FiscalNote, a technology innovator at the intersection of global business and government that provides advanced, data-driven Issues Management solutions, has announced that it intends to acquire CQ Roll Call from The Economist Group, the company said.
As part of the transaction, The Economist Group would obtain an 18 percent equity stake in the company, making it the largest single shareholder of FiscalNote.
In addition, Chris Stibbs, CEO of The Economist Group would join the FiscalNote board of directors. FiscalNote Founder and CEO, Tim Hwang, would remain the largest individual shareholder and CEO of the company.
The acquisition is expected to be finalized and completed later this year pending customary closing conditions.
FiscalNote´s mission is to connect the world to their governments. With offices in DC, NYC, Baton Rouge, Seoul, India, and Brussels, the company has raised more than USD 50 million from prominent early stage investors.
The Economist Group is based in London and serves a global readership and client base. It publishes print and digital products, produces global events, and offers a range of subscription and other services for clients and readers. Its flagship businesses include The Economist newspaper, and research and analysis division The Economist Intelligence Unit.