LONDON, April 26, 2011 /PRNewswire/ -- MergerID today announced it has passed a major development milestone after attracting 1,040 sell-side mandates, with aggregate revenues of $27.3 billion, on the M&A matching platform.
The London-based company, operated by The Mergermarket Group - a subsidiary of Pearson, the education, media and publishing group - also reported that almost 4,000 projects on both the buy and sell side are presently live on the world's leading online platform of which 1,743 are located in the EMEA region, 1,225 in the Americas and 840 in Asia.
Jonathan Goor, MergerID Managing Director, said: "The rapid acceptance and growth of MergerID reflects our close consultation with and responsiveness to online members, both at the design stage and ongoing development of the platform. Our unique vetting procedures combined with confidentiality and control features have encouraged members to expand their dealings with a trusted global community of credible counterparties."
The business, launched in September 2009, facilitates connections between decision-makers on the buy and sell sides, irrespective of geography, through the use of powerful online matching technology in a secure and vetted environment.
MergerID has been active across the entire range of industrial and service sectors. The live platform has proved particularly powerful in new growth areas of the economy such as green technologies, characterised by many new potential market entrants but relatively few M&A deals on record.
Daniel Confino, MergerID founder, said: "MergerID shrinks the distance, removes the barriers, and helps close the knowledge-gap between the various parties in the M&A market. By connecting at the decision-maker level, MergerID makes practical the inclusion, even in a tight timetable, of credible but less obvious, previously unknown and surprising counterparties. By the same token, buyers can ensure greater deal flow from improved visibility and timely inclusion via MergerID".
Within 20 months of its launch, MergerID has secured a subscription base of more than 1,700 firms drawn from the corporate, private equity, family office and business advisory community. Today, over 11,000 live matched postings are connecting buyers and sellers globally.
MergerID helps decision makers on the buy and sell sides to make introductory contact, leading to the exchange of business details and thereafter leaves the parties to pursue deals in the usual way. It plays no part in transaction management or the negotiation process.
The advent of MergerID has played well to the rapidly growing demand from new entrants to the M&A market globally, including BRIC countries, which have previously been overlooked or proved hard to contact at the right level by conventional means.
NOTE TO EDITORS:
MergerID provides a secure online environment, for principals and professionals, to post and view M&A opportunities. MergerID is part of the Mergermarket Group, a division of the Financial Times Group, publisher of the Financial Times newspaper, FT.com and is a division of Pearson plc, the international education, publishing and media group.