The creation of Informa TechTarget was confirmed following the successful completion of the combination of TechTarget and Informa Tech’s digital businesses on December 2, 2024. The new entity aims to be a leading B2B growth accelerator for the technology industry, providing services to help companies achieve faster market entry and revenue generation.
Informa TechTarget now employs over 2,000 people and serves 7,500 customers globally, operating within a B2B marketing market estimated at $20 billion annually. The company's offerings are built on unique B2B audiences, permissioned intent data, specialist insights, and end-to-end go-to-market services.
Informa PLC contributed $350 million in cash and its Informa Tech Digital Businesses in exchange for approximately a 57% equity stake in the new company. Existing TechTarget shareholders received approximately $11.70 per outstanding TechTarget share in cash and retained approximately a 43% equity stake in the new entity. Gary Nugent, former CEO of Informa Tech, will serve as the new CEO.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.