22 January 2014
Reed Business Information ("RBI") announced today that it has sold BuyerZone, the leading online marketplace for buyers and sellers of SMB products and services, to TechMedia Network, Inc. (“TMN”). Terms of the agreement were not disclosed.
The decision to sell the business reflects RBI's increasing focus on paid content models and data services.
BuyerZone’s marketplace features over one million registered buyers and a network of more than 8,500 sellers across 150-plus product and service categories, including business phone systems, POS systems, digital copiers, payroll services and security systems.
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About Reed Business Information
Reed Business Information brings market leading brands to an audience of millions of decision makers worldwide through its multi-platform media of data services, online lead generation services, community websites, magazines and events. Reed Business Information is part of Reed Elsevier, a world leading provider of professional information solutions to the science, medical, legal, risk management, and business to business sectors.
For more information please contact:
Head of corporate communications, Reed Elsevier
+44 (0)20 7166 5724
Head of communications, Reed Business Information
+44 (0)20 8652 8012
+1 415 378 4046