ChoicePoint announced it has closed its previously announced acquisition of i2, a Cambridge, England-based global provider of visual investigative and link analysis software for intelligence, law enforcement, military and large commercial applications. The transaction included an initial payment of $90.25 million, with an earn-out of up to an additional $10 million if certain financial performance goals are met. For the full year 2005, ChoicePoint expects the acquisition to be approximately $0.02 accretive to earnings.
In announcing the acquisition last month, ChoicePoint said the addition of i2 enhances the company's analytics and distribution offerings and represents ChoicePoint's strategic expansion into international markets by offering products unrelated to the collection of data.
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