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Arvato (Bertelsmann) Acquires Gothia Financial Group

The Bertelsmann subsidiary Arvato AG is acquiring Gothia Financial Group headquartered in Norway and thereby combining its financial services activities.  The combination with its subsidiary Arvato Infoscore as a nucleus makes Arvato Europe’s number 3 in the fast growing field of Business Information and Financial Services with a combined revenue of more than EUR 500 million.  Arvato and Herkules Capital, ... Read More »

LexisNexis Legal & Professional UK Lauches SmartWatch

LexisNexis Launches Game-Changing Risk Monitoring Tool for Supply Management Professionals LexisNexis® Legal & Professional (http://www.lexisnexis.com), announced the UK launch of LexisNexis® SmartWatch.   Drawing upon the vast LexisNexis collection of global news content and proprietary risk event tagging, LexisNexis SmartWatch algorithms score and surface concerns about an organisation’s suppliers and supply management partners, based upon each enterprise’s particular risk profile. ... Read More »

Authentication: Eliminating Fictitious Identities

The key message from FICO Bankinganalyticsblog was that one should not believe everything that one sees online.  Organizations need to do more to improve their on-boarding or customer authentication protocols to prevent fictitious identities being booked.   While the fabrication of fictitious identities seem to have been a bit of “harmless” devilment, the potential threats are very real. Recently Twitter took the ... Read More »

Commercial Fraud: Low Appetite for Whistleblowing

According to the latest staff fraud report from the UK’s Fraud Prevention Service, and specifically the Credit Industry Fraud Avoidance System (CIFAS), only 3% of insider or staff fraud attacks were uncovered in 2012 using the formal “whistle blowing” process, where a colleague reports what they see or suspect. People appear to have a low appetite to “inform” on the suspected or ... Read More »

Acxiom Opts for Transparency

Acxiom is preparing to step out of the shadows of obscurity, according to an article published by the Financial Times.  With data brokers coming under Congressional and regulatory scrutiny Acxiom’s chief marketing and strategy officer Tim Suther feels the time is right for the industry to become more transparent. Suther told the FT in a recent interview: “We live in ... Read More »

Reed’s Exhibitions Revenue up 15% in 2012

London-listed B2B media company, Reed Elsevier, has released financial results for the year ended 31st December 2012.  On the company’s exhibition business, Reed reported revenue growth of 15% (7% excluding biennial event cycling) to £854 million during the year. Profits in same period were £210 million, up 21% over 2011. By geographical markets, Reed reported strong revenue growth in the ... Read More »

Experian in Data Deal with Skyscanner

Experian® announced it has signed a deal to provide leading travel search site, Skyscanner, with International and UK reports helping the business to monitor suppliers and improve efficiencies. Under the new contract Experian will supply Skyscanner with reports that provide comprehensive insight into companies in up to 238 countries worldwide.  The reports include extensive information on businesses within requested regions. ... Read More »

Thomson Reuters Revenues Up 3% for Full Year and 2% for the Fourth Quarter 2012

The company reported full-year revenues from ongoing businesses of $12.9 billion, a 3% increase before currency. Adjusted EBITDA increased 5% from the prior year and the corresponding margin was 27.4% versus 26.4% in 2011. Underlying operating profit decreased 5% and the corresponding margin was 18.6% versus 19.9% in the prior year. For the fourth quarter, the company reported revenues from ... Read More »

Redundancies at Thomson Reuters

Financial news and wire service Thomson Reuters has made 3,000 of its 50,000 employees redundant, with the financial sector – notably the sales, training and analysts’ divisions – hit hardest, but editorial was also affected. Speaking to the New York Observer, Chris Roush, the director of business news initiatives at the University of North Carolina’s School of Journalism & Mass ... Read More »

UBM to Sell Data Services Business

U.K.-based media group UBM plc announced that it has received a binding offer from private equity firm Electra Partners LLP to purchase UBM’s Data Services business portfolio for US$251 million. According to UBM, its data services segment also includes health, technology and IP, trade & transport, and paper business units – which generated revenue of US$298 million in 2011 and ... Read More »

Thomson Reuters Launches DataScope Workflow License for Order Management Systems

Thomson Reuters announced the launch of the DataScope Workflow License (DWL). The DataScope Workflow License combines a series of technical indicators with pricing and reference data, enabling the investment community to streamline and integrate their data management and performance strategies. Phase one of the DWL enables clients to access a wider and deeper set of value added content, including a ... Read More »