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.