William Turvill of The Sunday Times of London interviews Mike Danson, who wants to build the Bloomberg of Britain.
Turvill writes, “The reason Danson has reluctantly agreed to expose himself to awkward questions is to raise the profile of GlobalData, which he is about to move from the Aim market for small companies to the London Stock Exchange’s main market. His goal is to establish the firm, currently valued at £1.6 billion, as Britain’s answer to Bloomberg. “The Bloomberg of industries,” is how he puts it.
“Bloomberg, a financial data giant led by former New York mayor Mike Bloomberg, has established its information portal, the Terminal, as a must-have service for bankers and traders. Danson says GlobalData is earning the same status across numerous industries and sectors, such as pharmaceuticals and food production. The idea is that a pharma company, for example, will buy a subscription to GlobalData in order to access its large patents database, its clinical trial records and its company hiring data. GlobalData has developed an AI assistant to produce industry reports for clients and, as with the Terminal, a single subscription costs around £20,000 a year.”
Read more here. Danson also owns Progressive Media International, publisher of publications such as Cranes Today, Tunnels & Tunnelling and Wood Based Panels International.
