Informa PLC
21 March 2007
INFORMA PLC
Proposed Acquisition of Investment Scorecard
Informa plc, the global information specialist, today announces that Informa
Investment Solutions (IIS), part of the Financial Data Analysis business within
its Professional division, has agreed to acquire Investment Scorecard, Inc. for
$50m in cash (subject to a final net working capital adjustment). The
consideration will be met from Informa's existing debt facilities. The
transaction is subject to the approval of the shareholders of Investment
Scorecard, Inc. and regulatory approvals. The acquisition is expected to close
in April 2007.
Investment Scorecard is among the leading US service providers of integrated
client reporting and analytic solutions for the wealth management industry. It
enables financial institutions to analyse and report on the performance of
complex investment accounts to clients including trustees and high net worth
individuals.
The acquisition will add to IIS's extensive suite of integrated business
intelligence and decision support solutions for investment and wealth management
professionals.
Lac Vuong, joint Managing Director of IIS said: 'We are delighted about this
acquisition and welcome Investment Scorecard to the Informa family. In addition
to creating an expanded performance measurement and client reporting offering
for IIS, this acquisition will offer many powerful components that we can
incorporate with our legacy products to launch additional value added solutions
to service the investment community.'
Leno Toich, joint Managing Director of IIS, added: 'The combination of our
businesses will enable the new IIS to offer many more solutions to our 1400+
clients and prospects, including an extensive list of custodian data feeds,
automated reconciliation services, a scalable turnkey performance measurement
and client reporting service, as well as powerful compliance and insurance
evaluation tools.' .
About Informa Investment Solutions
Headquartered in White Plains (NY), Informa Investment Solutions has provided
products and services to investment and wealth management professionals for over
30 years. The company's products include investment manager search and
evaluation databases and systems, performance measurement and client reporting
applications and services, and enterprise solutions to assist investment
professionals in financial planning, managing assets and communicating with
clients.
For more information regarding Informa Investment Solutions, please visit
www.informais.com.
For further enquiries call:
Informa plc
Susanna Kempe, CMO and Head of Investor Relations Tel: 020 7017 5796
Maitland Tel: 020 7379 5151
William Clutterbuck
Emma Burdett
This information is provided by RNS
The company news service from the London Stock Exchange
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