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French Neopost buys Dutch data quality specialist Human Inference.

M2 EQUITYBITES-November 30, 2012-French Neopost buys Dutch data quality specialist Human Inference(C)2012 M2 COMMUNICATIONS

30 November 2012 - French mailroom equipment supplier Neopost SA (EPA:NEO) said today it had completed the purchase of Dutch data quality solution provider Human Inference Enterprise BV from several investment funds including Belgium's Gimv NV (EBR:GIMB).

The acquired business' solutions will broaden Neopost's own data quality products and services along with the postal address management solutions developed by its Satori Software unit, Denis Thiery, chairman and CEO of the buyer, stated. The financial terms of the transaction were not disclosed.

In a separate statement, Gmvi said the stake sale has had a positive effect of EUR5.2m (USD6.8m) on its equity value as at 30 September 2012.

Arnhem-based Human Inference is engaged in the development of master data management solutions for customer databases. The firm, with a staff of around 40, has operations in Denmark, Germany and the Netherlands. It is projected to report revenues of some EUR11m this year.

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Publication:M2 EquityBites (EQB)
Date:Nov 30, 2012
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