UPDATED : The $43 million deal includes the Search Engines Strategies conference franchise and Web site.
Jupitermedia has signed an agreement to sell The ClickZ Network to London-based Incisive, a provider of business information services.
In addition to ClickZ.com and related sites, the $43 million deal includes the Search Engine Strategies trade show franchise and SearchEngineWatch.com. Jupitermedia CEO Alan Meckler said the move is part of a strategy to focus on its stock photography and image business, which the company has steadily ramped up.
"This sale is evidence of our intent to be even more aggressive in the licensing and distribution of commercial images. The funds received from the sale will strengthen our balance sheet and allow us to have greater buying power for more image acquisitions," said Meckler.
Incisive Media Chief Executive Tim Weller told staff his goal is to expand both the conference and Web site businesses globally. He added there will be no staff layoffs.
The transaction is expected to close in August.
Want to learn more?
Attend ClickZ Live New York March 30 - April 1. With over 15 years' experience delivering industry-leading events, ClickZ Live brings together over 60 expert speakers to offer an action-packed, educationally-focused agenda covering all aspects of digital marketing. Register today!
Until March 2012, Zach Rodgers was managing editor of ClickZ's award-winning coverage of news and trends in digital marketing. He reported on the rise of web companies, data markets, ad technologies, and government Internet policy, among other subjects.
Singapore, 5-6 March
Bangkok, 17-18 March
Hong Kong, April 2015
A Buyer's Guide to Affiliate Management Software
Manage your performance marketing with the right solution. Choose a platform that will mutually empower advertisers and media partners!
Google My Business Listings Demystified
To help brands control how they appear online, Google has developed a new offering: Google My Business Locations. This whitepaper helps marketers understand how to use this powerful new tool.
March 3, 2015
1:00pm ET/10:00am PT