DRNO - Daily Research News
News Article no. 25460
Published December 8 2017

 

 

 

Ascential Sells MEED Media to GlobalData

B2B media company Ascential has sold its MENA business intelligence arm MEED Media to business media and insight group GlobalData for $17.5m.

Bernard CraggMEED provides Middle East business intelligence including news, insight & analysis, data on tenders and contracts awarded, plus projects and events. A Projects division provides a project tracking database, while the MEED Insight division offers tailored research and in-depth analysis. GlobalData (previously known as Progressive Digital Media) says the acquisition supports its strategy of expanding its subscription-based services into global markets.

Commenting on the deal, Executive Chairman Bernard Cragg (pictured) said: 'MEED gives the group the opportunity to further expand into a key region and adds an additional industry vertical to our offering whilst maintaining our disciplined investment criteria of premium proprietary content and strong renewable subscription-based revenues. I would like to take this opportunity to welcome our new colleagues to the group and wish them every success for the future within GlobalData'.

Web sites: www.ascential.com , www.meed.com and www.globaldata.com .

 

 
www.mrweb.com/drno - Daily Research News Online is part of www.mrweb.com

Please email drnpq@mrweb.com with any questions.

Back to normal version.

© MrWeb Ltd