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.
Informa bank data JV in US
