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

The top funds to invest in
Funds

The top funds to invest in

As market volatility and recessionary fears continue, here are the most popular funds, stocks and trusts investors are putting their money into accord…
2 Feb 2023
The ten highest dividend yields in the FTSE 100
Income investing

The ten highest dividend yields in the FTSE 100

Rupert Hargreaves takes a look at the companies with the highest dividend yields in the UK’s blue-chip index
23 Jan 2023
The top ten dividend stocks in the FTSE 250
Share tips

The top ten dividend stocks in the FTSE 250

The average FTSE 250 dividend yield is around 4%, but many stocks yield much more. Rupert Hargreaves picks the best FTSE 250 stocks for income investo…
17 Jan 2023
Investing trends to watch out for in 2023: what analysts say
Investment strategy

Investing trends to watch out for in 2023: what analysts say

What are sensible strategies for high inflationary times? We ask analysts to find out.
22 Dec 2022

Most Popular

When will interest rates go up?
UK Economy

When will interest rates go up?

Interest rates are now at 4%, and they could rise further in the months ahead.
3 Feb 2023
NS&I brings back one-year fixed bonds with highest rates since 2010
Personal finance

NS&I brings back one-year fixed bonds with highest rates since 2010

NS&I’s one-year fixed bonds are back on sale after being pulled off the market in 2019 - but is the rate any good?
1 Feb 2023
Covid-19 vaccines helped these stocks take off, but what’s next for these companies?
Investments

Covid-19 vaccines helped these stocks take off, but what’s next for these companies?

Dominic Frisby explores how the top vaccine stocks are doing as booster take-up remains at a low
2 Feb 2023