LONDON, Aug 21 (Reuters) - European information group Relx
has agreed to buy Britain's SciBite, a provider of big
data analytics in the pharmaceutical and healthcare industries,
as part of its drive towards more digital analysis.
Relx, which has transformed from a traditional media
publisher to one focusing on data and analytics across a range
of industries, is paying around 65 million pounds ($86 million),
a person familiar with the situation told Reuters.
The company, which has been hit during the pandemic by the
suspension of corporate events, has grown organically for
several years while adding some acquisitions in the area of data
assets and analytics.
SciBite, founded in 2011, is based in the British science
hub of Cambridge. It spots scientific insight by analysing vast
quantities of text and content to help customers make decisions
on R&D.($1 = 0.7579 pounds)
(Reporting by Kate Holton; Editing by Nick Macfie)