Media Fortune Fame & Folly

Informa bank data JV in US

Informa plc, of the UK, has acquired the privately-owned New York-based Novantas, a fellow banking sector data provider, by merging it with its own FBX (Financial Benchmarking & Omnichannel Experience), giving Informa a 57% stake of the combined business. Inflexion private equity is the other investor in the newly-merged entity. Both information businesses provide data to US retail banks with Informa having strength within the mortgage market and Novantas specialising in deposits. Novantas was established in 1999.