Extel was acquired by United Newspapers in 1987.2 In 1991, Extel set up a joint venture with Agence France Presse to create a financial news service, AFX News.3 Pearson plc acquired Extel in 19934 and merged it as Financial Times Information into its Financial Times division. Financial Times reorganised the company into two divisions: Market Data and Research. The research division retained the Extel branding. Primark acquired the Extel brand from Pearson in 19995 and it became part of Thomson Financial in 2000. AFP's share in AFX News was sold in 2006 to Thomson Financial.6 Thomson Financial and Extel itself was then merged into Thomson Reuters in 2007.7 By this time, and essentially since 1999, the only commercial and operational part of Extel was the Extel Survey.
In 2016, WeConvene, a cloud-based corporate access platform acquired Extel, and subsequently sold 8in 2018 to their larger competitor, Institutional Investor, at that time owned by Euromoney. The two survey operations combined to form Institutional Investor Research (II Research). In November 2022, Euromoney was delisted following a purchase by a private equity consortium9 and II Research was separated from Institutional Investor. In September 2024 II Research rebranded, resurrecting its dormant trading name Extel.
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Ipsen, Erik (13 February 1992). "AFP and Financial Wires Encroach on Original Market : Reuters News: Clients Defect". The New York Times. https://www.nytimes.com/1992/02/13/business/worldbusiness/13iht-reut.html ↩
"Pearson to acquire Extel Financial". telecompaper.com. http://www.telecompaper.com/news/pearson-to-acquire-extel-financial--12679 ↩
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Wearden, Graeme; Allen, Katie (15 May 2007). "Reuters agrees to Thomson merger". The Guardian. https://www.theguardian.com/media/2007/may/15/reuters.pressandpublishing ↩
"Euromoney acquires Extel". InPublishing. 12 March 2018. Retrieved 16 December 2024. https://www.inpublishing.co.uk/articles/euromoney-acquires-extel-2652 ↩
Tobitt, Charlotte (24 November 2022). "Euromoney £1.66bn private equity buyout completes and company split begins". Press Gazette. Retrieved 12 December 2024. https://pressgazette.co.uk/media_business/euromoney-private-equity-deal-completes/ ↩