United Kingdom-based Informa has acquired Light Reading, which provides digital information, marketing and events business serving the TMT community. Light Reading will join Informa’s Knowledge & Networking Division.
The number of mergers and acquisitions in B2B media and tech grew 14% while deal value soared 878% to $3.1 billion in the first half of 2016 compared to the same period last year, according to media banker JEGI.
It’s a tale of the haves and the have-nots. Deal values for mar tech are exploding, according to a M&A activity survey by JEGI. By contrast, ad tech, despite heavy consolidation speculation, is still in a slump.
Against a backdrop of uncertainty in the global economy, strong merger and acquisition activity continued across media, information, marketing, software and tech-enabled services in the first half of 2016, with 1,175 transactions announced at a combined value of $121.2 billion.
Pamlico Capital has recapitalized Michigan-based PrizeLogic, a developer of digital promotions for large consumer brands & retailers. PrizeLogic was represented by JEGI, an investment bank that specializes in the media, marketing, software & tech-enabled services sectors.
Pamlico Capital & PrizeLogic announced that Pamlico has completed a recapitalization of the Company. CEO Keith Simmons, CTO Tim Welch, & CFO Jeff Blackman will maintain significant ownership in PrizeLogic.
The hopes of an industry are pinned on two SEC filings. Both AppNexus and The Trade Desk are close to submitting S1 forms, indicating plans to go public in the coming months and releasing key financial details.
Bisnow, a digital media outlet for commercial real estate news that also produces industry events across North America, was represented by JEGI, a New York investment bank servicing the media, information, and marketing sectors in the sale to Wicks Group.
UBM added more than a few dozen shows to its fashion portfolio in the US with the acquisition of Business Journals Inc. for $69 million. BJI serves the men’s and women’s apparel and accessories markets.
SaaS has been one of the most successful business model innovations of the past few decades. For software companies, an alternate services-led approach can also make sense for many customers and business cases. Call it “SaaS as a Service”. Or maybe “Software as a Service as a Freakin’ Awesome Service”– SassafraS.
CEB (NYSE: CEB), a best practice insight and technology company, announced that it will acquire Evanta, C-Suite executive development and collaboration solutions for peer-to-peer engagement, networking and leadership training, from Leeds Equity Partners for a total cash consideration of $275 million.
“The sale of Experient provided a close-up view of why JEGI thrives. The firm’s focus on detail, attention from top management, tireless negotiations, and ability to keep the process on schedule all met the highest standards of a blue chip firm. Thank you, JEGI!”Amy Margolis, Principal, The Riverside Company
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