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Experian Buys Conversen Inc For Undisclosed Sum

Date : 21/05/2012 @ 09:35
Source : Dow Jones News
Stock : Experian (EXPN)
Quote : 1254.0  -5.0 (-0.40%) @ 09:53

Experian Buys Conversen Inc For Undisclosed Sum

Experian (LSE:EXPN)
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Experian PLC (EXPN.LN), a global information services company, said Monday that it has acquired Conversen Inc., a provider of multi-channel campaign management software in North America, for an undisclosed sum, adding that the acquisition will be funded from Experian's existing cash resources.

MAIN FACTS:

-At Dec. 31, 2011, Conversen reported gross assets of $1 million.

-Experian shares at 0803 GMT up 3 pence, or 0.3%, at 872.5 pence, valuing the company at GBP8.74 billion.

-By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275; razak.baba@dowjones.com




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