The publishing and financial-information giant Euromoney Institutional Investor last week announced the acquisition of Boardroom Insiders Inc., a subscription-based company that compiles profiles on business executives, for $25 million.
Boardroom Insiders, based in Fort Mill, South Carolina, is a high-growth business that generated sales of $4.8 million in 2021, with adjusted EBITDA of $700,000. Boardroom Insiders will be integrated into Euromoney’s People Intelligence unit which, following the acquisition, will have revenue of about $63.1 million.
The acquisition will allow the combination of Boardroom Insiders’ comprehensive and detailed insights on the characteristics and strategic priorities of executives, with broader databases Euromoney already owns. It will provide the company’s People Intelligence business with access into a new customer segment, especially tech and professional-services companies, according to a press release from London-based Euromoney Institutional Investor.
Boardroom Insiders has profiles of more than 30,000 executives and key decision makers. The profiles are primarily used by sales teams for business development and account management purposes.
“We have built our People Intelligence business through both organic investment and acquisitions since 2018, and are now a market leader in people-and-wealth intelligence,” said James Lavell, CEO People Intelligence. “Boardroom Insiders is another highly complementary and exciting addition. It brings a sophisticated research capability and access to new markets and customer groups, in addition to greater scale.”
In addition to Euromoney and Institutional Investor, Euromoney publishes The Deal, Capacity, Airfinance Journal and Global Capital, among others. It is traded on the London Stock Exchange and had 2021 revenue of about $451.6 million.