Reed Business Information (RBI) to Sell Australian Subsidiary

Posted by Joachim Bartels | Jan 19, 2013 | Australia, B2B Media, Business Information, Ownership Changes of Information Companies, Reed | 0 |

Reed Elsevier’s subsidiary, Reed Business Information (RBI), announced an agreement was reached to sell Reed Business Information Australia (RBI Australia) to leading Australasian private equity firm Catalyst Investment Managers Pty Ltd. Terms of the transaction were not disclosed.

According to RBI, the decision to sell RBI Australia reflects RBI’s increasing focus on paid content models and data services. RBI Australia is the largest B2B media company in Australia, consisting of publications, websites and online industry portals providing information to professionals in various industries.

Source: Business Strategies Group Hong Kong – www.bsgasia.com

About The Author

Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

The BIIA library is approaching 10,000 news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. The BIIA readership is widespread: between 4 to 5 thousand unique visitors access BIIA.com per month.