Rock Creek Advisors Acts as CRO to WealthEngine Through Acquisition

Euromoney builds scale and expertise in People Intelligence with the acquisition of WealthEngine 

Euromoney Institutional Investor PLC (“Euromoney” or “the Group”), the global B2B information  services provider of price discovery, essential market intelligence and events, announces the  acquisition of WealthEngine, Inc. (“WealthEngine”) for $14.5m. 

WealthEngine is a SaaS platform providing data-driven intelligence and predictive analytics to wealth  managers, luxury brands and not-for-profit organisations. It is a workflow tool which profiles US  individuals and is used by its clients for prospecting potential donors or customers. Revenues are  derived predominantly from subscriptions, which attract high renewal levels. 

The acquisition of this 3.0 business adds scale to the Group’s People Intelligence business, which  now comprises WealthEngine, Wealth-X and BoardEx. WealthEngine is complementary to the  recently acquired Wealth-X, whose database provides comprehensive profiles for more in-depth screening of, and intelligence on, high and ultra-high-net-worth individuals.  

When combined with the relationship mapping capabilities of BoardEx, which help clients identify  ways to reach potential customers through a proprietary “relationship map” as well as providing up to-date information about targets’ professional lives, the Group now has full coverage across the  wealth intelligence value chain, which is a growing information-services market. 

WealthEngine’s Annual Contracted Value (“ACV”) of subscriptions and pro-forma EBITDA1for the 31  December 2020 financial year are expected to be $15.0m and $2.0m respectively. 

This highly complementary acquisition is expected to enhance the operating profit margin of People  Intelligence and deliver accelerated growth over the medium-term. As a result, the acquisition is  expected to be earnings accretive for Euromoney and deliver ROI above WACC in the current financial year. 

James Lavell, CEO People Intelligence, Euromoney, said: “The acquisition of WealthEngine is a great  addition to the Group and supports our strategy by adding further scale to our 3.0 People  Intelligence business. It brings leading technology, workflow solutions and must‐have data, which,  when combined with Wealth-X and BoardEx, will enhance significantly the value we provide  customers.” 

-Ends 

For further information, please contact: 

Euromoney Institutional Investor PLC 

Wendy Pallot, Chief Financial Officer: +44 (0)20 7779 8845; wendy.pallot@euromoneyplc.com Jo Britten, Head of Investor Relations: +44 (0) 20 7779 8888; jo.britten@euromoneyplc.com 

FTI Consulting

1 

Charles Palmer / Jamie Ricketts / Amy Hurnell / Jamille Smith: +44 20 3727  

1000; euromoney@fticonsulting.com 

About Euromoney Institutional Investor PLC 

Euromoney is a global information business providing essential B2B information in price discovery,  market intelligence and events across our segments. Euromoney is listed on the London Stock  Exchange and is a member of the FTSE 250 share index. www.euromoneyplc.com 

LEI number: 213800PZU2RGHMHE2S67 

1 Pro forma EBITDA is for the year ended 31 December 2020, excluding one-off items, transaction and integration  costs 

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