Press Releases
Informa Group Acquires BISYS Research Services Division
08/06/2000

Informa Group Plc announced today that through its Informa Financial Information (IFI) subsidiary, it has acquired BISYS Research Services Inc., a division of The BISYS Group, Inc. and one of the USA’s leading providers of financial product information.

BISYS Research Services Inc., to be renamed Informa Research Services Inc., is the premier provider of competitive pricing intelligence required by financial institutions to effectively position their products, maximize interest income and manage interest expense.

Based in Calabasas, California, the company currently serves more than 1,800 financial institutions, including all 25 of the USA’s top retail banks, with daily surveys of deposit, consumer, mortgage and business loan, and indirect auto, boat and RV loan rates and fees. It offers a wide range of reports, including customized research, covering traditional products marketed by banks, savings institutions, credit unions and non-bank competitors, as well as specialty reports which track financial institutions’ offerings on the Internet. Over the past year, it has expanded its product studies to include cash management, personal and business account fees, sweep accounts, earnings credit and mystery shopping.

Kenneth B. Bohlin, chief executive officer of IFI, explained that the comprehensive information collected by BISYS Research Services will strategically supplement the banking information and analysis currently produced by iMoneyNet Inc., another of Informa’s subsidiaries located in Westborough, Massachusetts.

“It is a win-win for BISYS Research Services and iMoneyNet clients. BISYS Research Services clients will benefit from our exclusive money fund data and data warehousing expertise. iMoneyNet clients will now have access to an expanded and more comprehensive database of financial pricing services and extensive market research expertise,” he said.

Peter Rigby, chairman of Informa Group plc, commented: “BISYS Research Services is a particularly strong fit with Informa’s existing financial information business in the United States. It gives us a strong management, staff, and facilities presence on both the East and West Coast. The information collected by BISYS Research Services is synergistic with our iMoneyNet business and will present major opportunities for us to develop both our product and customer base.

“We are delighted to welcome (President) Michael Adler and his staff to the Informa Group. With their 17 years serving the financial community, the acquisition continues Informa’s strategy to build a business information group delivering high value content in our core market sectors.”

For more information contact:

 Informa Group PLC Peter Rigby,
 Peter Rigby,David Gilbertson, Jim Wilkinson
 Phone: +44 (0)20 7453 2222
  
 The Maitland Consultancy
 Lydia Stewart
 Phone: +44 (0)20 7379 5151

Relevant Market Sectors:
Finance and Insurance