Diversified Communications Acquires HRM Asia in Singapore
October 21, 2014
Diversified Communications acquired media company HRM Asia of Singapore, its fifth international acquisition of 2014.
The acquisition establishes an operating division in Singapore and adds HR Summit, Asia’s largest human resources event, as well as the HRM Congress series, HRM Magazine and HRM Online to Diversified’s portfolio of more than175 events, eMedia products and print magazines.
“We are acquiring HRM Asia because it fits well with our model of working across a variety of touch points within a community,” said Matt Pearce, Diversified’s International Director.
He added, “We see the opportunity to expand the business both locally and internationally.”
This acquisition brings Diversified’s global presence to eight countries. Besides Singapore, Diversified has operating divisions in the U.S., Australia, Canada, Hong Kong, India, Thailand and the U.K.
The 27 employees of HRM Asia will join Diversified’s global staff of 850 people and will continue to be led by HRM Asia’s General Manager Kaveri Ayahsamy.
“This acquisition continues Diversified's growth strategy to further expand both globally and into new industries,” said President and CEO Ted Wirth. “Earlier this year, Diversified acquired Expo Management in the UK and Kavin Intertrade in Thailand.”
Diversified Communications is a leading international media company providing market access, education and information through global, national and regional face-to-face events, eMedia, publications and television stations.
Diversified serves a number of industries including: accounting and finance, business management, healthcare, transportation, natural and organic, seafood, food service, and commercial marine.
Partner Voices
MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.
Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.
Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.
The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.
MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.
MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.
Add new comment