Company type | Public |
---|---|
ISIN | GB00B2B0DG97 |
Industry | Information and analytics |
Predecessor |
|
Founded | August 1993 (by merger) |
Headquarters | London, England, UK |
Key people |
|
Products | Information and data analytics, academic and business publishing, exhibitions |
Revenue | £9.161 billion (2023) [1] |
£2.682 billion (2023) [1] | |
£1.788 billion (2023) [1] | |
Total assets | £14.917 billion (2023) [1] |
Total equity | £3.439 billion (2023) [1] |
Number of employees | 36,500 (2023) [1] |
Subsidiaries | |
Website | relx |
RELX plc (pronounced "Rel-ex") is a British [2] multinational information and analytics company headquartered in London, England. Its businesses provide scientific, technical and medical information and analytics; legal information and analytics; decision-making tools; and organise exhibitions. It operates in 40 countries and serves customers in over 180 nations. [3] It was previously known as Reed Elsevier, and came into being in 1993 as a result of the merger of Reed International, a British trade book and magazine publisher, and Elsevier, a Netherlands-based scientific publisher.
The company is publicly listed, with shares traded on the London Stock Exchange, Amsterdam Stock Exchange and New York Stock Exchange (ticker symbols: London: REL, Amsterdam: REN, New York: RELX). The company is one of the constituents of the FTSE 100 Index, AEX Index, Financial Times Global 500 and Euronext 100 Index.
The company, which was previously known as Reed Elsevier, came into being in 1993, as a result of the merger of Reed International, a British trade book and magazine publisher, and Elsevier, a Netherlands-based scientific publisher. [4] The company re-branded itself as RELX in February 2015. [5]
In 1895, Albert E. Reed established a newsprint manufacturing operation at Tovil Mill near Maidstone, Kent. [6] The Reed family were Methodists and encouraged good working conditions for their staff in the then-dangerous print trade. [7]
In 1965, Reed Group, as it was then known, became a conglomerate, creating its Decorative Products Division with the purchase of Crown Paints, Polycell and Sanderson's wallpaper and DIY decorating interests. [8]
In 1970, Reed Group merged with the International Publishing Corporation and the company name was changed to Reed International Limited. [6] The company continued to grow by merging with other publishers and produced high quality trade journals as IPC Business Press Ltd and women's and other consumer magazines as IPC magazines Ltd. [6] Reed entered the United States in 1977 by acquiring Cahners Publications, founded by Norman Cahners. [9]
In 1985, the company decided to rationalise its operations, focusing on publishing and selling off its other interests. Sanderson was sold to WestPoint Pepperell, Inc. of Georgia, United States, that year, [8] while Crown Paint and Polycell were sold to Williams Holdings in 1987. [10] The company's paper and packaging production operations were bundled together to form Reedpack and sold to private equity firm Cinven in 1988. [11] Reed expanded its publishing by acquiring Technical Publishing from Dun & Bradstreet. [12]
In 1880, Jacobus George Robbers started a publishing company called NV Uitgeversmaatschappij Elsevier (Elsevier Publishing Company NV) to publish literary classics and the encyclopedia Winkler Prins . [6] Robbers named the company after the old Dutch printers family Elzevir, [6] which, for example, published the works of Erasmus in 1587. Elsevier NV originally was based in Rotterdam but moved to Amsterdam in the late 1880s. [6]
Up to the 1930s, Elsevier remained a small family-owned publisher, with no more than ten employees. After the war it launched the weekly Elsevier magazine, which turned out to be very profitable. A rapid expansion followed. Elsevier Press Inc. started in 1951 in Houston, Texas, USA, and in 1962 publishing offices were opened in London and New York. Multiple mergers in the 1970s led to name changes, settling at "Elsevier Scientific Publishers" in 1979. In 1991, two years before the merger with Reed, Elsevier acquired Pergamon Press in the UK. [13]
Cahners Publishing, founded by Norman Cahners, was the largest U.S. publisher of trade [14] or business magazines as of his death in 1986. Reed International acquired the company in 1977. [15] [16]
Division or subsidiary of RELX | Date | Acquisition | Value |
---|---|---|---|
Cahners Publishing | 1986-09 | Technical Publishing Inc, a publisher of industrial, medical and technology trade magazines, from Dun & Bradstreet | $250 million [17] |
Reed Elsevier | 1993-08 | Official Airline Guides Inc, a publisher of airline schedules | $425 million [18] |
Reed Elsevier | 1994-10 | LexisNexis, an on-line information business | $1.5 billion [19] |
Reed Elsevier | 1997-03 | MDL Information Systems Inc, a US software systems and information database developer | $320M [20] |
Reed Elsevier | 1997-06 | Chilton Business Group, a US business information publishing company | $447M [21] |
Reed Elsevier | 1998-04 | Matthew Bender & Company Inc, a US publisher of legal information | $1.65bn [22] |
Reed Elsevier | 2000-10 | Harcourt, an education publishing business | $4.5bn plus debt [23] |
LexisNexis | 2004-07 | Seisint of Boca Raton, Florida, which provided the company with access to HPCC Systems for the first time | $775M [24] |
Reed Elsevier | 2005-05 | Medimedia, a medical publisher whose imprints included Medicine Publishing and Masson | $270M [25] |
Reed Elsevier | 2008-02 | Choicepoint, which had been a spinoff of Equifax's Insurance Services Group in August 1997. The acquisition was completed in September 2008. | $4.1bn [26] [27] |
Reed Business Information | 2011-06 | Ascend, a London-based civil aviation data analytics company [28] | Undisclosed |
Reed Elsevier | 2011-11 | US online-data business Accuity Holdings Inc. from investment firm Investcorp | £343M ($530.1M) [29] |
LexisNexis Legal & Professional | 2012-03 | Law360, a US-based online provider of legal information and analysis [30] | Undisclosed |
Elsevier | 2013-04 | Mendeley, a London-based desktop and web program for managing and sharing research papers, discovering research data and collaborating online [31] | Undisclosed but up to $100M |
LexisNexis Risk Solutions | 2013-09 | Mapflow, a Dublin-based group that helps insurance companies assess geographic risk, in particular in relation to flooding [32] | Undisclosed |
LexisNexis Risk Solutions | 2014-04 | Tracesmart, a UK-based provider of tracing, identity verification, fraud prevention and anti-money laundering software [33] | Undisclosed |
LexisNexis Risk Solutions | 2014-05 | Wunelli, a telematics data business which uses driving data for insurers, enabling them to reduce risk exposure and deliver discounts to safer drivers [34] | £25m |
Accuity | 2014-09 | Fircosoft, a Paris-based anti-money laundering company [35] | €150M |
LexisNexis Risk Solutions | 2014-11 | Health Market Science (HMS), a supplier of high quality data about US healthcare professionals [36] | Undisclosed |
LexisNexis Risk Solutions | 2015-01 | BAIR Analytics, a US-based law enforcement data company [37] | Undisclosed |
LexisNexis Legal & Professional | 2015-07 | MLex, a media organization providing exclusive analysis and commentary on regulatory risk [38] | Undisclosed |
Reed Business Information | 2015-10 | Adaptris, a fast-growing supply chain integration business [39] | Undisclosed |
LexisNexis Legal & Professional | 2015-11 | Lex Machina, a US-based online provider of legal analytics [40] | Undisclosed |
LexisNexis Risk Solutions | 2016-07 | Insurance Initiatives, Ltd. (IIL), a business which provides a data distribution platform that extracts, hosts and processes large quantities of data to deliver information predominantly into the point-of-quote in the UK's Property & Casualty Insurance industry. [41] | Undisclosed |
LexisNexis Legal & Professional | 2017-06 | Ravel Law, a San Francisco-based legal analytics company [42] | Undisclosed |
LexisNexis Risk Solutions | 2018-01 | ThreatMetrix, one of the largest repositories of online digital identities in the world | £580M ($830M) [43] |
Reed Exhibitions | 2018-02 | Gamer Network, a mass media video game journalism company [44] | Undisclosed |
LexisNexis Risk Solutions | 2020-01 | ID Analytics [45] | $375m |
LexisNexis Risk Solutions | 2020-02 | Emailage [46] | $480m |
Elsevier | 2020-08 | Scibite [47] | £65m |
Elsevier | 2022-06 | Interfolio [48] | Undisclosed |
RX | 2023-07 | Corp Events [49] | Undisclosed |
In February 1997, Reed Elsevier divested its trade publishing group (including Heinemann, Methuen, Secker & Warburg, Sinclair-Stevenson, Mandarin, Minerva and Cedar) to Random House. [50] In 1998, Reed Elsevier sold the children's divisions of Heinemann, Methuen, Hamlyn and Mammoth to the Egmont Group. [51]
In February 2007, the company announced its intention to sell Harcourt, its educational publishing division. [52] On 4 May 2007 Pearson, the international education and information company, announced that it had agreed to acquire Harcourt Assessment and Harcourt Education International from Reed Elsevier for $950m in cash. [53] In July 2007, Reed Elsevier announced its agreement to sell the remaining Harcourt Education business, including international imprint Heinemann, to Houghton Mifflin for $4 billion in cash and stock. [54]
Between 2006 and 2019, in 65 separate deals, the company systematically sold its 300 print, business to business magazine titles, reducing the proportion of print revenues from 51% to 9%. [55] Advertising, which had been the largest source of revenues when RELX was founded, represented just 1% of sales in 2018. [56]
In July 2009, Reed Elsevier announced its intention to sell most of its North American trade publications, including Publishers Weekly , Broadcasting & Cable , and Multichannel News , although it planned to retain Variety . [57]
In April 2010, Reed Elsevier announced that it had sold 21 US magazines to other owners in recent months, and that an additional 23 US trade magazines, including Restaurants & Institutions, Hotels, and Trade Show Week would cease publication. The closures were mostly due to the weak economy including an advertising slump. [58]
Variety, the company's last remaining North American title, was sold in October 2012. [59]
In 2014, Reed Business Information sold BuyerZone, an online marketplace; emedia, an American provider of research for IT buyers and vendors; and a majority stake in Reed Construction Data, a provider of construction data. [60] [61] [62]
In 2016, RELX sold Elsevier Weekly and BeleggersBelangen in the Netherlands. [63]
In 2017, the company sold New Scientist magazine. [64]
In January 2019, RBI sold its Dutch agricultural media and selected international agricultural media portfolio (including Poultry World) to Doorakkeren BV. [65]
In August 2019, Flight International and FlightGlobal were sold to DVV Media Group. [66]
In December 2019, RBI announced plans to sell the Farmers Weekly magazine title, website and related platforms, events and awards to MA Agriculture Limited, part of the Mark Allen Group. [67]
In May 2024, RX sold the Gamer Network to IGN Entertainment, division of Ziff Davis. However, it retained the EGX convention and Popverse. [68] [69]
RELX's Scientific, Technical & Medical business provides information, analytics and tools that help investors make decisions that improve scientific and healthcare outcomes. It operates under the name of Elsevier:
ScienceDirect, an online database of primary research, contains 18 million documents. [70]
Scopus is a bibliographic database containing abstracts and citations for academic journal articles. It contains more than 50 million items in more 20,000 titles from 5,000 publishers worldwide. [71]
Mendeley is a desktop and web program for managing and sharing research papers, discovering research data and collaborating online. [72]
Elsevier is the world's largest publisher of academic articles. It published 600,000 articles in 2021. [73] Its best-known titles are The Lancet and Cell . In 1995, Forbes magazine (wrongly) predicted Elsevier would be "the first victim of the internet" as it was disrupted and disintermediated by the World Wide Web. [74]
LexisNexis Risk Solutions provide decision-making tools which help banks spot money launderers and insurance companies weed out fraudulent claims. [75]
The business claims to have saved the state of Florida more than $60 million a year by preventing benefit fraud. [76]
Accuity provides financial crime compliance software [77] which allows institutions to comply with sanctions and anti-money laundering compliance programmes. [78] It offers Know Your Customer, KYC, online subscription-based data and software for the financial services industry. [79] The company's services include helping banks and financial institutions screen for high risk customers and transactions, [80] and providing databases such as Bankers Almanac which allows clients to find and validate bank payment routing data. [78] Accuity serves financial services clients worldwide. [79]
Cirium (previously known as FlightGlobal) provides data and aviation analytics products to the aviation, finance and travel industries. [81]
RELX's legal business operates under the LexisNexis brand. Many of LexisNexis' brands date back to the nineteenth century or earlier. These include Butterworths and Tolley in the UK and JurisClasseur in France. [82] In 2019, 85% of its revenues were electronic. The LexisNexis legal and news database contains 119bn documents and records. [83]
RELX's exhibitions business is called RX, formerly Reed Exhibitions until 2021. [84] It is the world's largest exhibitions company, running 500 shows for 140,000 exhibitors and 7m visitors. [85] [86]
ReedPop, part of RX, organises popular culture events including New York Comic Con and PAX. [87] In February 2018, ReedPop acquired Gamer Network, [88] a British mass media company that owns a number of video game journalism sites including Eurogamer, Rock Paper Shotgun and VG247. [89] Ecommerce store The Haul focused on pop culture memorabilia and merchandise was launched in 2021. [90] Popverse, a popular culture website, was founded in 2022. [91]
As of 2021, [update] the board of directors consisted of: [92]
In 2019, Harvard Business Review ranked Erik Engström the world's 11th best performing CEO. [93]
In August 2020, RELX announced Sir Anthony Habgood would retire as Chair, to be replaced by Paul Walker in the first half of 2021. [94]
From 2011 to 2014, the average annual value of acquisitions was about $300m. [35] The predictability of the company's results in recent years has led to a re-rating of the shares. [95] [96] [97]
RELX Combined [3] | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (£m) | 5,166 | 4,509 | 4,584 | 5,334 | 6,071 | 6,055 | 6,002 | 6,116 | 6,035 | 5,773 | 5,971 | 6,895 | 7,355 | 7,492 | 7,874 | 7,110 | 7,244 | 8,553 | 9,161 |
Adjusted operating profit (£m) | 1,142 | 1,081 | 1,137 | 1,379 | 1,570 | 1,555 | 1,626 | 1,713 | 1,749 | 1,739 | 1,822 | 2,114 | 2,284 | 2,346 | 2,491 | 2,076 | 2,210 | 2,683 | 3,030 |
Adjusted EPS (p) | 31.5p | 33.6p | 35.9p | 44.6p | 45.9p | 43.4p | 46.7p | 50.1p | 54.0p | 56.3p | 60.5p | 72.2p | 81.0p | 84.7p | 93.0p | 80.1p | 87.6p | 102.2p | 114.0p |
The RELX Environmental Challenge awards grants to projects advancing access to safe water and sanitation. [98]
In 2019, Mike Walsh, CEO of LexisNexis, was honoured by the UN Foundation with a Global Leadership award for the company's work in advancing the Rule of Law - recognizing the company's commitment to strengthening equality under law, transparency of law, independent judiciaries and accessible legal remedy. [99]
The Elsevier Foundation supports libraries in developing countries, women scientists and nursing facilities. [100] In 2016 it committed $1m a year, for 3 years, to programmes encouraging diversity in science, technology and medicine and promoting science research in developing countries. [101]
Programmes operated by LexisNexis Legal & Professional include:
Programmes operated by LexisNexis Risk Solutions include:
The mercury contamination of the Wabigoon River in Ontario Canada by a corporate subsidiary between 1962 and 1970 was "one of the worst cases of environmental poisoning in Canadian history." [106] [107] Reed sold the Dryden Mill to Great Lakes Forest Products in 1980. [107] As of 2017, Grassy Narrows First Nation chief Simon Fobister stated that the river remained highly contaminated. [108]
Reed Elsevier has been criticised for the high prices of its journals and services, especially those published by Elsevier. It has also supported SOPA, PIPA and the Research Works Act, although it no longer supports the last. Because of this, members of the scientific community have boycotted Elsevier journals. In January 2012, the boycott gained an online pledge and petition (The Cost of Knowledge) initiated by mathematician and Fields medalist Sir Timothy Gowers. [109] The movement has received support from noted science bloggers, such as biologist Jonathan Eisen. [110] Between 2012 and February 2023, about 20,500 scientists signed The Cost of Knowledge boycott. [111]
On 28 February 2019, following long negotiations, the University of California announced it would be terminating all subscriptions with Elsevier. [112] On 16 March 2021, following further negotiations and significant changes including (i) universal open access to University of California research and (ii) containing the "excessively high costs" being charged by publishers, the university renewed its subscription. [113]
As a data broker Reed Elsevier collected, used, and sold data on millions of consumers. [114] In 2005, a security breach occurred through a recently purchased subsidiary, Seisint, which allowed identity thieves to steal the records of at least 316,000 people. [115] The database contained names, current and prior addresses, dates of birth, drivers license numbers and Social Security numbers, among other data obtained from credit reporting agencies and other sources. In 2008 the company settled an action taken against it by the Federal Trade Commission for multiple failures of security practice in how the data was stored and protected. The settlement required Reed Elsevier and Seisint to establish and maintain a comprehensive security program to protect nonpublic personal information. [115]
Between 2005 and 2007, members of the medical and scientific communities, which purchase and use many journals published by Reed Elsevier, agitated for the company to cut its links to the arms trade. Two UK academics, Tom Stafford of Sheffield University and Nick Gill, launched petitions calling for it to stop organising arms fairs. [116] A subsidiary, Spearhead, organised defence shows, including an event where it was reported that cluster bombs and extremely powerful riot control equipment were offered for sale. [117] [118] In February 2007 Richard Smith, former editor of the British Medical Journal , published an editorial in the Journal of the Royal Society of Medicine arguing that Reed Elsevier's involvement in both the arms trade and medical publishing constituted a conflict of interest. [119] Subsequently, in June the company announced that they would be exiting the defence exhibition business during the second half of the year. [120]
In November 2019, legal scholars and human rights activists called on RELX to cease work with U.S. Immigration and Customs Enforcement because their product LexisNexis directly contributes to the deportation of illegal immigrants. [121]
An article in The Guardian in February 2022 revealed that Elsevier products and services support expanding the production aims of the fossil fuel industry. The company disclosed that it is "not prepared to draw a line between the transition away from fossil fuels and the expansion of oil and gas extraction." [122] In response, the Union of Concerned Scientists and Scientists for Global Responsibility launched a petition in 2022, and issued a response to the company's reply in 2023. UCS noted in a blog post that "Elsevier and RELX claimed to be focused on a transition to clean energy. Given the services Elsevier and RELX continue to provide, these claims are demonstrably false." [123] Scientists for Global Responsibility also noted on their website that the company's "actions fall short of meeting the standards set in their own pledges" [124] and pointed campaigners to the website of Climate Rights Coalition, [125] which revealed such concerns had been raised by employees years prior. [126]
LexisNexis Risk Solutions is a global data and analytics company that provides data and technology services, analytics, predictive insights, and fraud prevention for a wide range of industries. It is headquartered in Alpharetta, Georgia, and has offices throughout the U.S. and in Australia, Brazil, China, France, Hong Kong, India, Ireland, Israel, the Philippines, and the United Kingdom.
Wexis is a humorous portmanteau used to refer to the alleged duopoly of publishing conglomerates that dominate the U.S. legal information services industry – namely, West Publishing and LexisNexis.
Elsevier is a Dutch academic publishing company specializing in scientific, technical, and medical content. Its products include journals such as The Lancet, Cell, the ScienceDirect collection of electronic journals, Trends, the Current Opinion series, the online citation database Scopus, the SciVal tool for measuring research performance, the ClinicalKey search engine for clinicians, and the ClinicalPath evidence-based cancer care service. Elsevier's products and services include digital tools for data management, instruction, research analytics, and assessment. Elsevier is part of the RELX Group, known until 2015 as Reed Elsevier, a publicly traded company. According to RELX reports, in 2022 Elsevier published more than 600,000 articles annually in over 2,800 journals; as of 2018 its archives contained over 17 million documents and 40,000 e-books, with over one billion annual downloads.
LexisNexis is an American data analytics company headquartered in New York, New York. Its products are various databases that are accessed through online portals, including portals for computer-assisted legal research (CALR), newspaper search, and consumer information. During the 1970s, LexisNexis began to make legal and journalistic documents more accessible electronically. As of 2006, the company had the world's largest electronic database for legal and public-records–related information. The company is a subsidiary of RELX.
UBM plc was a British business-to-business (B2B) events organiser headquartered in London, England, before its acquisition by Informa in 2018. It had a long history as a multinational media company. Its main focus was on B2B events, but its principal operations included live media and business-to-business communications, marketing services and data provision, and it principally served the technology, healthcare, trade and transport, ingredients and fashion industries. UBM was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index.
Pearson plc is a multinational corporation, headquartered in the UK, focused on educational publishing and services.
Ascential plc is a British-headquartered global company, specialising in events, intelligence and advisory services for the marketing and financial technology industries. It was listed on the London Stock Exchange until it was acquired by Informa in October 2024.
Harcourt was an American publishing firm with a long history of publishing fiction and nonfiction for adults and children. The company was last based in San Diego, California, with editorial/sales/marketing/rights offices in New York City and Orlando, Florida, and was known at different stages in its history as Harcourt Brace, & Co. and Harcourt Brace Jovanovich. From 1919 to 1982, it was based in New York City.
TI Media Ltd. was a consumer magazine and digital publisher in the United Kingdom, with a portfolio selling over 350 million copies each year. Most of its titles now belong to Future plc.
EDN is an electronics industry website and formerly a magazine owned by AspenCore Media, an Arrow Electronics company. The editor-in-chief is Majeed Ahmad. EDN was published monthly until, in April 2013, EDN announced that the print edition would cease publication after the June 2013 issue.
Martindale-Hubbell is an information services company to the legal profession that was founded in 1868. The company publishes the Martindale-Hubbell Law Directory, which provides background information on lawyers and law firms in the United States and other countries. It also published the Martindale Hubbell Law Digest, a summary of laws around the world. Martindale-Hubbell is owned by consumer website company Internet Brands.
R. R. Bowker LLC is an American limited liability company domiciled under Delaware Limited Liability Company Law and based in Chatham, New Jersey. Among other things, Bowker provides bibliographic information on published works to the book trade, including publishers, booksellers, libraries, and individuals; its roots in the industry trace back to 1868. Bowker is the exclusive U.S. agent for issuing International Standard Book Numbers (ISBNs). Bowker is the publisher of Books in Print and other compilations of information about books and periodical titles. It provides supply chain services and analytical tools to the book publishing industry. Bowker is headquartered in Chatham, New Jersey, with additional operational offices in England and Australia. It is now owned by Cambridge Information Group.
Chilton Company is an American former publishing company, most famous for its trade magazines, and automotive manuals. It also provided conference and market research services to a wide variety of industries. Chilton grew from a small publisher of a single magazine to a leading publisher of business-to-business magazines, consumer and professional automotive manuals, craft and hobby books, and a large, well-known marketing research company.
EG is a provider of data, news and analytics for the UK commercial property market. It was first published in 1858, celebrated its 150th anniversary in 2008, but was set to close in 2025.
OverDrive, Inc. is a worldwide digital distributor of ebooks, audiobooks, online magazines and streaming video titles. The company provides digital rights management and download fulfillment services for publishers, public libraries, K–12 schools, colleges, universities, corporations, legal industries, and formerly retailers.
Penske Media Corporation is an American mass media, publishing, and information services company based in Los Angeles and New York City. It publishes more than 20 digital and print brands, including Variety, Rolling Stone, Women's Wear Daily, Deadline Hollywood, Billboard, The Hollywood Reporter, Boy Genius Report, Robb Report, Artforum, ARTNews, and others. PMC's Chairman and CEO since founding is Jay Penske.
The Oil & Gas Journal is a leading petroleum industry weekly publication with a worldwide coverage. It is headquartered in Tulsa, Oklahoma and the journal has a major presence in Houston, Texas. The journal is published by Endeavor Business Media. Its publisher is Paul Westervelt, and editor is Bob Tippee. The first issue was published in 1902. Its online information services started in 1994.
Thompson Media Group, LLC, originally established as Thompson Publishing Group, Inc. was founded in 1972 by Richard E. Thompson. Thompson Media Group is an American privately held media company that specializes in providing compliance, regulatory, and market information through its four operating units: Thompson Information Services, The Performance Institute & American Strategic Management Institute, AHC & BioWorld, and Sheshunoff Information Services, A.S. Pratt, & Alex Information. Thompson Media Group, LLC, is based in Washington, DC. Thompson Media Group LLC established their name during reorganization in 2011.
Tolley is a British publishing company that publishes reference books on tax.
Northstar Travel Group is a publications and event management company focused on the travel industry. The company's brands include Business Travel News, Travel Procurement, The Beat, Travel Weekly, Travel Pulse, TravelAge West, Travel Weekly China, Successful Meetings, Meetings & Conventions, Incentive, M&C China, Travel42, Axus Travel App, and Web in Travel. It also owns Phocuswright, a research, business intelligence, and event producer serving the travel technology industry, and its publication, Phocuswire. The company produces more than 80 events in 13 countries related to the travel industry, including the Phocuswright Conference, ALIS, The Business Travel Show, The Meetings Show, Web in Travel, CruiseWorld, Global Travel Marketplace, and TEAMS. It owns a majority of Inntopia.