FOR IMMEDIATE RELEASE
ISI EMERGING MARKETS TO ACQUIRE THE ASSETS OF RUSSIADEAL LLC’S DEAL INFORMATION BUSINESS
Moscow, July 3, 2006 - 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.”
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.
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 11,500 local and global publications.
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