Informa Financial Intelligence Unifies FBX Business with Novantas, Inc., Appoints Craig Woodward as CEO
June 03, 2021 at 08:08 am EDT
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Informa Financial Intelligence announced the completion of an agreement to combine its FBX business with Novantas Inc. following U.S. regulatory approval. The business is established to help financial institutions increase their effectiveness in acquiring, retaining and growing profitable customer relationships. Combining the businesses offers unprecedented access to comprehensive market and competitive data and analytics, connected behavioral insights, proven decision support tools and optimized omnichannel customer engagement. Craig Woodward, current President of Informa Financial Intelligence, is becoming CEO of the combined business and a member of its newly established Board. Woodward will provide the strategic vision of the business, advancing its growth and development and overseeing an executive leadership team that will manage daily operations. The business will be the newest subsidiary of Informa plc, independent of Informa Financial Intelligence. Informa plc will maintain majority ownership with Novantas and mid-market private equity firm, Inflexion, each holding significant minority interest as investors in the business.
Informa PLC specializes in organizing events and publishing books, documents and journals. The activity is organized around four sectors:
- organization of exhibitions;
- publishing of academic and scientific research contents: human and social sciences, technology, medicine, physical sciences, etc.;
- publishing of professional and commercial contents: sciences and health, finances, legal sciences, trading, transport, telecommunication, etc.;
- organization of conferences and professional training trade shows.
The group's contents are marketed in the form of publications on paper, electronic download, and CD-ROM.
Net sales break down by activity into sale of organization of events (36.3%), subscriptions (23.6%), sale of publications (14.9%), sale of advertising space (8.1%) and other (17.1%).
Net sales are distributed geographically as follows: the United Kingdom (5.7%), Continental Europe (13.4%), North America (56%), China (4.4%) and other (20.5%).