GlobalData Plc
Trading Update
Trading In line for FY24
Bolt-on Acquisition of LinkUp
GlobalData Plc (‘GlobalData’ or the ‘Group’), a leading data, analytics, and insights platform, today announces an update on trading and strategic progress.
Having entered the second half of 2024 in a strong financial position, the Group continues to trade in line with FY24 expectations.
As part of our Growth Transformation Plan 2024-26, we continue to actively pursue organic and inorganic growth opportunities. Deployment of capital is underway following our deal with Inflexion to support growth through a bolt-on M&A strategy. We are driving confidently towards our target of £500m annual revenue by the end of the three-year growth plan.
As part of this, the Group has completed the acquisition of LinkUp, the leading provider of global job market data.
Founded in 2007, LinkUp delivers labour intelligence of the highest accuracy, timeliness, and quality to leading hedge funds, financial services firms, and human capital management organisations. This addition represents further execution against our bolt-on acquisition strategy, adding to the Group’s growing strategic intelligence offering as well as strengthening its presence within the financial markets audience.
Mike Danson, Chief Executive Officer of GlobalData PLC, commented: “As part of our ongoing efforts to invest and scale our One Platform to make it the best it can be, this complementary acquisition of LinkUp offers our new and existing clients significant value by adding real-time proprietary technology that indexes millions of job listings. We are trusted to provide our clients with actionable insights to make informed decisions and this is a good fit to our must-have and in-demand dataset. Our One platform, supported by AI, gives our clients access to proprietary data, analytics, and insights tailored as a solution to their specific use-case.”
ENQUIRIES
| GlobalData Plc | |
| Mike Danson, Chief Executive Officer | 0207 936 6400 |
| J.P. Morgan Cazenove (Nomad, Joint Broker) | 0203 493 8000 |
| Bill Hutchings | |
| Mose Adigun | |
| Panmure Liberum (Joint Broker) | 0207 886 2500 |
| Rupert Dearden | |
| Investec Bank plc (Joint Broker)Henry ReastVirginia Bull | 0207 597 5970 |
| FTI Consulting (Financial PR) | 0203 727 1000 |
| Edward Bridges | globaldata@fticonsulting.com |
| Dwight Burden | |
| Emma Hall |