Evanta Is Acquired by DMG World Media
Monday, 24 July 2006
Evanta, Inc. has been acquired by dmg world media. Evanta, a three-year-old company headquartered in Portland, OR, has quickly become recognized as the premier producer of Fortune 1000 CIO executive conferences. As part of dmg world media, a premier international exhibition and publishing company, Evanta plans to expand the reach of its CIO Executive Summits internationally.
The Jordan, Edmiston Group, Inc. closed the transaction.
Each CIO Executive Summit is a unique peer-to-peer experience that blends content and contacts in an interactive format. With a clearly defined “by CIOs, for CIOs” directive, each Summit is overseen by a Governing Body, who steers the content and selects the speakers for each Summit. The CIO Executive Summit Governing Body is chaired by some of the world’s leading global organizations, including: Chevron; Coca-Cola; State Farm; General Motors; Altria Group (Philip Morris-Kraft Foods); Northrop Grumman; and Wells-Fargo; among others.
Working in partnership with key business schools, professional associations, technology groups and a host of internationally recognized thought leaders, Evanta’s CIO-focused approach is designed to provide new insights, while expanding professional relationships. Summit attendance is by invitation only, so registrants are Chief Information Officers, Vice Presidents of IT and other pre-qualified direct reports, and line of business VPs.
“The interest that Evanta received from the investment community was remarkable,” said Scott Peters, Managing Director for The Jordan, Edmiston Group, Inc. (JEGI), who represented Evanta in this transaction. “Evanta has clearly created a unique product with huge potential for continued marketplace growth. I expect the company’s integration with dmg world media will provide great opportunities for both parties involved.”
“This acquisition will help us realize our initial vision of creating a global company that offers value to CIO's of billion dollar companies all around the world,” said Evanta President Bob Dethlefs. “Now, as part of a first-rate global company, Evanta will be able to offer opportunities for professional relationship building, collaboration and idea sharing on a global scale.”
“We are pleased that Evanta has joined the dmg world media Technology Group,” said Mark Carr, Executive Vice President, Technology, dmg world media. “It’s an excellent business, with a very well constructed by-invitation-only model that generates incredible quality and customer loyalty. The founders have built a first class team of people who will fit into our culture perfectly. We’re proud to have them join our business.”