RESEARCH TRIANGLE PARK – TechMedia, the Triangle-based firm that puts on the Internet Summit and a variety of other tech events around the country, has been sold.
“[B]een a long journey,” says cofounder Eric Gregg. “Entering a new phase.”
TechMed has been acquired by Naylor Association Solutions, which is part of Virginia-based RLJ Equity Partners.
A shot of the stage at Internet Summit. Photo via TechMedia/Internet Summit
Financial terms of the deal, which was announced Thursday, were not disclosed.
Naylor provides a variety of software, communications, event and management services.
Gregg and cofounder Scott Hedrik will become vice presidents with Naylor, the companies said.
TechMedia dates to 2001. It now puts on 20 conferences a year under its Digital Summit brand.
“We’re really excited to join the Naylor family,” Gregg said in a statement. “We think there’s a great cultural fit that will provide significant opportunity to further leverage and monetize our substantial arsenal of Digital Summit content through Naylor’s communications, websites, newsletters and other related brand extensions.”
Added Hedrik: “Digital Summit will continue to be the de facto community for digital marketers. Our partnership with Naylor will allow the digital marketing community to further flourish and continue to expand within the association market and beyond.”
