28th May 2015 12:37
LONDON (Alliance News) - Software supplier Access Intelligence PLC on Thursday said it has made a conditional offer to buy the UK and Irish businesses of PR software, marketing and media intelligence companies Cision UK Ltd and Vocus UK Ltd.
Access did not provide any details on the value of the acquisition. The businesses are being sold by GTCR Canyon UK Investments Ltd as a remedy suggested by the UK's Competition and Markets Authority to gain approval for its purchase of Gorkana Group, the media monitoring and database company.
GTCR has proposed Access Intelligence and Innodata Inc, a US outsourcing and consulting firm, as potential buyers of the Cision UK and Vocus UK businesses.
Shares in Access Intelligence were down 4.4% to 2.75 pence on Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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