Jupitermedia Sells Its JupiterResearch Division
Wednesday, 29 March 2006
Jupitermedia Corporation has sold its JupiterResearch division for $10.1 million in cash and the assumption of certain liabilities by the purchaser, subject to post-closing adjustments. The purchaser is JupiterKagan, Inc., a portfolio company of MCG Capital Corporation.
JupiterResearch is a leading provider of unbiased research, analysis and advice, backed by proprietary data, to help companies profit from the impact of the Internet and emerging consumer technologies on their businesses. MCG Capital provides capital to small- to mid-sized companies to support growth and value creation strategies.
The Jordan, Edmiston Group, Inc. acted as financial advisor to Jupitermedia, and Willkie Farr & Gallagher LLP provided legal representation to Jupitermedia for this transaction.