REG - XLMedia PLC - Acquisition of leading US personal finance website

XLMediaAnnouncement

05/07/2018 07:05

RNS Number : 6475T
XLMedia PLC
05 July 2018
 






For immediate release


5 July 2018




 
XLMedia PLC
("XLMedia" or the "Group" or the "Company")
 
Acquisition of leading American personal finance website
 
XLMedia (AIM: XLM), a leading provider of digital performance marketing, is pleased to announce the acquisition of InvestorJunkie.com ("InvestorJunkie"), a leading US personal finance website, for a total cash consideration of US$5.8 million.
 
InvestorJunkie is a website focused on providing information and reviews of various investment channels and financial products, including banking, stock brokers, robo advisors, lending, retirement accounts and more. The acquisition is expected to complete in the second half of 2018.
 
The acquisition of InvestorJunkie both broadens the Company's North American footprint and strengthens its personal finance sector reach, a key growth vertical for the Group. InvestorJunkie will be integrated into XLMedia's propriety Palcon infrastructure, which will enable the Group to improve day to day performance of the site.
 
Ory Weihs, Chief Executive Officer of XLMedia, commented:
"We are delighted to announce the acquisition of InvestorJunkie, a very well known brand in North America. The U.S. personal finance market is a key growth market for our business, and this latest acquisition reaffirms our commitment to further diversify our revenue base.
"We are continuing to build a strong foothold in the North American market and look forward to accelerating our growth strategy to further leverage both our skillset and technology platform in what is a relatively nascent sector."
 
 
For further information, please contact:
 




XLMedia plc
Ory Weihs
www.xlmedia.com
 


Via Vigo Communications




Vigo Communications
Jeremy Garcia / Fiona Henson / Kate Rogucheva
www.vigocomms.com
 


Tel: 020 7390 0231




Cenkos Securities plc (Nomad and Joint Broker)
Camilla Hume / Mark Connelly
www.cenkos.com
 


Tel: 020 7397 8900




Berenberg (Joint Broker)
Chris Bowman / Mark Whitmore
www.berenberg.com
 
 


Tel: 020 3207 7800




 
 




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