Sterling, Va. – Neustar, a Sterling, Va.-based provider of network addressing, routing and policy management services to the telecom and Internet industries, said it has completed its $650 million acquisition of Vienna-based Targusinfo, a developer of information services designed to help clients gain real-time insight into customers and prospects.
The deal was first announced a month ago.
Lisa Hook, Neustar’s president and chief executive officer, said the acquisition “significantly expands Neustar’s ability to offer a more diverse portfolio of services in the $30 billion real-time information and analytics market.”
Targusinfo processes more than 100 billion transactions a year, generating $149 million in revenue over the last 12 months. The company specializes in caller ID and online information services, such as lead verification and scoring.
Targusinfo will become Neustar’s third division, along with Carrier and Enterprise Services, and be led by Dennis Ainge, the company’s former executive vice president of corporate development.
This article was also published in Potomac Tech Wire.
Related links:
Press release – http://tinyurl.com/7uzen8s
Photo by Flickr user lrargerich/Luis Argerich, used under Creative Commons license
