Domain acquires data business IDS for $60m

Calum Jaspan

September 16, 2021 10:29

Domain Holdings Australia has agreed to acquire Insight Data Solutions (IDS), in a deal worth $60 million, payable in cash.

The Nine Entertainment Co majority-owned Domain will acquire 100% of the securities in IDS Holdings Pty Limited, with completion of the deal expected in mid October.

The group, said that the deal marks another step forward in executing its marketplace strategy, as it is on a “journey to expand its addressable market beyond agents and consumers to financial institutions, and government”.

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Calum Jaspan

Calum Jaspan was news editor at Mumbrella, based in Melbourne. He was also the producer and host of the Mumbrellacast. He left Mumbrella in May 2023.