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Asset International Names Andrew Prozes to Board of Directors
CEO of LexisNexis Group has successfully grown global professional information businesses
NEW YORK, June 7, 2010 – Asset International, Inc. (“AI”), provider of information and technology to the institutional finance industry around the globe, has named Andrew Prozes to its Board of Directors. Mr. Prozes is Chief Executive Officer of LexisNexis Group and serves on the Board of Directors of other prominent companies and institutions.
“As our newest Board member, Andy will be integral to Asset International’s continued expansion via organic initiatives and strategic acquisitions,” said Jim Casella, Chairman and Chief Executive Officer. “His expertise in growing global professional information and technology businesses fits perfectly with Asset International’s core strategy.”
Since his appointment in 2000 as CEO, LexisNexis’ revenues have grown from $1.7 billion in 2000 to over $4 billion in 2009. Mr. Prozes transformed the company from a collection of individual country operations with two products – legal research and lawyer directories – into a strategically aligned, globally managed provider of online, technologically-based content enabled solutions. During his tenure, LexisNexis has acquired over 30 companies.
Prior to joining LexisNexis, a division of Reed Elsevier, Mr. Prozes served as Executive Vice President and Chief Operating Officer of West Group, part of the Thomson Reuters Corporation. He also was a founder of MFS Limited, which developed computer systems and services for Canada’s financial industry.
Mr. Prozes is a Director of the Cott Corporation, and is an Executive Board Member of the American Bar Association Central European and Eurasian Law Initiative. He also serves on the Boards of Reed Elsevier plc, The Atlantic Council of the United States and The Bruce Museum of Arts and Technology.
“Andy’s achievement-filled career has spanned industries and continents, and is marked by his determination to identify and exploit opportunities in an ever-changing landscape,” said Mr. Casella. He noted that this quality will be especially important as Asset International creates a greater presence in Europe and Asia.
Mr. Prozes earned an MBA from York University and his Bachelor of Mathematics from the University of Waterloo.
About Asset International
Asset International is a privately-held provider of information and technology to global pension funds, asset managers, financial advisers, banking service providers, and other financial institutions in the private and public sector. Its industry-leading brands include Strategic Insight, SIMFUND, PLANSPONSOR, PLANADVISER, Global Custodian, and The Trade. The company was acquired in January 2009 by Austin Ventures and has offices in New York, London and Stamford, CT.
About Austin Ventures
Austin Ventures (“AV”) is the most active venture capital and growth equity firm in Texas and one of the most established in the nation. With an investment focus on Internet and information services, software, new media, business services and supply chain, and financial services, AV invests at all stages of company development, including early-stage, expansion rounds, minority recapitalizations, and buyouts. AV has $3.9 billion under management. Visit austinventures.com for more information.
Contact: Diane Green, Ben-Abraham Associates, 212.867.0133, diane@benabe.com
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