Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

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Euromoney Ins.InvPLC (ERM)

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Tuesday 14 July, 2015

Euromoney Ins.InvPLC

Euromoney acquires 10% equity stake in Estimize

RNS Number : 9264S
Euromoney Institutional InvestorPLC
14 July 2015


RNS Announcement

July 14, 2015


Euromoney Institutional Investor PLC has acquired a 10% equity stake in Estimize, an innovative financial estimates digital platform.


Euromoney Institutional Investor PLC, ("Euromoney" or "the group"), the international online information and events group, today announces that it is acquiring a 10 percent equity stake in Estimize, the most comprehensive financial estimates platform, for a consideration of US$3.6m, funded from its existing cash resources. The investment is part of a US$6m Series B round aimed at expanding the capital base of Estimize. Other key investors include Contour Venture Partners and Longworth Venture Partners. As part of the transaction, Euromoney will receive Series B preferred stock, a board observer seat and full information rights.


Estimize (, founded in 2011 by former quantitative hedge fund analyst Leigh Drogen, sources estimates from over 7,000 hedge fund, brokerage, and independent analysts as well as a diverse community of individuals. By being more representative of market expectations, its consensus has proved to be more accurate than I/B/E/S (Institutional Brokers' Estimate System) over 69% of the time, according to research by Deutsche Bank ("The Quant View Paper", March 2014), and its underlying technology is regarded as highly innovative by various US academic institutions. Estimize data is available on major financial research platforms including Bloomberg and is frequently cited in top-tier financial media outlets. In 2014, Estimize recorded unaudited revenues of US$71k, a loss before tax of US$1.24m and gross assets of US$496k. The firm has 20 employees.


This partnership will include cross-platform data collaboration between Estimize and BCA Research, Euromoney's independent investment research business serving the global asset management sector, and the two firms will work on building new datasets. As a result, BCA's extensive list of blue-chip buy-side clients will soon have access to data and insights from Estimize.


Euromoney's decision to invest in Estimize is consistent with the group's strategy of expanding its data and analytics offering and follows the investment, alongside The Carlyle Group, in Dealogic Holdings plc ("Dealogic"), a leading Software-as-a-Service ("SaaS") platform for the global investment banking sector.


Commenting on the announcement, Euromoney Chairman Richard Ensor said:


"The fintech space is growing very fast. The combination of content, technology and data science capabilities is enabling the creation of new, exciting digital products to inform robust investment decisions. Estimize has the potential to gain a significant share of a $350m a year market. This collaboration with Estimize also gives Euromoney access to a premium data set that can benefit many of our existing asset management clients around the world. This move fits Euromoney's strategy of expanding the scope of its activities in the global financial information sector and its strong digital backbone will help support Estimize as it moves to the next stage of its development."


Commenting from Estimize, Founder and CEO Leigh Drogen said:


"We're thrilled to be working with Euromoney to expand the reach of our crowd-sourced estimate data sets to their incredible institutional investor client base. At every step towards building this partnership we've been positively surprised at just how forward looking the Euromoney organization is, especially as it relates to the core crowd-sourcing philosophy here at Estimize. As we expand into new data sets and geographic markets, we believe Euromoney is going to be an excellent partner in helping to build the critical mass necessary for these products to become valuable to the institutional finance world."




For further information, please contact:

Euromoney Institutional Investor PLC

Richard Ensor, Chairman:                        +44 20 7779 8845; [email protected]

Christopher Fordham, Managing Director: +44 20 7779 8057; [email protected]

Colin Jones, Finance Director:                   +44 20 7779 8666; [email protected]


FTI Consulting

Charles Palmer:                                +44 20 3727 1400; [email protected]



Euromoney Institutional Investor PLC ( is listed on the London Stock Exchange and is a member of the FTSE 250 share index. It is a leading international business-to-business media group focused primarily on the international finance, metals and commodities sectors. It owns more than 70 brands including Euromoney, Institutional Investor and Metal Bulletin, and is a leading provider of economic and investment research and data under brands including BCA Research, Ned Davis Research, and the emerging market information providers, EMIS and CEIC. It also runs an extensive portfolio of conferences, seminars and training courses for the financial and commodities markets. The group's main offices are in London, New York, Montreal and Hong Kong and more than a third of its revenues are derived from emerging markets.

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

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