards a next generation 3.0 business model. The businesses are perfectly placed to grow further under Euromoney ownership, with the Group’s existing data expected to enhance the BoardEx platform. We look forward to working with the management team and our new colleagues around the world to develop these leading brands and take advantage of the compelling growth opportunities they offer.”

UK, London & USA, New York, NY

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IBM to Acquire StoredIQ

ibm-logoIBM has announced that it plans to acquire StoredIQ, an e-discovery software vendor. This acquisition is part of a move to expand its position in the “information governance software” space. The financial terms of the deal were not disclosed.

StoredIQ, the privately held, Texas based firm is primarily involved with providing software solutions for the legal exchange of electronic information in civil cases (known as e-discovery). It helps its clients by assisting with indexing, storage, de-duplication and deletion of unstructured (unclassified) data. Its clients include companies in the “financial services, healthcare, government and manufacturing industries.”

StoredIQ is the latest in a number of acquisitions IBM has made in the information management space. IBM purchased e-discovery vendor PSS Systems in 2010 and enterprise search vendor Vivisimo in 2012. The press release for the transaction states that IBM hopes the acquisition will reduce “information risk by automating privacy, e-discovery, and regulatory policies.” Phil Myers, StoredIQ CEO has stated that prior to the transaction two firms were already “longstanding partners with existing integration,” with the press release continuing that the transaction should help with “aligning cost to the value of information.”

USA, Armonk, NY & USA, Austin, TX

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