GUS buys ClarityBlue to supplement Experian |
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Published
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Fri, 27 Jan 2006 11:10
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LONDON: Retail and business services company GUS Plc. is buying database company ClarityBlue for an initial 85 million pounds to complement its Experian credit-checking business. The company said ClarityBlue's business is in line with Experian's marketing information and solutions businesses and that it will pay an extra 15 million pounds over three years depending on the company's performance.
ClarityBlue offers databases to companies with huge customer base to help them carry out multiple transactions on a daily basis and through different channels. Its clients include satellite channel BSkyB, mobile phone operator Orange and creditcard company BarclayCard. It expects to have earnings before interest and tax of 5 million pounds for the year ending July 2006 on
sales of 30 million pounds.
Experian had its sales for the quarter ended December 2005 increase 25 per cent year-on-year. Its North American operations saw an increase of 40 per cent. The unit had acquired several companies in the United States, including privately-owned Pricegrabber.com for $485 million plus expenses.
GUS had sold off its 65 stake in fashion retailer Burberry in December to its shareholders.
GUS shares were up 0.6 per cent at 1,025 pence valuing the company at 8.8 billion pounds.
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