Nov 8, 2011
Updates Full-Year 2011 Guidance
STERLING, VA., November 8, 2011 – Neustar, Inc. (NYSE:NSR) today completed its acquisition of Targus Information Corporation, or TARGUSinfo, which was announced on October 11, 2011. Neustar also announced it has updated its full-year 2011 guidance to reflect the completed acquisition.
“We’re pleased to announce that we have completed the acquisition of TARGUSinfo, which broadens the services we offer, accelerates our top-line growth, and creates additional long-term value for our shareholders,” said Lisa Hook, Neustar’s president and chief executive officer. “The integration of our TARGUSinfo unit significantly expands Neustar’s ability to offer a more diverse portfolio of services in the $30 billion real-time information and analytics market, better enabling us to serve our existing customers and new ones.”
TARGUSinfo is a leading provider of real-time, on-demand information services including Caller ID, providing analytics and insights to its customers over 100 billion times a year. TARGUSinfo will become Neustar’s third business segment, along with Carrier and Enterprise Services. The division will be led by Dennis Ainge, former Executive Vice President, corporate development for TARGUSinfo.
Said Ainge, “I am pleased to be joining forces with my colleagues at Neustar and excited about the opportunities to develop and deliver an even broader range of services for our combined client base. We will be focused on leveraging our technology platforms to offer leading-edge solutions to customers and penetrate new high-growth markets.”
Neustar, Inc. (NYSE: NSR) provides market-leading, innovative solutions and directory services that enable trusted communication across networks, applications, and enterprises around the world. Visit Neustar online at www.neustar.biz.