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Launch of The New Giant
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22/09/00
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Jupiter Media Metrix, the global leader in market intelligence for the new
economy, commenced trading on September 21st on the NASDAQ National Market
System under its new symbol, JMXI. The completion of the merger follows the
approval of Jupiter Communications and Media Metrix shareholders.
Jupiter Media Metrix will be organized around its core businesses:
measurement, analysis, intelligence and events, with an international
division focusing on the company’s rapid global expansion. Five business
units - Media Metrix, AdRelevance, Jupiter Research, Jupiter Events and
Jupiter Media Metrix International - have been defined to organise these
core businesses.
Jupiter Media Metrix counts more than 1,900 companies worldwide as clients,
including leading advertising agencies, media companies, e-commerce
marketers, advertisers, technology companies, financial institutions and
consulting firms.
The new company, with more than 750 employees worldwide, is headquartered in
New York City and operates across the Americas, Asia Pacific, Europe (as
Jupiter MMXI Europe) and the Middle East.
According to Tod Johnson, Chairman and CEO, "Jupiter Media Metrix is poised
to redefine the landscape of Internet information services. By combining
world-class, innovative and market leading products, services, research
methodologies and people, we’re creating a platform that enables us to
accelerate the development of new products and services, efficiently reach
new customers and markets, and rapidly expand our leadership worldwide."
"We are creating a company like no other," added Gene DeRose, Jupiter Media
Metrix president and chief operating officer. "Independently, the company’s
industry leading measurement data, authoritative analysis and renowned
industry events have set the standard for comprehensiveness, innovation and
thought leadership. Together, these complementary organizations and powerful
brands will create and deliver an unparalleled portfolio of resources to
support clients’ critical, strategic business decisions."
Under the terms of the merger agreement, Jupiter Communications stockholders
received .946 shares of Jupiter Media Metrix common stock in exchange for
each share of Jupiter stock owned as of September 20, 2000, the effective
date of the merger. Jupiter and Media Metrix stockholders will receive
information relating to the exchange of their stock certificates.
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