LONDON, January 11 /PRNewswire-FirstCall/ -- United Business Media (LSE:
UBM) today announced that it has acquired the events assets of MediaLive
International, Inc. for a cash consideration of $65 million.
The transaction will add more than 20 IT and telecoms-related events in
the US, Japan and Europe, most notably Interop, MediaLive Japan, Voicecon and
Web 2.0. to CMP Media's IT enterprise platform. These assets will be
integrated into CMP's enterprise IT-targeted media suite and are strongly
complementary to the audiences served by CMP's Enterprise Group which
includes such brands as InformationWeek, Optimize, Network Computing, and
Computer Security Institute. The acquisition will create an enhanced media
suite targeted at the IT enterprise market worldwide. In 2006 the MediaLive
events are expected to generate revenue of around $40 million.
David Levin, Chief Executive of United Business Media, said:
"The acquisition of MediaLive's event assets illustrate how UBM is
building
leading positions in its key markets by adding events that complement its
existing product offering, enabling it to better serve its customers. This
purchase meets UBM's 8% post tax cost of capital acquisition business case
criteria."
Steve Weitzner, Chief Executive of CMP Media, said
"The combination of the MediaLive assets with CMP Media's
industry-leading publications, significant online investments and vertical
market events will offer technology vendors the most comprehensive marketing
solutions available in the industry. With the rapid build-up of additional
live and online offerings, we are best positioned to deliver content to our
audiences when, where and how they want it - increasing our strategic value
to our customers. I am delighted to welcome to CMP Media the experience and
expertise of MediaLive's talented management team as they join us in building
the industry's leading IT B2B publishing business."
Notes to Editors
1. About MediaLive International, Inc.
MediaLive International Inc. connects companies to the markets they serve
through media properties, software tools, and marketing solutions that
educate buying communities, deepen relationships between buyers and sellers,
and fuel market growth.
MediaLive comprises two businesses, firstly an events business whose
assets have been acquired today by UBM Plc, and secondly Wingate Studios an
event management software business.
MediaLive's event assets encompass some of the IT industry's largest and
most well-respected exhibitions including Interop, VoiceCon, Next Generation
Networks, the Web 2.0 Conference, the Collaboration Technologies Conference,
Mobile Business Expo and GTEC.
For further information, please go to http://www.mlii.com
2. United Business Media
United Business Media operates two main business streams - PR Newswire
and CMP.
PR Newswire is the world's leading corporate news distribution service.
CMP specialises in creating prime print, online and exhibition franchises
that bring industry professionals and enthusiasts together to be better
informed, meet and do business. CMP is, as a result, at the forefront of the
development of many national and global industries.
UBM has a market capitalisation of around B#1.8 billion and employs 5,500
people around the world. In 2004, UBM's turnover was B#809 million and
operating profit was B#132 million. The company is led by David Levin who was
appointed Chief Executive in April 2005. Nigel Wilson is Chief Financial
Officer and was appointed in 2001.
SOURCE United Business Media Plc
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CONTACT:
Enquiries: Press: Peter Bancroft, Director
of Communications, E-mail: Peter.Bancroft@ubmgroup.biz, Direct
telephone: +44-(0)20-7921-5961. Chris Barrie, Citigate Dewe
Rogerson, E-mail: chris.barrie@citigatedr.co.uk, Direct
telephone: +44-(0)20-7282-2943, Mobile: +44-(0)796-872-72-89.
Analysts: Catherine Southgate, Head of Investor Relations, Email:
Catherine.southgate@ubmgroup.biz, Direct telephone:
+44-(0)20-7921-5031, Mobile: +44-(0)771-046-8996
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