Neustar Will Split in 2 in Tax-Free Spinoff

services and telecommunications sectors continue to evolve, today’s announcement is the logical next step for Neustar. Each business will be better-positioned to grow as focused and sustainable companies," said CEO Lisa Hook, who will become CEO of the information services company. The order management and numbering services company will retain the Neustar name while the information services company will be rebranded, said Hook on a webcast. Neustar expects the spinoff to be completed in a year, subject to customary conditions, including final approval by the company's board and the effectiveness of a Form 10 to be filed with the SEC, said Chief Financial Officer Paul Lalljie, who will become CEO of the order management and numbering services company. He said order management and numbering service revenue was $580 million in 2015, with a compounded annual growth rate of 8 percent over the last four years. That includes Number Portability Administration Center revenue, which he said is expected to total $496 million annually for the duration of Neustar's contract as local number portability administrator. Lalljie was "bullish" on the opportunities for order management and numbering services, despite the looming loss of the NPAC business to Ericsson's Telcordia, which the FCC chose to be the next LNPA. He said Neustar's information services had revenue of $470 million in 2015, with a compounded annual growth rate of 25 percent over the past four years.