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ClickZ.com, SearchEngine Strategies Sold

Jupitermedia Corporation has sold its ClickZ.com network, SearchEngineWatch.com and SearchEngine Strategies show to UK based Incisive Media plc for $43 million in cash, the companies announced today.

Incisive Media is a London-based business information provider with interests in seven markets, including retail investment, insurance, financial risk management, mortgage, capital markets/financial IT, private equity and photographics. The Company delivers key information to defined target audiences across a variety of platforms in print, through magazines; in person via conferences and exhibitions; and online through its various websites.

Jupitermedia is the parent company of this publication and the internet.com, DevX.com and Earthweb networks.

"SES {search engine strategies} has all the hallmarks we look for in our acquisitions: this is a high margin business with robust core earnings, and it is a market leader in a strong and rapidly growing global market niche," Tim Weller, Chief Executive of Incisive Media, said in a statement.

The ClickZ.com network itself was acquired by Jupitermedia (then called internet.com) in September 2000 for $16 million in cash and stock.

$43.0 million (approximately £24.3 million) acquisition of Search Engine Strategies ("SES") (the "Acquisition") and placing of 8,200,000 new ordinary shares (the "Vendor Placing") at 150 pence per new ordinary share.

The deal is expected to close this month.

Resources: DigitalPoint, InternetNews and Incisive Media Plc

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