Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Reed Elsevier Agrees to Buy Accuity Holdings for $530 Million

Reed Elsevier Plc, the owner of the LexisNexis database, agreed to buy Accuity Holdings Inc. from Investcorp for 343 million pounds ($530 million) in cash.

Accuity, a U.S. provider of online data for the financial-services industry, is “highly complementary” with Reed Elsevier’s Bankers’ Almanac and LexisNexis Risk Solutions, the London-based company said in a statement today.

Reed Elsevier said in July that first-half revenue fell 3 percent on currency swings and asset sales. The company last year sold off parts of its Reed Business Information trade-magazine unit, including all U.S. publishing operations except the Variety title. At the same time, the company has increased investment in product development and sales and marketing to tap growth in electronic data offerings.

Accuity will be integrated into Bankers’ Almanac and share combined data assets with LexisNexis Risk Solutions. The acquisition will boost Reed Elsevier’s adjusted earnings from the outset and is expected to close in the fourth quarter, according to the company.

“This move seems to take Reed further away from front office business and into a more crowded, less proprietary field in direct competition with software/process companies,” Giasone Salati, a London-based analyst at Espirito Santo Investment Bank, said in a note.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.