Spectrum Equity Investors backs Business Monitor International

The investment will accelerate the expansion of BMI’s portfolio of services, and position the company to execute on its global expansion strategy. Following the transaction, Chris Mitchell and Adam Margolin from Spectrum will join the BMI board of directors.

“BMI is a perfect fit for Spectrum, given our focus on rapidly growing, profitable providers of information services," said Chris Mitchell, managing director of Spectrum Equity Investors. "The company's ability to integrate industry-specific data, trending, and structural analysis with its proprietary macroeconomic country risk models provides unique value to clients around the world. Furthermore, unlike traditional market research vendors who either publish irregularly or cover market segments selectively, BMI's innovative 'always current' approach leads the field."
 
Founded in 1994, Spectrum manages over $4bn in capital across five funds. Spectrum has been an investor in online and electronic information service providers such as RiskMetrics Group, World-Check, Seisint, Ancestry.com, iPay Technologies, Passport Health Communications and SurveyMonkey.

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