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Euromoney buys data provider RelSci for $7.4m
24th May 2021 08:02
(Sharecast News) - Euromoney Institutional Investor said on Monday that it has bought Relationship Science (RelSci), a relationship-mapping data provider serving financial, professional services and not-for-profit organisations, for $7.4m (£5.2m).
RelSci's platform contains more than 9m 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, Euromoney said. The business generated sales of $8.3m for the year to 31 December 2020.
"This highly complementary, strategic bolt-on, adds further scale to the group's rapidly expanding People Intelligence business," the information services provider said. "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."
James Lavell, chief executive officer of Euromoney's People Intelligence, said: "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."
RelSci's platform contains more than 9m 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, Euromoney said. The business generated sales of $8.3m for the year to 31 December 2020.
"This highly complementary, strategic bolt-on, adds further scale to the group's rapidly expanding People Intelligence business," the information services provider said. "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."
James Lavell, chief executive officer of Euromoney's People Intelligence, said: "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."