Cogint CEO Bullish on Data Business (IDI) $COGT

cogint (COGT) announced a major transaction today. In an email, I asked CEO Derek Dubner to comment on the deal overall and specifically the data subsidiary (IDI soon to be spun off as Red Violet) which is believed to have enormous potential. Here's what he said:

"This is a stellar transaction for our shareholders. Shareholders will own a global marketing services company that can provide unparalleled end-to-end solutions to the world's top brands, a pure play data and analytics company with enormously valuable technology, unlimited applications and very high margins, and a cash dividend."

More COGT analysis HERE.

Disclosure: Long COGT

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