Senior Management Recruitment
Spectrum played an active role in recruiting Simon Longfield as CFO and Stephen Potter (former CIO at portfolio company World-Check) as CIO.
Spectrum identified London-based Business Monitor International (BMI) as a distinctive information services provider, offering highly structured, consistent coverage and employing a unique ‘Total Analysis’ methodology applied to global forecasting, risk ratings and analysis.
BMI’s founders chose to partner with Spectrum based on the firm’s experience scaling similar information services companies and flexible approach to ownership & governance. By the time of BMI’s acquisition by Fitch Ratings, the company had grown its global subscriber base to over 8,000 businesses, banks, governments and academia worldwide, including 400 of the Global Fortune 500 and its analysis covered 175 countries and 24 industries.
Spectrum played an active role in recruiting Simon Longfield as CFO and Stephen Potter (former CIO at portfolio company World-Check) as CIO.
BMI expanded its global content coverage and opened offices in New York, Singapore, Hong Kong, and Cape Town.
Spectrum assisted management with operational improvements including upgrading financial reporting and the planning of BMI’s next generation portal platform.
Following a comprehensive review of the M&A landscape, the company acquired Espicom, a specialist provider of business intelligence on the medical device, pharmaceutical and therapeutic industries.
BMI’s revenue grew by 27% annually and its premium Business Monitor Online service grew from 45% to 80% of revenue.
The addition of BMI strengthens and expands Fitch Group's client offering in financial information services creating a robust and insightful content platform.
Read moreBusiness Monitor Online database is the latest publisher to join the ever-growing list of resources distributed by Academic Rights Press into the UK academic sector.
Read moreThe growth investment from Spectrum Equity will accelerate the expansion of BMI's portfolio of services, and position the company to execute on its global expansion strategy.
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