Reed Business Information ("RBI") announced today that it has sold emedia Communications LLC, a US-based provider of research to IT buyers and leads to IT vendors, to Ziff Davis, the Digital Media Division of j2 Global, Inc. An agreement has also been signed to sell the UK-based division of emedia, which will transfer to Ziff Davis following a period of employee consultation.
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.
Signal Hill Capital Group acted as the exclusive financial advisor to RBI in this transaction.
About Reed Business Information
Reed Business Information we provide information and online data services to business professionals worldwide. Customers have access to our high-value industry data, analytics, information and tools. Our strong global brands hold market-leading positions across a wide range of industry sectors including banking, petrochemicals and aviation where we help customers make key strategic decisions every day. RBI is part of Reed Elsevier, a world leading provider of professional information solutions.
About Reed Elsevier
Reed Elsevier Group plc is a world leading provider of professional information solutions. The group employs approximately 28,000 people of whom half are in North America. Reed Elsevier Group PLC is owned equally by two parent companies, Reed Elsevier PLC and Reed Elsevier NV; the combined market capitalisation of the two parent companies is approximately £20bn/€23bn. Its shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RUK and ENL.
Media Contacts
Paul Abrahams, Reed Elsevier
+44 (0)207 166 5724
[email protected]
Jane Baldwin
Head of communications, Reed Business Information
+44 (0)20 8652 8012
[email protected]
Laura Hinson, j2 Global Inc.
+1 800 577 1790
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Investor Relations
Colin Tennant, Reed Elsevier
+44 (0)207 166 5751
[email protected]