Euromoney Institutional Investor PLC (LON:ERM), the global B2B information service provider of price discovery, essential market intelligence and events, has announced the acquisition of Relationship Science 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.”