Euromoney enters techie market

Euromoney, the international online information and events group, is moving into the technology sector with an eight million dollar offer to buy up Californian outfit TTI/Vanguard.

Euromoney, the international online information and events group, is moving into the technology sector with an eight million dollar offer to buy up Californian outfit TTI/Vanguard.

It is to pay $8m for an 87% stake in the US firm, with the remaining equity to be acquired in two stages of an earn-out (based on performance) by December 2014.

TTI/Vanguard offers technology executives conferences that explore how emerging and potentially disruptive innovations can affect their organisations.

Under its Institutional Investor brand, Euromoney already runs a Financial Technology Forum in the United States.

The firm said it had a strong record of running and successfully building subscription memberships in asset management in the US, Europe and Asia.

It now hopes to apply this expertise to grow TTI/Vanguard's business globally.

Richard Ensor, Chairman of Euromoney said the deal took his firm into the high-technology content sector.

"Euromoney has a successful record of acquiring events businesses and accelerating their growth globally, as demonstrated over the past 15 years by the success of Institutional Investor which now has 13 subscription memberships around the world," he said.

Recommended

Three top-notch Asian stocks to buy
Share tips

Three top-notch Asian stocks to buy

Professional investors Adrian Lim and Pruksa Iamthongthong, managers of the Asia Dragon Trust, pick three of their favourite Asian stocks to buy now.
23 Sep 2022
Why you should short this satellite broadband company
Trading

Why you should short this satellite broadband company

With an ill-considered business plan, satellite broadband company AST SpaceMobile is doomed to failure, says Matthew Partridge. Here's how to short th…
23 Sep 2022
Share tips of the week – 23 September
Share tips

Share tips of the week – 23 September

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
23 Sep 2022
Momentum investing – and why price matters more than anything else
Investment strategy

Momentum investing – and why price matters more than anything else

The recent fashion for momentum investing, with investors piling into expensive growth stocks, is nothing new, says Merryn Somerset Webb. And the dang…
21 Sep 2022

Most Popular

Beating inflation takes more luck than skill – but are we about to get lucky?
Inflation

Beating inflation takes more luck than skill – but are we about to get lucky?

The US Federal Reserve managed to beat inflation in the 1980s. But much of that was down to pure luck. Thankfully, says Merryn Somerset Webb, the Bank…
26 Sep 2022
Earn 4.1% from the best savings accounts
Savings

Earn 4.1% from the best savings accounts

With inflation topping 10%, your savings won't keep pace with the rising cost of living. But you can at least slow the rate at which your money is los…
27 Sep 2022
The pick of this year's best-performing investment trusts
Investment trusts

The pick of this year's best-performing investment trusts

Market conditions haven’t been easy, but these investment trusts have delivered strong growth, says David Stevenson.
23 Sep 2022