DMGT announces that it is exploring strategic options for EDR, a US property information business that generated $26 million of operating profit from $71 million of revenue in FY 2016 and is part of the dmg information division. The strategic options being considered include the potential sale of the business, which would be consistent with DMGT’s key strategic priorities of increasing portfolio focus and enhancing financial flexibility.
“This process has been enlightening for EDR and we are excited about the next chapter of our story” commented Chris Aronson, EDR’s CEO, “As we near the later stages of this process, we look forward to sharing the outcomes with our clients and employees.”
EDR is the leader in property due-diligence and risk management technology and information. Its Collateral360 platform is an enterprise SaaS workflow platform that ensures compliance with the lender’s risk policies — consolidating disparate processes and constituencies into one collaborative workspace.
For analyst and institutional enquiries:
- Tim Collier, Chief Financial Officer +44 20 3615 2902
- Adam Webster, Head of Management Information and Investor Relations +44 20 3615 2903
For media enquiries:
- Alex Moorhouse, Head of Communications T. +44 (0)20 3615 2245
M. +44 (0)7825 901 053
DMGT manages a diverse, multinational portfolio of companies, with total revenues of almost £2 bn, that provide businesses and consumers with compelling information, analysis, insight, events, news and entertainment. DMGT is also a founding investor and the largest shareholder of Euromoney Institutional Investor PLC and ZPG Plc.