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Media Group Buys Printing and Imaging Researcher
Questex Media Group has agreed to acquire 100% of MR firm InfoTrends, Inc., subject to the approval of InfoTrends shareholders. InfoTrends, a specialist in document solutions and digital imaging, was a founding partner of Questex's ON DEMAND Conference and Exposition in the early 1990s.
The deal is expected to close by the end of September. Financial terms were not disclosed.
Questex is a diversified b2b integrated media provider, headquartered in Newton MA, with more than 400 employees and serving multiple industries with trade publications, conferences and tradeshows, databases and online media brands. President & CEO Kerry C. Gumas says the agreement marks a significant milestone in the firm's drive to become a strategic business information resource for customers. 'InfoTrends has established a unique position as the world's leading provider of market data, research and strategic advisory services to the document solutions and digital imaging markets and is highly complementary to our business.'
Charles A. Pesko, Jr., founder and President of InfoTrends, says the deal is 'an excellent move forward for InfoTrends, as it will enable us to create additional value for our customers and also provide us access to new markets.'
InfoTrends serves a worldwide customer base through its offices in the United States, Europe and Asia and is online at www.infotrends.com . Questex's home page is at www.questex.com .
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