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Apr. 19, 2007 at 8:57am Eastern by Barry Schwartz
Experian Acquires Hitwise For $240 Million
Experian has acquired Hitwise for about $240 million. Experian posted and Hitwise posted their respective press releases on the announcement.
Don Robert, Chief Executive Officer of Experian, commented:"We have been successfully repositioning our Marketing Solutions business to meet our clients' needs as they continue to switch more of their advertising spend online. Hitwise, which is a rapidly growing, successful business, brings new, unique data to Experian and complements the existing data, tools and expertise that we already offer to clients in other areas such as research services and email distribution."
Andrew Walsh, Chief Executive Officer of Hitwise, said:
"Over the last 10 years, Hitwise has developed a truly unique digital intelligence service that helps inform the online marketing strategies of 1,200 clients around the world every day. We are excited to become part of Experian, having worked with them for over four years. We will now be able to accelerate Hitwise's growth and profitability through access to Experian's wider pool of data, tools and clients, while more quickly expanding our global footprint."
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By Barry Schwartz
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