LONDON, UK: Euromoney Institutional Investor, the global B2B information-services provider, announced the acquisition of Boardroom Insiders Inc. for a cash consideration of $25 million.
Boardroom Insiders is a market-leading provider of people intelligence to technology companies and professional services.
The business has profiles on over 30,000 executives and key decision makers. These profiles, and the intelligence provided from its proprietary analytics capability, are primarily used by sales teams for business development and account management purposes.
Boardroom Insiders will be integrated into Euromoney’s People Intelligence business which, following the acquisition, now has a Book of Business of £47m.
This scale and the capabilities developed through organic investment and the successful combination of previous acquisitions into a single platform, will be leveraged to accelerate penetration into the high-growth technology market.
The acquisition will generate value through combining Boardroom Insiders’ comprehensive and detailed insights on the characteristics and strategic priorities of executives, with the broader databases of our BoardEx and RelSci products. In addition, it provides the wider People Intelligence business with access into a new customer segment.
Boardroom Insiders is a high-growth subscription business that generated sales of $4.8m and adjusted EBITDA of $0.7m for the year to 31 December 2021. The acquisition is expected to be accretive to Euromoney’s People Intelligence revenue growth rate and deliver a ROI above the Group’s WACC in the second full financial year.
James Lavell, CEO People Intelligence, Euromoney, said: “We have built our People Intelligence business through both organic investment and acquisitions since 2018 and are now a market leader in people-and wealth-intelligence.
Boardroom Insiders is another highly complementary and exciting addition. It brings a sophisticated research capability and access to new markets and customer groups, in addition to greater scale.”
Euromoney is listed on the London Stock Exchange and is a member of the FTSE 250 share index. (www.euromoneyplc.com)