UBM acquires DesignCon for $1.4m
UBM acquires DesignCon for $1.4m Strengthens UBM's presence in electronic design industry United Business Media Limited today announces that it has acquired DesignCon, an exhibition and conference serving the electronic design and semiconductor industry, on behalf of UBM's wholly-owned subsidiary, EE Times Group. UBM has acquired DesignCon from Professional Education International for cash consideration of $1.4 million. Founded in 1996, DesignCon (www.designcon.com) is an annual four day Silicon Valley-based exhibition and conference event which attracts more than 120 exhibitors and 3,300 professionals from the electronic design and semiconductor industries. The event's primary focus is on the software and tools used by electronic designers and engineers in the construction of semiconductors. The exhibition is complemented by a co-located 17-track conference which provides highly regarded seminars, panels and keynote addresses. The business also provides year-round products and services, such as the InfoVault technical library, primarily via the event's website. In 2009, DesignCon generated revenues of $1.0 million. The business is highly complementary to EE Times Group's existing events, notably to the Embedded Systems Conferences. Paul Miller, CEO of EE Times Group, said: "The acquisition of DesignCon fits our strategy of building on the strength of our existing products and services to expand into adjacent markets, as well as growing our international presence in the electronic design and semiconductor industry. This acquisition will contribute to EE Times Group's future growth and strengthen our position as the premier independent media, services and information supplier right across the global electronics industry." - Ends - Contacts Media Peter Bancroft Director of Communications E-mail firstname.lastname@example.org Direct telephone +44 20 7921 5961 Nicola Smith Citigate Dewe Rogerson E-mail email@example.com Direct telephone +44 20 7282 2993 Analysts/Investors Email firstname.lastname@example.org Direct telephone +44 20 7921 5095 Andrew Crow +44 20 7921 5940 Notes to Editors 1. UBM UBM is a leading global provider of events; data, marketing and information products; print products; and targeting, distribution and monitoring services to specialist business communities. Our 5,800 staff in more than 30 countries are organised into specialist teams that serve these communities, helping them and their markets to work effectively and efficiently. For more information, go to www.ubm.com 2. EE Times Group EE Times Group is the global leader in media and marketing services for the electronics industry. Through our market-leading brands, we deliver results for the key influencers and decision-makers involved in the design, development and commercialization of technology. More than 1.1 million engineering professionals and professionals in the electronics industry engage with the EE Times Network - EE Times, TechOnline, DesignLines, and Embedded.com - across the globe. The technology community comes to our market-leading events to share, learn, discuss and advance the critical issues and challenges facing the electronics industry. EE Times Group also provides end-to-end research, marketing and media services. For more information, go to http://www.eetimesgroup.com/ END The content and accuracy of news releases published on this site and/or distributed by PR Newswire or its partners are the sole responsibility of the originating company or organisation. Whilst every effort is made to ensure the accuracy of our services, such releases are not actively monitored or reviewed by PR Newswire or its partners and under no circumstances shall PR Newswire or its partners be liable for any loss or damage resulting from the use of such information. All information should be checked prior to publication.