Incisive Media acquires The Financial Services Forum

Incisive MediaIncisive Media has acquired The Financial Services Forum Limited, the membership community for marketing professionals across the financial services industry. The terms of the transaction were not disclosed.

The FSF is a membership organisation for marketers working at all levels of seniority across the sector. Members are supported with more than 60 strategic financial services marketing events every year, covering all sectors and marketing disciplines, an online knowledge centre, a broad range of email newsletters, awards ceremonies and summits. The Forum includes members from more than 150 banks, insurers, asset and wealth managers, mortgage lenders and fintech businesses.

Founded in 1998 by Anthony Thomson, financial services marketing veteran and founding chairman of Atom Bank and Metro Bank, the forum has grown steadily under the management of David Cowan (managing director) and Richard Nolan (operations director) to become the pre-eminent membership organisation for marketers in the UK financial services sector.

The acquisition will support the management of the Forum as they continue to grow the scope of services for members as well as broaden the membership base within the sector by accessing a larger, well-resourced event management and digital infrastructure and expert editorially-led thought leadership.

Jonathon Whiteley, CEO of Incisive Media, said, “As a leading financial media business and practitioner member of the Forum, we have long admired the work of the FSF for creating a platform for knowledge sharing, networking and thought leadership. We look forward to working closely with David and his team to support the growth of the Forum for the benefit of members”.

UK, London

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Euromoney Institutional Investor PLC acquires Californian conference business TTI/Vanguard

Euromoney logoEuromoney Institutional Investor PLC, the international online information and events group, is expanding its membership events portfolio with the acquisition of TTI/Vanguard, which is headquartered in Santa Monica, California.

Euromoney paid US$8 million to acquire 87% of the equity of TTI/Vanguard. The acquisition is expected to be earnings enhancing in itsTT! Vanguard first year.  The remaining equity will be acquired in two stages of an earn-out by December 2014.

TTI/Vanguard is a private membership organisation for executives who lead technology innovation in global organisations across the public, private and academic sectors. Enterprises subscribe to TTI/Vanguard’s conference series to explore how emerging and potentially disruptive technologies may affect their organisations, policy and society. Each of TTI/Vanguard’s five annual conferences is part classroom, part think-tank and part laboratory. At the core of TTI/Vanguard is its world-class Advisory Board of visionaries and futurists who inspire and develop TTI/Vanguard’s content direction (see footnote below).

Under its Institutional Investor brand, Euromoney runs a Financial Technology Forum in the United States and has a strong record of running and successfully building subscription memberships in asset management in the US, Europe and Asia. It now expects to apply this expertise to grow TTI/Vanguard’s business globally.

Dr. Len Kleinrock, past chairman, will remain a minority shareholder in the business and will be actively involved in TTI/Vanguard until at least December 2014.

“The acquisition of TTI/Vanguard is consistent with our strategy of applying our expertise to global sectors,” said Richard Ensor, Chairman of Euromoney. “This takes us into the high-technology content sector. Euromoney has a successful record of acquiring events businesses and accelerating their growth globally, as demonstrated over the past 15 years by the success of Institutional Investor which now has 13 subscription memberships around the world. We look forward to doing the same with TTI/Vanguard.”

Dr Kleinrock said: “Having successfully built TTI/Vanguard into a must-attend membership for heads of innovation and technology across a multitude of diverse industries from government to retail, finance to pharmaceuticals, I believe that Euromoney is ideally positioned to expand the TTI/Vanguard network and membership worldwide. We are confident that Euromoney’s portfolio and expertise will add tremendous value to what we have been consistently providing our members for more than 20 years. We look forward to sharing our know-how and experience and continuing to build a world-wide TTI/Vanguard community.”

UK, London & USA, Santa Monica, CA

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