InfoTrends Announces Plans to Merge with Questex Media Group2 Oct, 2006
InfoTrends Announces Plans to Merge with Questex Media Group
NEWTON, MA — September 20, 2006 — Questex Media Group, Inc. and InfoTrends, Inc. announced today that the two have signed a definitive merger agreement. This agreement is subject to the approval of the shareholders of InfoTrends, and is expected to close by the end of September, when InfoTrends will become a wholly-owned subsidiary of Questex.
"This agreement marks a significant milestone in our drive to become a strategic business information resource for our customers," said Kerry C. Gumas, President & CEO of Questex. "InfoTrends has established a unique position as the world's leading provider of market data, research and strategic advisory services to the document solutions and digital imaging markets and is highly complementary to our business."
"This agreement is an excellent move forward for InfoTrends, as it will enable us to create additional value for our customers and also provide us access to new markets," said Charles A. Pesko, Jr., founder and President of InfoTrends.
The two companies have had a long-standing commercial relationship. InfoTrends was a founding partner of Questex Media's market leading ON DEMAND™ Digital Printing & Publishing Conference and Exposition, now in its 13th year, and continues to produce conference programming for the event.