Some of the companies that Cambridge Information Group (CIG) invests in deal in subjects and materials that would make a university don drool. CIG focuses broadly on businesses in the information, research, and education industries, concentrating on the arts, humanities, technology, and social sciences. CIG's flagship operation is ProQuest, which provides digital scholarly content to more than 30,000 clients, particularly colleges and universities. Having completed 30-plus investments during the past eight years, CIG typically revamps the top management of acquired firms and holds on to its investments long-term. Founded in 1971, CIG has been owned exclusively by the Snyder family since the early 1990s.
With dual-headquarter offices in New York City and Bethesda, Maryland (for its close proximity to Washington, DC), CIG manages more than 70 locations worldwide in 26 countries through its portfolio companies.
CIG is known to be acquisitive. Primarily, its goal is to expand and grow its existing operating companies. To its benefit, the firm's strategy is to invest in a variety of businesses -- any size, location, and technology structure -- that it can tap for its expertise.
Besides ProQuest (acquired 2007 for $222 million), in the information services sector CIG owns digital research brand Dialog (2008), bibliographer Bowker, and airline operations software provider Navtech (2007). ( Veronis, Suhler & Associates in mid-2013 also invested in Navtech).
In the education industry, CIG focuses on art and music. To this end, it has made investments in degree-granting, London-based Sotheby's Institute of Art and a chain of music schools named Bach to Rock. CIG is also an investor in online search service Blucora (formerly InfoSpace).