2006 News Releases
United Business Media buys the Software 2007 conference
05 December
Strengthens CMP Technology’s leading position in business technology markets
United Business Media plc announces today that its wholly-owned, US-based subsidiary CMP Technology has acquired the Software 2007 conference from Sand Hill Group LLC for an initial cash consideration of $5.5m, with a further $3.5m being payable over the next three years if certain performance conditions are met.
This year’s two day conference attracted more than 1,500
leading CIOs, COOs, CEOs and other senior executives from the wider
software industry. The Software 2007 conference will take
place in Santa Clara on May 8-9, 2007 (see
http://www.sandhill.com/conferences/sw2007/index.php).
The acquisition of the Software 2007 conference extends CMP
Technology’s ability to address business technology markets,
and particularly the technology buyer community. The event is
highly complementary to CMP Technology’s existing
market-leading media portfolio which includes events such as
Interop, Web 2.0 Summit, the Enterprise 2.0 Conference and Mobile
Business Expo, print titles such as Information Week and online
properties such as TechWeb
(www.techweb.com).
The acquisition is anticipated to meet United Business Media’s 8% post-tax cost of capital hurdle rate in its first year of ownership.
- Ends -
Contacts
Media
Peter
Bancroft
Director of Communications
E-mail
communications@ubmgroup.biz
Direct
telephone
+44 20 7921 5961
Chris
Barrie
Citigate Dewe Rogerson
E-mail
chris.barrie@citigatedr.co.uk
Direct
telephone
+44 20 7282 2943
Mobile
+44 796 872 72 89
Analysts
Catherine
Southgate
Head of Investor Relations
Email
investorrelations@ubmgroup.biz
Direct
telephone
+44 20 7921 5031
Notes to Editors
1. About United Business Media
plc
United Business Media is one of the world's leading global business
information companies. UBM brings together the world's buyers and
sellers, helping their markets work effectively and efficiently
through PR Newswire's news distribution network,
Commonweath’s trade and transportation business intelligence,
and through CMP's portfolio of events, print and on-line
publications. For more information, go to
www.unitedbusinessmedia.com
1.1. About PR Newswire
PR Newswire is the world's leading corporate news distribution
service. Headquartered in New York, PR Newswire provides news
distribution, targeting, measurement and broadcast services on
behalf of tens of thousands of customers including many of the
world's top companies and agencies. PR Newswire has offices
in 11 countries and routinely sends its customers' news to outlets
in 135 countries and in more than 40 languages. PR Newswire's
services include ProfNet Experts, eWatch, MEDIAtlas, Search Engine
Optimization , MediaRoom, MediaSense and MultiVu. For more
information, go to
www.prnewswire.com
1.2. About CMP /
Commonwealth
CMP's portfolio of more than 200
newspapers, magazines and directories, 200 websites and 300 events
brings together buyers and sellers from a range of global sectors
including technology, healthcare, the built environment, lifestyle,
fashion and ingredients. CMP operates globally through four
divisions:
1.2.1. CMP Asia: Headquartered in Hong Kong with offices throughout the region, CMP Asia is a leader in exhibitions and online and print business information publications for Asian markets. Working with partners from around the world, CMP Asia stages a range of leading events which includes the largest international jewellery, leather and fashion, beauty and furniture trade shows in Asia, as well as the definitive health show for the Japan market. For more information, go to www.cmpasia.com
1.2.2. CMP Information: Operating in the UK and internationally, CMPi provides professional media solutions to around 20 industry sectors. Its products include magazines, exhibitions, conferences, awards events, information products and websites, targeted at business professionals across a range of markets such as the built environment, travel, licensed trade, agriculture, security and ingredients. For more information, go to www.cmpi.biz
1.2.3. CMP Technology: CMP Technology is a marketing solutions company serving builders, sellers and buyers of technology worldwide. Through its portfolio of market-leading print, event and online information brands, CMP Technology delivers access, insight and actionable programs designed to connect technology sellers and buyers. For more information, go to www.cmp.com
1.2.4. CMPMedica: CMPMedica provides information and education to healthcare professionals and patients around the world. It has a unique portfolio of professional media products including newspapers, magazines, drug directories, electronic databases, websites and events. For more information, go to www.cmpmedica.com
1.2.5. Commonwealth Business
Media: Commonwealth Business Media is the leading
information provider to the global trade and transportation market
with comprehensive proprietary data, news and analytical content.
Its leading brands include Port Import Export Reporting Service
(“PIERS”), BACK Aviation Solutions
(“BACK”), The Journal of Commerce and a number of
directory databases covering the international trade, railroad and
trucking markets. Commonwealth is headquartered in East
Windsor, New Jersey with offices around the US and
internationally. For more information, go to
www.cbizmedia.com
