Monday, October 10, 2011

Neustar to Acquire TARGUSinfo for $650 Million

Neustar, a global leader in network addressing, routing and policy management, agreed to acquire TARGUSinfo, a leading, independent provider of real-time, on-demand information and analytics services including Caller ID, for approximately $650 million in cash.

TARGUSinfo's services help its customers identify, verify, score and locate their customers and prospects. It processes over 100 billion transactions per year. The company generated approximately $149 million in revenues for the twelve months ended September 30, 2011, representing 20% year-over-year growth, with an adjusted EBITDA margin of approximately 45%, excluding the impact of expenses associated with a 2010 TARGUSinfo recapitalization event.

Neustar said the acquisition expands its position in the $30 billion information services market. The transaction combines TARGUSinfo's leadership in Caller ID and online information services, such as lead verification and scoring, with Neustar's strengths in network information services, including address inventory management, network security, and marketing analytics.

"This transaction is a significant and logical step in our growth strategy,�? said Lisa Hook, president and chief executive officer of Neustar. “Neustar has long provided communications, media and marketing companies with insights derived from their own data. By combining with TARGUSinfo, we will be able to offer a much more diverse portfolio of services in the real-time information and analytics market."

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