Informa Buys Light Reading Portfolio for Undisclosed Sum
Light Reading, a content-driven media business focusing on the telecom industry, has been sold to Informa, a global business intelligence, academic publishing, knowledge and events business. Terms of the deal were not disclosed.
Light Reading will join Informa’s Knowledge & Networking Division, which currently consists of a portfolio of specialist content, data products and high quality confexes in several key verticals, including TMT. This acquisition is part of an expansion of Informa’s TMT capabilities.
One of Light Reading’s larger events is the Cable-Tec Expo, on tap Sept. 26-29 in Philadelphia.
Founded in 2000, Light Reading is a US-based, business-to-business digital information, marketing and events business with a strong reputation and loyal following within the global TMT community.
Through its Light Reading and Heavy Reading information products and high quality confexes, it has grown rapidly in recent years to become a key partner to a broad range of companies within the TMT space.
Alongside its broad range of specialist TMT data, knowledge and customer relationships, Light Reading brings capabilities in areas such as specialist content, digital communities and targeted marketing.
JEGI, an independent investment bank for the global media, information, marketing, software and tech-enabled services sectors, headquartered in New York, represented Light Reading in this transaction.