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Bids, Mergers and Takeovers

Access Intelligence acquires C&V

16 June 2015 12:04

Access Intelligence has entered into an asset purchase agreement to acquire 100% of the business and certain of the assets of Cision UK and Vocus UK (collectively, "C&V") for an aggregate cash consideration of £1.34m.

C&V are the UK divisions of the Cision group, a global software provider to the public relations and marketing industries.

They are the leading providers of integrated management solutions ("IMS") in the UK market and Access Intelligence believes the acquisition will provide the Group with a developed media contacts database which will strengthen the long term ability of Group subsidiary AIMediaComms ("AIMC") to compete within the IMS market in the UK.

Michael Jackson, chairman of Access Intelligence, said:"The acquisition and integration of a premium media database will considerably augment our leading media relations management platform, Vuelio. It will enhance our ability to provide the best possible service to the combined client base, across the private, public and not for profit sectors."

At 12:04pm: (LON:ACC) Access Intelligence PLC share price was +0.25p at 3.25p

Story provided by StockMarketWire.com

Related Company: ACC

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