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Quadrant House, The Quadrant, Sutton London SM2 5AS, United Kingdom Tel. +44-20-8652-3500 |
Type: Business Segment
On the web:
http://www.reedbusiness.com
Reed Business Information (RBI) provides information and marketing solutions to business professionals in Europe, the US, Asia, and Australia. Magazines include Hollywood trade paper Variety in the US, New Scientist in the UK, and Elsevier in the Netherlands. Data services include ICIS, a global information and pricing service for the petrochemicals and energy sector; BankersAccuity, which provides reference data on the banking industry; and XpertHR, a service providing data, regulatory guidance, and tools for HR professionals. Online marketing solutions include UK recruitment site totaljobs.com and global business directory Hotfrog. RBI is owned by Reed Elsevier Group, and accounts for 12% of its business.
Officers:
CEO: Keith Jones
CFO: Caroloyn Pickering
CIO: Dan Olley
Competitors:
Hearst Business Media
ubm
Wolters Kluwer
Not to be confused with William Reed Business Media
Reed Business Information is a provider of data services, business information and marketing to businesses. The company is based in the United Kingdom, United States, China, Singapore, Continential Europe and Australia. Reed Business Information is a division of Reed Elsevier and is often referred to as RBI. The company produces industry specific data services and tools, online community and job sites as well as business magazines. It provides services to many sectors including chemicals, agriculture, finance, science and aerospace. Among its most well-known brands are Variety and New Scientist.
The trade magazine industry has been under pressure in recent years, and the parent company made several efforts to sell either part or all of RBI. In early 2008 Reed Elsevier said it was considering a sale of the entire division.[1] In February 2009 Ian Smith was named CEO, and the decision to divest was cancelled.[2]
Since 2009 Reed Business Information has focussed on data services and online marketing solutions.
In 2011 RBI continued to reshape its portfolio, making three significant acquisitions. In January 2011, RBI completed the transaction to take majority ownership of CBI China, the market-leading petrochemical and energy information service in China, strengthening its chemicals pricing service (ICIS) global position. In June 2011 RBI acquired Ascend, a leading provider of online fleet data and valuations to the aviation industry, complementing RBI's existing data and content services and its aerospace platform, Flightglobal.
In November 2011, RBI completed the aquisition of Accuity Inc. Accuity is a leading US provider of online subscription-based data solutions for the financial services industry which enable customers to maximise the accuracy of their banking and payment transactions, and to minimise the risk of non-compliance with government regulations in these transactions. Accuity is being integrated with RBI's Bankers' Alamanac, to form BankersAccuity, establishing a global standard for payment efficiency and compliance solutions.
In 2011 RBI exited a number of magazine titles including those in the computing, social care and road transport markets in the UK, and the construction market in the Netherlands. RBI also sold the UK QSS magazine subscription fulfilment business during the course of the year.
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