Newsletter 20 February 2008

Takeover of Mediafin subsidiary TBM by vwd group is official!

Last month we informed you that vwd group and Mediafin were negotiating the takeover of Mediafin subsidiary Tijd Beursmedia (TBM) by vwd group. 
Today, we are pleased to announce that these negotiations have been successfully completed and that TBM, retroactively as of 1 January 2008, is part of the vwd group.

Why a strategic partner for TBM?

Mediafin came to the decision to sell its subsidiary, TBM, in order to be able to fully focus on its core business; dissemination of news and information in the areas of finance and business through newspapers, magazines and the Internet. Taking into account the difference between Mediafin’s core business and that of TBM, which is the delivery of financial content and matching solutions, Mediafin was not able to sufficiently support its subsidiary to a point that would allow TBM to achieve its desired growth. Therefore, the search for a strategic partner for TBM began, leading to a strategic partnership with VWD Group.

VWD Group

The VWD Group is a leading financial service provider. The company collects, processes and disseminates global financial information for its customers, which includes retail banking, private banking and wealth management. Additionally, VWD group has many years of experience in the development and operation of trading platforms. In close cooperation with its customers, VWD group develops products and services that satisfy the needs of those customers.

The group has over 300 employees in 13 locations in Germany, Switzerland and France. It is an international organisation that maintains close ties with local financial markets. The best-known brands of VWD group include, Finanztreff.de, VWD Fondsservice, VWD Market Manager, VWD Portfolio Manager, TradeLink and Tai-pan.
VWD group has been the market leader in the German speaking regions of Europe. With the takeover of TBM, VWD Group expects to extend this market leadership to the Dutch and French speaking regions of Europe.

The benefits to TBM and its customers

For TBM the takeover by VWD includes a platform for growth through business know-how and scale benefits in the areas of:

• Product offer and development
• Sales and marketing
• Purchase and production of content
• Technology
• Local and international growth potential in diverse market segments.

For TBM clients, this means an increase in the product and service offer, which will allow TBM to meet their client’s ever-increasing demands.

Contact

If you have any questions concerning this report you may contact Danny Bresseleers, General Manager - TBM or Arnout van der Swaluw, Business Director - TBM. They can be reached at +32(0) 4-7579 07 69 (BE) and +31(0) 6-5199 18 94 (NL), respectively.

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