31 October 2016:
Fairfax Media Limited [ASX:FXJ] ('Fairfax') has sold its TenderLink business to Dun & Bradstreet Australia ('D&B').

TenderLink, established in 1994, is one of the largest online procurement communities in Australasia. TenderLink provides a central gateway for the advertisement and management of tenders, quotes and expressions of interests published by government, public and private sector procurers.

TenderLink was acquired by Fairfax for A$14 million in 2010, and was operated as part of Fairfax's Digital Ventures division. Inclusive of contribution to operating profits and sale proceeds, Fairfax has achieved a 2.3x return on investment.

Fairfax's Group Director of Digital Ventures, Guy Reypert, said: 'TenderLink has significantly grown its footprint in the procurement sector over the last six years, with a particular focus on serving the procurement needs of local government. D&B is a natural owner of TenderLink, with the businesses having complementary capabilities. D&B is well placed strategically to provide new opportunities for TenderLink's customers and employees.'

Fairfax Media Limited published this content on 31 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 02 November 2016 22:39:04 UTC.

Original documenthttp://www.fairfaxmedia.com.au/pressroom/au---nz-press-room/au---nz-press-room/sale-of-tenderlink-business

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