Information  X 
Enter a valid email address

Euromoney Ins.InvPLC (ERM)

  Print      Mail a friend       Annual reports

Monday 03 July, 2006

Euromoney Ins.InvPLC

Acquisition

Euromoney Institutional InvestorPLC
03 July 2006


                      EUROMONEY INSTITUTIONAL INVESTOR PLC


                                  ANNOUNCEMENT


                                                            Monday July 3rd 2006



ISI Emerging Markets to acquire the assets of RussiaDeal LLC's deal information
business



Internet Securities, Inc. (trading as ISI Emerging Markets), a Euromoney
Institutional Investor company, has signed an agreement to acquire substantially
all of the assets of RussiaDeal LLC's financial deal information business based
in Moscow.  RussiaDeal has developed and operates an online deal database
focusing on the Russian, CIS and Eastern European markets, and publishes a
weekly deal newsletter.   The value of the deal has been capped at USD$500,000
and will be financed from Euromoney's existing borrowing facility.


RussiaDeal, which was founded in 2003, compiles details on financial
transactions throughout Russia and its neighbouring countries including mergers
and acquisitions, equity capital markets, private equity and venture capital
activities.  The company also produces a weekly newsletter reporting on major
mergers, acquisitions and other deals in the region.  The customers include the
leading investment banks and private equity fund management companies in Russia
and abroad.


Commenting on the acquisition, James Hammond, Executive Vice President of
Internet Securities, Inc. ('ISI') said: 'RussiaDeal is the acknowledged record
keeper for transaction and deal data in Russia and the CIS.  They are especially
good at tracking important deals that escape the radar of less focused
information companies.  ISI will leverage and integrate this data within our ISI
products making our Emerging Market Information Service the definitive resource
for this type of data in Russia and CIS countries.'


Yakov Sadchikov, founder of RussiaDeal, said: 'While we are proud of the
reputation RussiaDeal has built for its transaction information products, ISI
has sales, support and distribution skills beyond our capabilities.  ISI will be
better positioned to grow the business, leaving me to focus on managing the
separate Quintura visual web search business.  I would like to thank all of
RussiaDeal's customers for their continuing support.'


Ends


Note to editors:

About Euromoney Institutional Investor PLC

Euromoney Institutional Investor PLC is a global financial media group listed on
the London Stock Exchange. It publishes around 80 business-to-business titles
including Euromoney and Institutional Investor.  It acquired a controlling
interest in ISI in January 1999.


About ISI Emerging Markets (www.securities.com)

Based in New York, Internet Securities Inc. (trading as ISI Emerging Markets)
has a network of 26 offices around the globe. It delivers hard-to-get
information on over 70 emerging markets through its flagship Emerging Markets
Information Service (EMIS). Available through 15 language interfaces, it
aggregates and produces unique content including full-text news articles,
financial statements, company information, industry analyses, equity quotes,
macroeconomic statistics, and market-specific information. EMIS offers powerful
search capabilities with in-depth, timely and comprehensive coverage, which are
derived directly from more than 10,500 local and global publications.


For further information, please contact:

1)    Christopher Fordham, Development Director, Euromoney Institutional
      Investor PLC: London + 44 20 7779 8057.  Email: cfordham@euromoneyplc.com

2)    James Hammond, Executive Vice President of ISI Emerging Markets: London
      +44 20 7779 8320.   Email: jhammond@securities.com







                      This information is provided by RNS
            The company news service from the London Stock Exchange