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December 22, 2004

ChoicePoint beefs up analytics with i2 buy

ChoicePoint Inc has added a new layer of business intelligence to its investigative solutions portfolio by purchasing British data analysis software firm i2 Ltd, in a deal estimated at around $90 million.

By CBR Staff Writer

Alpharetta, Georgia-based ChoicePoint says that i2’s technology will bolster the data analytics and visualization capabilities of its online public sector identification and credential verification solutions.

ChoicePoint specializes in developing application-based public record information tools for locating people and businesses, identifying assets, exposing fraud, and uncovering background information.

Cambridge-based i2 is a niche supplier of analytic software that helps organizations make sense of complex and disparate information. Its investigative and link analysis software is used mainly in the intelligence and law enforcement sectors.

i2 employs 205 people and grew its revenue an impressive 92% to $28.5 million in its last full fiscal year. The company has around 2,000 customers across the world and claims over 30% are Global 100 firms.

ChoicePoint, meanwhile, grew its revenue a modest 9% to $750.4 million in the last fiscal year and turned over a healthy profit of $142 million.

The transaction, which comprises an initial payment of $90.2 million and an additional performance-related earn out option of $10 million, is expected to close on or before January 2005.

ChoicePoint says that i2’s international product development, support and sales operations are likely to stay put in its Cambridge, England headquarters. i2’s Washington DC offices will also continue to operate as before.

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ChoicePoint also acquired Inc and Templar Corp in 2004 to bolster its analytic and distribution capabilities.

Both companies operated out of the Washington DC area.

As a result of these acquisitions, ChoicePoint reorganized its product lines into business and government services in its first quarter this year.

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