Telecommunications firm NeuStar to buy Targus for $650 million news
12 Oct 2011
Telecommunications firm NeuStar Inc, a 1999 spin off from Lockheed Martin, has agreed to buy privately-held Targus Information Corp, a provider of caller identification services, for about $650 million in cash.
Vienna, Virginia-based Targus provides real time information services. Its services help retailers, call-center operators, Web-based marketers, and wireless carrier to identify, verify and location of their customers.
It has a portfolio of 21 patents and its services handle over 100 billion transactions per year for businesses in North America.
Targus generated approximately $149 million in revenues for the twelve months ended 30 September 2011, representing 20 per cent year-over-year growth.
Neustar's businesses include managing global telephone number and IP address databases that connect telecommunications carriers' customers around the world, securely routing worldwide Internet traffic and serving as the neutral coordinator to the world's leading media companies, enabling consumers to access movies, TV shows and other cloud-based digital content on any device.
Both Neustar and Targus manage unique, secure databases that allow companies to find, connect and authenticate customers across the Internet and voice networks, whether fixed line, cable, or mobile.
