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Announced

Completed

TechnologyAdvice completed the acquisition of TechRepublic from Red Ventures.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Friendly

Private

Majority

Domestic

Private Equity

Online and Social Platforms

online trade publication

Acquisition

Single Bidder

Completed

Synopsis

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TechnologyAdvice, a full-service B2B media company and leading provider of media, brand, and demand services, completed the acquisition of TechRepublic, an online trade publication and social community for IT professionals, from Red Ventures, an investment firm. Financial terms were not disclosed. "The acquisition of TechRepublic presents an incredible opportunity for TechnologyAdvice to build upon our core purpose of creating opportunity for technology buyers, technology vendors, our team members, and our communities. The deal grows our audience substantially - enabling our 600+ technology clients to more intelligently engage with over 10m technology users every month. We are continuing to innovate in the ways we serve technology users with the best technology news, recommendations, and reviews. Perhaps the most exciting thing for me about this deal is that we now have a truly global operation with the ability to serve technology vendors and users around the world," Rob Bellenfant, TechnologyAdvice Founder and CEO.

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