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IMMEDIATE RELEASE
Bogota, Colombia, Tuesday, 13 May 2008 - Internet Securities Inc (“ISI”), trading as ISI Emerging Markets, a subsidiary of Euromoney Institutional Investor PLC (“Euromoney”), announced today that it will acquire BPR BENCHMARK headquartered in Bogota, Colombia. BPR is one of the leading providers of company financial data, analysis and Business Credit Ratings for Colombian companies.
The acquisition opens ISI’s international customer network to BPR BENCHMARK, presenting new markets around the world for BPR’s products. It accelerates ISI’s growth in Colombia by enabling ISI to introduce its global emerging market services to BPR’s Colombian customer base, and by expanding ISI’s physical presence in the country. It also continues ISI’s strategy of building its regional and global emerging markets information services through the acquisition of local online information providers.
BPR was founded in 1995 by principals Enrique Brando and Guillermo Rico. Both will remain with BPR and manage the business post the transaction, and will lead the expansion program of BPR BENCHMARK products overseas.
“We are delighted to acquire BPR BENCHMARK and retain the support and services of both Enrique Brando and Guillermo Rico,” said ISI Emerging Markets CEO Brian de Lacy. “BPR has, in a relatively short time, become a leading player in the Colombian electronic information market. There is significant synergy between ISI and BPR that we will leverage to the benefit of both companies. Added Gabriela Ruggeri, ISI’s Regional Director for Latin America, “We look forward to contributing to the acceleration of BPR’s growth both in Colombia and overseas. The acquisition reflects our belief in the strong economic prospects for Colombia, and solidifies our commitment to the market.”
Commenting on the acquisition, ISI’s Executive Vice President for Marketing and Product Development James Hammond said: “Operationally, BPR BENCHMARK extends our Latin American footprint into Colombia. BPR will represent, sell and support our products in Colombia, which they are excited to introduce to their local customer base, and ISI will help BPR find new customers through our international network. We will also extend the BPR Credit Risk and Marketing products to other countries in Latin America and eventually to other emerging markets around the world.”
Terms of the transaction were not disclosed.
About Euromoney Institutional Investor PLC
Euromoney Institutional Investor PLC is listed on the London Stock Exchange and is a member of FTSE 250 share index. It is a leading international business-to-business media group focused primarily on the international finance sector. It publishes more than 100 magazines, newsletters and journals, including Euromoney and Institutional Investor. It also runs an extensive portfolio of conferences, seminars and training courses and is a leading provider of electronic information and data on international finance and emerging markets. It acquired a controlling interest in ISI in January 1999.
Based in New York, Internet Securities, Inc. t/a ISI Emerging Markets, builds and delivers electronic business information products for the worlds Emerging Markets though a network of 28 offices around the world. The company’s award winning products, which are sold by subscription and relied upon by a global client base of over 2600 institutions, include:
The Emerging Market Information Service (EMIS): a database or hard-to-get information on over 80 emerging markets. Available through 15 language interfaces, EMIS aggregates and produces unique content including full-text news articles, financial statements, company information, industry analyses, equity quotes, macroeconomic statistics and market-specific information.
CEICdata: The leading Macro-economic, industrial and financial time-series database covering China, Asia, and the Emerging Markets.
DealWatch: Comprehensive data and forward looking editorial coverage of Emerging Markets M&A, ECM, Private Equity, and Venture Capital transactions.
IFIS: The Islamic Finance Information Service is the first and finest information service designed for the Shariah compliant financial industry.
EMIS Compliance Edition: The emerging market KYC and AML reference resource for and by Compliance professionals.
BENCHMARK will offer new and complementary services to ISI customers, and prospects, containing local financial information, risk analysis, and credit ratings for companies, and sales and marketing tools to support the commercial sales force.
The company website is www.securities.com
For further information, please contact:
James Hammond, Executive Vice President for Marketing of ISI, London
Tel. + 44
207
Email: j h a
m m o n d @ s e c u r i t i e s . c o m
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(C) 2007 Internet Securities, Inc., All rights reserved.
A Euromoney Institutional Investor
company