TechTarget Announces Acquisition of KnowledgeStorm for $58 Million
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TechTarget, a Needham, Mass.-based business-to-business publisher of IT titles and online media, announced this week that it has acquired online search resource KnowledgeStorm Inc. for approximately $58 million. KnowledgeStorm, which should be fully integrated within TechTarget by the close of the second quarter of 2008, generates qualified leads for IT vendors.
“The acquisition of KnowledgeStorm further strengthens our leadership position and significantly increases our scale, customer penetration and value for advertisers,” says Greg Strakosch, chairman and CEO of TechTarget.
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