July 14, 2015 / 6:18 AM / 2 years ago

BRIEF-Euromoney acquires 10 pct equity stake in Estimize

July 14 (Reuters) - Euromoney Institutional Investor Plc :

* Euromoney acquires 10 pct equity stake in Estimize

* Acquiring a 10 percent equity stake in estimize for a consideration of $3.6 mln, funded from its existing cash resources

* Investment is part of a $6m series B round aimed at expanding capital base of Estimize

* Other key investors include contour venture partners and longworth venture partners

* Euromoney will receive series B preferred stock, a board observer seat and full information rights Source text for Eikon: Further company coverage: (Bengaluru Newsroom; +44 207 542 1810)

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