| Parent: | Observer Capital |
| Country: | United States |
| Headquarters: | New York City |
| Publications: | Magazines, newspapers, websites |
| Revenue: | $254.6 million |
| Numemployees: | 400 |
Arizent, formerly known as SourceMedia, is a diversified business-to-business digital media company owned by Observer Capital, which acquired the company from Investcorp in August 2014.[1] Formerly the Thomson Media division of The Thomson Corporation, SourceMedia was spun off and sold by Thomson to Investcorp in 2004 for $350 million.[2]
Based in New York City, SourceMedia has offices in the Washington suburb of Arlington, Virginia and Atlanta.
In 2009, Investcorp split the company into two, creating Accuity as a semi-autonomous unit within SourceMedia. Accuity was the Registrar[3] of Routing Numbers for the American Bankers Association, responsible for the assignment of routing numbers for banks in the United States, and was a leading worldwide provider of payment routing data, software and services. In 2011, Accuity was sold to Reed Elsevier for $530 million.[2]
In February 2012, SourceMedia announced the adoption of a new company logo. The company's "new trademark icon depicts an array of screen-shaped pixels assembled in the shape of a three-dimensional hub."[4]
In September 2012, it was reported that Investcorp would be selling the remainder of SourceMedia. In 2014, SourceMedia was sold to Observer Capital.[5] This is the first major acquisition for Observer Capital, which was founded in 2013 by Joseph Meyer.
The company's key brands include American Banker, The Bond Buyer, Mergers & Acquisitions, Financial Planning, On Wall Street, Accounting Today, National Mortgage News, Digital Insurance, Health Data Management, and Employee Benefit News.
American Banker is a leading website and newspaper of record for the banking industry; The Bond Buyer, a website and daily newspaper focused exclusively on the municipal bond industry; as well as National Mortgage News, a website and weekly covering the U.S. mortgage industry; and Mergers & Acquisitions, a monthly magazine providing news, commentary and analysis about corporate mergers and acquisitions.[6]