LONDON, Sept. 9 /CNW/ - Business Monitor International Limited ("BMI"), a
leading global provider of country risk analysis, macroeconomic forecasting
and industry research, announced today that it has received a substantial,
non-controlling equity investment from Spectrum Equity Investors. The
investment will accelerate the expansion of BMI's portfolio of services, and
position the company to execute on its global expansion strategy. Following
the transaction, Chris Mitchell and Adam Margolin from Spectrum will join the
BMI board of directors. Terms of the transaction were not disclosed.
Richard Londesborough, Co-CEO of BMI said, "We are extremely pleased to
have Spectrum make this strategic investment in the company. While BMI has
already established itself as a leading provider of subscription-based risk
data and analysis to clients and subscribers in over 140 countries, we believe
we are still in the early stages of the company's growth opportunity.
Spectrum's capital and board-level assistance will further strengthen the BMI
platform for continued success going forward."
"Given the ongoing volatility in global markets, and the growing
international presence of major corporations, particularly in the emerging
markets, BMI's proprietary risk ratings, forecasts and research have never
been more important to our clients," said Jonathan Feroze, Co-CEO of BMI.
"Spectrum's investment comes at an opportune time for BMI, as we look to
continue our growth, both organically and through acquisition, to enable us to
anticipate our clients' continually evolving needs."
"BMI is a perfect fit for Spectrum, given our focus on rapidly growing,
profitable providers of information services," said Chris Mitchell, managing
director of Spectrum Equity Investors. "The company's ability to integrate
industry-specific data, trending, and structural analysis with its proprietary
macroeconomic country risk models provides unique value to clients around the
world. Furthermore, unlike traditional market research vendors who either
publish irregularly or cover market segments selectively, BMI's innovative
'always current' approach leads the field."
"BMI content boasts an unusual breadth of applications. Beyond
traditional financial analysis and market research, it is used by a wide range
of multinational clients to assist with initiatives as diverse as strategic
planning, anticipating demand drivers and competitive analysis, to assessing
geo-political risk and its potential impact on employee and supply chain
security," said Adam Margolin, vice president of Spectrum Equity Investors.
ABOUT BUSINESS MONITOR INTERNATIONAL (http://www.businessmonitor.com)
BMI is a leading country risk and industry research firm offering
comprehensive and timely coverage of 175 countries and 23 industry verticals.
BMI content offers clients highly structured, consistent coverage of every
country and industry vertical, applying BMI's proprietary forecasting, risk
rating and assessment methodologies. BMI content is sold on an annual
subscription basis via Business Monitor Online, BMI's flagship portal product
offering, and via weekly, monthly and quarterly print report products.
Businesses, banks, government and academia in over 140 countries worldwide
rely on BMI analysis, ratings and forecasts to manage risk and exploit
business opportunities, and BMI's clients include more than 400 of the Global
ABOUT SPECTRUM EQUITY INVESTORS (http://www.spectrumequity.com)
Spectrum Equity Investors is a private equity firm focused on investing
in profitable, growing services businesses. Founded in 1994 with offices in
Boston and California, Spectrum manages over US$4 billion in capital across
five funds. Spectrum invests behind strong management teams and provides
active board-level assistance to help create and realize value. Spectrum has
been an active investor in online and electronic information service providers
such as RiskMetrics Group (NYSE: RMG), World-Check, Seisint, Ancestry.com,
iPay Technologies, Passport Health Communications and SurveyMonkey.
For further information:
For further information: Laura Baldwin, Tel: +44-207-246-5103, Email: