November 1, 2011—Reed Business Information announced today that its acquisition of Accuity Inc. has been completed.
On 26 September 2011, it was announced that a definitive agreement to acquire Accuity Inc. for a total cost of £343m had been reached.
Accuity Inc. will be integrated with Reed Business Information's Bankers' Almanac to form BankersAccuity, bringing a global standard for payment efficiency and compliance solutions. The business will be headquartered in Skokie, Illinois and will be led by Hugh Jones, the former CEO of Accuity.
BankersAccuity will share the combined data assets with Reed Elsevier's LexisNexis Risk Solutions.
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About Reed Business Information
Reed Business Information brings leading brands to an audience of millions of decision makers worldwide through its multi- platform media of data services, online lead generation services, community websites, magazines and events.
Owned by one of the world's leading business-to-business publishers, Reed Business Information, and part of Reed Elsevier, BankersAccuity sets the global standard for payment efficiency and compliance solutions. It includes Bankers Almanac and Accuity, premier data services that have been providing solutions to banks and businesses worldwide for over 140 years.
About Reed Elsevier
Reed Elsevier is a world leading publisher and information provider targeting the science and medical, legal, risk management, and business to business sectors. They provide high value and flexible information solutions to professional users. Reed Elsevier employs more than 30,000 people, including more than 16,000 in North America. Reed Elsevier reported revenues for 2010 of £6,055m/€7,084m. Reed Elsevier is owned equally by two parent companies, Reed Elsevier PLC and Reed Elsevier NV; the combined market capitalisation of the two parent companies is approximately £11bn/€13bn. Their shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RUK and ENL.