ITE Group plc – Interim Management Statement for the period April to July 2013

July 16, 2013 — Fusion DigiNet

ITEITE Group plc today published its Interim Management Statement for the period from 1 April 2013 to 15 July 2013, incorporating the Group’s third quarter trading period from 1 April 2013 to 30 June 2013.

The statement follows:

Trading Performance

Good trading conditions continue in our core markets and the Group is trading in-line with management expectations. Revenues in the three month period to 30 June 2013 were £95m (2012: £76m). This year’s result includes a contribution from the biennial Moscow International Oil & Gas exhibition along with a first time contribution from Metaltech in Kuala Lumpur, Mayalsia, which the Group acquired in January 2013. On a like-for-like basis revenues for the third quarter were 8% higher than the previous year.

The principal trading highlights in the third quarter were:

·    Mosbuild, the Group’s principal Moscow construction event continued to prove its resilience in the face of continuing competition and grew volumes by 4% to 68,500 sqm.

·    Moscow International Oil & Gas exhibition, performed strongly with volumes up (since the 2011 event) by over 5% to 24,000 sqm (2011: 22,800 sqm).

·    Turkeybuild is the leading construction event in Turkey. The event, which is space constrained, delivered a small increase in volumes selling 36,200sqm (2012: 36,100sqm). Plans are now in place to add capacity at the venue which will provide an opportunity for the event to grow strongly from 2015 onwards.

Business development

The Group continues to execute its strategy of expanding its operations to new markets with potential for further growth. On 11 April 2013, ITE acquired 50% of ECMI based in Kuala Lumpur, Malaysia for an initial consideration of MYR 8.1m (£1.7m) and a deferred consideration of approximately MYR 4.1m (£0.9m) due in April 2014. In addition the Group holds put and call options to acquire the additional equity in 2017 and 2019. ECMI runs a number of small annual exhibitions in the Beauty and Lab technology sector in Malaysia, Vietnam and Indonesia.

Financial position

The Group had net cash of £17m as at 12 July 2013 (2012: net debt of £1.7m), after spending circa £26m on acquisitions and deferred consideration during this financial year.

Outlook

Year to date, the Group has delivered good organic growth supplemented by the continued investment in new businesses which extend the Group’s reach into new emerging markets. As at 12 July 2013, the Group had £184m of sales booked for the current financial year (this time last year: £164m), representing approximately 98% of the consensus revenue expectations for this financial year.

The Group continues to experience good trading conditions in its principal markets and the Board remains confident in the full year outcome.

UK, London

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Stephen Carter to replace Peter Rigby as Informa Group Chief Executive

July 11, 2013 — Fusion DigiNet

Stephen CarterInforma Plc, the international publishing, business information and events company, has announced that Stephen A. Carter will replace Peter Rigby as Group Chief Executive when Rigby retires at the end of 2013.

 

Forty nine years old Carter has been an Informa board director since 2010. He was formerly President/Managing Director EMEA and President/Managing Director Global Managed Services at Alcatel-Lucent, the telecommunications and technology group. Before joining Alcatel-Lucent, he worked in a number of senior roles in the media and communications sector, including serving a term as the Founding Chief Executive of Ofcom, the UK Communications Industry Regulator.

Peter Rigby (58) first joined Informa in 1983 and has served as Chief Executive or Executive Chairman since 1988.

Since joining Informa in 1983, the company has grown from a company valued at a few million pounds to a business with a market capitalisation exceeding £3 billion. In the process, the company has been transformed from the original print publishing business into a global digital data, information and events group. In 2012, almost 75% of Informa’s publishing revenue was digital. The company now employs more than 7,000 people across its Academic Publishing, Events and Business Information operations.

Informa Chairman Derek Mapp said, “Informa owes a huge debt of gratitude to Peter, who has devoted a large portion of his career to the group, guiding it from humble beginnings into the leading global media group it is today. His boundless energy, enthusiasm and passionate management style has touched many people during his tenure and reflected in the unique culture prevalent across the group. I am sure that all of Informa’s stakeholders, including employees, shareholders and customers, will join me in thanking him for his enormous contribution to the company.

I am delighted that Peter’s business legacy will be continued by an executive of Stephen Carter’s calibre. The Board was unanimous that Stephen’s UK and international experience, knowledge and strategic understanding of the digital and technology industries, combined with his empathy for Informa’s unique culture and commercial success, made him a natural choice as Peter’s successor.”

UK, London

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Shopzilla acquires Zappli

July 11, 2013 — Fusion DigiNet

shopzillaAccording to TechCrunch, shopping network Shopzilla has acquired start-up Zappli, a San Francisco based developer of mobile social shopping app myShopanion and mobile checkout app InstaBuy. The terms of the deal were not disclosed.

zappliThe Zappli team will join Shopzilla, working out of their existing locations in San Francisco and South East Asia. Zappli’s CEO and co-founder, Philippe Suchet, becomes Chief Strategy Officer of Shopzilla and Zappli’s CTO and co-founder, Chandra Siva will lead key technology initiatives at Shopzilla.

Shopzilla’s CEO Bill Glass said that of specific interest to Shopzilla is Zappli’s mobile commerce technology

Read more at TechCrunch

USA, Los Angeles, CA & San Francisco, CA

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Matomy Media Group acquires mobile affiliate network MobAff

July 10, 2013 — Fusion DigiNet

matomy1Global performance marketing company Matomy Media Group has acquired Florida based mobile affiliate network MobAff. Founded in 2011, MobAff works with advertisers and affiliate networks to help them generate and deliver leads and acquire customers. Terms of the deal were not disclosed.

MobAff will be integrated within MediaWhiz, a North American performance marketing agency acquired bymobaf MATOMY earlier this year. MobAff founder Alexander Tsatkin, along with other members of the company, will relocate to MediaWhiz’s New York City headquarters. MobAff’s proprietary mobile marketing technology will be integrated into MediaWhiz’s affiliate network.

“MobAff’s mobile optimization technology and strong expertise in mobile affiliate marketing will be a huge asset to MediaWhiz’s growing mobile performance marketing practice,” said Ofer Druker, CEO of Matomy Media Group. “We are impressed by MobAff’s strong presence with advertisers and affiliates, as well as the technological solutions it has developed. I am confident that this acquisition will benefit the MATOMY and MediaWhiz customer bases, offering our advertisers and affiliates cutting-edge technologies – alongside other performance marketing products we have developed – as well as greater audience reach and effective results in their mobile advertising campaigns.”

USA, New York, NY & Fort Myers, FL & Israel, Tel Aviv

 

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Bandzoogle acquires Onesheet To Expand its Artist Website Platform

July 10, 2013 — Fusion DigiNet

bandzoogleBandzoogle a website platform for musicians, has acquired Onesheet, a San Francisco based company that provides a simple way for musicians, actors and entertainers to build a one page social website. Terms of the deal were not disclosed. Bandzoogle will keep Onesheet as an independent product and will relaunch it shortly.

“Onesheet is a great product that tens of thousands of artists and entertainers already use. For artists whose major focus is creating onesheetcontent on their social networks, Onesheet is the fastest, easiest and free way to create a permanent, mobile-friendly web presence” said David Dufresne, Bandzoogle’s CEO. “We also believe the Onesheet product is a perfect fit for actors, comedians and the broader entertainment industry”.

Canada, Montreal & USA, San Francisco, CA

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TPG Capital to acquire TSL Education

July 8, 2013 — Fusion DigiNet

tsl-logoPrivate investment firm TPG Capital is to acquire UK headquartered teachers’ network TSL Education from Charterhouse Capital Partners. The terms of the deal were not disclosed. The transaction is expected to close in the third quarter of 2013.

Karl Peterson, Managing Partner for TPG Capital LLP, said, “TSL is well known for its longstanding and vital role in the UK education sector.  Over the past several years Louise and her team have done an outstanding job in transitioning the business to become the leading site for teachers both online and in print while gaining a sizeable and growing audience across the globe.  TPG’s global presence and extensive online experience fit well with the Company’s ambitions and we anticipate accelerating growth through further investments in TSL’s digital capabilities.”

TSL’s flagship platform is TES Connect. It  provides 620,000 teaching resources and connects a community of 52 million teachers and students across the globe.

San Francisco, CA & UK, London

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eBay acquires 2dehands.be and 2ememain.be

July 4, 2013 — Fusion DigiNet

ebay2eBay has acquired 2dehands.be and 2ememain.be, online classifieds sites in Belgium. 2dehands.be and 2ememain.be have 5.5 million unique visitors coming to the sites each month. The sites will join the eBay Classifieds Group. The terms of the deal were not disclosed.

According to the ebay blog, “eBay Classifieds Group understands the importance of a local classifieds presence and offering, fitting the needs of the Belgian consumer. The 2dehands.be and 2ememain.be sites will continue to be run by local teams who understand the nuances of the local culture.”2dehands

It continues, “eBay Classifieds Group will invest in the further development of the local Belgian businesses, enhancing the platforms to be faster and more intuitive for users. Furthermore, given eBay’s expertise in creating leading mobile platforms and the enormous potential for mobile growth for 2dehands.be and 2ememain.be, the development of innovative mobile technologies is a priority for the business.”

USA, San Jose & Belgium, Brussels

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CloserStill acquires the Data Centre World event

July 4, 2013 — Fusion DigiNet

closerstill2B2B events and media business CloserStill has acquired Data Centre World. The terms of the deal were not disclosed. Also included in the deal were related internet and data assets and Data Centre Management magazine.

Data Centre World was launched in 2008 by Turret Group. It is a free-to-attend data centre event aimed at helping data centre dcw2014rebrandmanagers and professionals plan, implement and manage their existing and future data centre requirements. It was held in february this year at ExCel, London. This year’s event took place at ExCeL for the first time in February. It attracted 160 exhibitors and an attendance of 3,435.

Following the acquisition, CloserStill  announced the launch of Data Centre World Asia this November, running alongside their existing Cloud Asia event in Singapore).

According to Andy Center, Chief Executive of CloserStill,  Data Centre World is extremely well positioned for further substantial long-term growth: “ It`s hardly a secret that the data centre market is in commercial over-drive, powered by  the geometric growth in demand due to a whole series of irreversible factors including more powerful computers, more connections to the internet, an explosion of data, new cloud computing models, the mobile revolution and even regulatory issues requiring massive uplift in storage capacity.”

DCW joins CloserStill’s technology division which already includes Learning Technologies, Cloud Expo Europe and Cloud Expo Asia.

This is the second acquisition CloserStill has completed this year, along with six major launches in three countries, as the business continues to execute its rapid expansion plans through acquisitions.

Data Centre World 2014 runs from 26th to 27th February 2013 at Excel.

UK, London
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TechMedia Network Acquires Bestofmedia Group

July 2, 2013 — Fusion DigiNet

techmedianetworkTechMediaNetwork has acquired Bestofmedia Group, a global technology publisher and parent company to tech publications Tom’s Hardware, Tom’s Guide and Tom’s IT Pro. TechMedia Network’s portfolio includes TopTenREVIEWS, LAPTOP and Space.com. The terms of the deal were not disclosed. However, TechMediaNetwork’s CEO Greg Mason told WSJ that  “Most of this is a stock deal. The Bestofmedia Group investors are wholly invested in the value that we think we can create with the combined businesses in the next couple of years. But this was not an asset sale.”

Founded in 2000, Bestofmedia is a global tech publisher, with more than 30 million monthly unique visitors and media properties operating in eight different languages.  Dr. Thomas Pabst – the original Tom – founded Tom’s Hardware in 1996.bestofmedia

“When looking to increase our U.S. footprint, TechMedia Network immediately jumped to the forefront of potential partners with its growing audience of nearly 50 million monthly unique visitors and impressive content syndication network,” said Antoine Boulin, President, Bestofmedia Group. “Its portfolio of award-winning tech and science publications is a natural fit for our sites and the opportunity to marry their e-commerce engine with our world-class communities and our combined content expertise is an exciting prospect for the future of highly-specialized, vertical media.”

USA, New York, NY & France, Paris

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Hubert Burda Media acquires luxury publisher EMM in India

July 1, 2013 — Fusion DigiNet

hubert-burda-media-logoBurda International has expanded its Asia portfolio with the acquisition of Indian media house Exposure Media Marketing (EMM). The terms of the deal were not disclosed.

Hubert Burda Media Pvt Ltd., a Burda International subsidiary incorporated in November 2011, received authorization from the FIPB (Foreign Investment Promotion Board) of India for its acquisition of 100% of the equity shares of Exposure Media Marketing Pvt. Ltd., a company founded in 2003 by Rajiv and Parineeta Sethi.
 emm
“EMM is a perfect platform through which to expand our activities in the important and dynamic Indian market. According to the World Wealth Report, India experienced a 22.2 percent growth in its High Net Worth Individuals’ population last year. This surge is creating a market with increasingly sophisticated tastes, hungry for luxury experiences”, says Burda Asia CEO, Julie Sherborn. “EMM has a compelling portfolio, offering an exciting range of specialised brands targeting this growing segment. The acquisition conforms perfectly with our strategic focus in the pan-Asian region.”
Added Massimo Monti, Managing Director of Hubert Burda Media India: “One of the main strengths of EMM is the company’s database of affluent, influential individuals, constituting a very desirable target group for luxury advertisers. We are delighted that Parineeta Sethi will continue to work with the company as a member of the board of directors and will help further develop our magazine and event portfolio”.
EMM publishes the Indian editions of AsiaSpa, Millionaire Asia, Asia-Pacific Boating, Selling World Travel, Designer Mode and the customer publishing magazine for Audi. It also hosts a range of key events and trade fairs, including the Millionaire Summit, Precious Golf and the AsiaSpa Wellness and Beauty Exhibition.
“Our aim when we started the company 10 years ago was to identify key audiences and develop trusted brands to service those segments,” said Parineeta Sethi. “We are delighted to be joining the Burda International media group through which we can drive the brands to even greater effectiveness.”
Germany, Munich & India, Mumbai
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