Publisher Ziff Davis Sells Enterprise Group to Insight VP for $150 Million

Authored by Mark Hefflinger on June 21, 2007 - 11:37am.

*A correction was made to this story.

New York - Publisher Ziff Davis Media announced on Thursday that it will sell the assets of its Enterprise Group, which includes the magazines eWEEK, CIO Insight and Baseline, and a number of technology industry conferences, to New York-based private equity and venture capital firm Insight Venture Partners for about $150 million.

The group includes a database of 3.5 million business and technology users. Employees will remain in their current locations in New York, San Francisco and Boston.

"Many of our portfolio companies have successfully advertised with the Enterprise Group for years and we are proud to be associated with these brands," said Insight managing director Deven Parekh.

*The original version of this story erroneously referred to the Ziff Davis magazine 'CIO Insight' as 'CEO'.

Related Links:
http://tinyurl.com/ypqvrs

http://www.ziffdavis.com

http://www.insightpartners-dev2.com

Published in DMW Daily, June 21, 2007

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Comments

Ziff doesn't have a magazine

Submitted by CEO? (not verified) on June 21, 2007 - 8:11pm.

Ziff doesn't have a magazine called "CEO" The actual name is "CIO Insight." Too bad Ziff got it wrong in their own press release (calling it "CIO magazine" and you got it wrong calling it CEO magazine.

Thanks

Submitted by Mark Hefflinger on June 22, 2007 - 11:29am.

Thanks for pointing out the error.