Anglo-Dutch publishing group Reed Elsevier, the company behind list management firm Mardev, is to buy US online data business Accuity Holdings for £343m to boost its financial services operations.
Accuity is owned by investment company Investcorp and operates in three main areas – payment efficiency, risk reduction and national regulatory services. It will be integrated with Reed Elsevier’s Bankers’ Almanac and will share the combined data assets with LexisNexis Risk Solutions.
Reed Business Information chief executive Mark Kelsey said Bankers’ Almanac and Accuity are highly complementary and an excellent “geographic fit”, enabling the company “to offer customers much more comprehensive products and services to meet their developing needs”.
Accuity has offices across the US and in the UK, it provides services to the banking financial services, corporate and government communities with over 14,000 clients, including most of the world’s leading financial institutions and all of the top 25 US banks, according to Reed Elsevier.
The acquisition is subject to regulatory approval, but is expected to be completed in the fourth quarter of this year.
