101communications To Acquire FCW Government Technology Group, Publisher Of Federal Computer Week And Civic.Com Magazines
CHATSWORTH, CA – AUGUST 28, 2000 – 101communications, a fast growing business-to-business technology media company, today announced its agreement to acquire FCW Government Technology Group, Inc., publisher of Federal Computer Week, the leading publication for the U.S. government information technology market. The deal is expected to close by the end of September. The transaction also includes FCW’s award-winning FCW.COM website and civic.com magazine – covering the state and local government IT market, and the company’s market-leading events, including the Government CIO Summit series and the Federal 100 awards gala.
"The $100 billion U.S. public sector IT market is a critical vertical segment to add to our growing base of highly focused technology publications, web sites and conferences. We are delighted with this acquisition of the market leader in advertising revenue, audience and editorial quality and innovation in print, online and events," said 101 Chairman Curt Hessler. "FCW will provide our customers with an expanding portfolio of integrated marketing opportunities."
"We’re excited by the prospect of joining the 101 team and working together to cement our preeminent position in public sector IT media," said Edith Holmes, FCW’s president and CEO. "I expect Federal Computer Week and all the FCW properties will make a very positive addition to 101’s vertical strategy."
Founded by IDG in 1987, FCW is the market leader in media for the federal government IT community. Together, Federal Computer Week and civic.com reach 148,000 subscribers in federal, state and local governments and the IT industry supporting them. FCW.COM delivers 1 million ad impressions a month and has a permission-based email address list of more than 50,000 government IT volume buyers and influential users. FCW’s leading events, Federal 100 and Government CIO Summit have been sold out in 2000. Company information is available at www.fcw.com.
101 acquired FCW from IDG, the Boston-based technology media company. Terms of the transaction were not disclosed.
Founded in 1998, 101communications is an integrated media company in the business-to-business market aimed at the many specialized targets within the greater information technology community. 101's portfolio includes 14 magazines, over 30 conferences and extensive digital offerings in the U.S. and Europe in four areas: Software Development (Application Development Trends, Java Report, The Journal of Object-Oriented Programming, Application Development Advisor, JavaSPEKTRUM, OBJECTspektrum, SIGS/101 Conferences); Vertical Markets (Recharger Magazine, Recharger WorldExpo, Syllabus, Syllabus Conferences); Windows Networking (ENT, Microsoft Certified Professional Magazine, MCP TechMentor Conferences); and Enterprise Technology (Enterprise Systems Journal, HP Professional, MIDRANGE Systems, Enterprise Linux, The Data Warehousing Institute, IT Events). More company information is available on the Web at www.101com.com.
About International Data Group (IDG)
Headquartered in Boston, International Data Group (IDG) informs more people worldwide about information technology than any other company in the world. With annual revenues of $2.56 billion, IDG is the leading global provider of IT media, research, conferences and expositions. IDG publishes more than 300 newspapers and magazines and 4,000 book titles in 80 countries, led by the Computerworld/InfoWorld, Macworld, Network World, PC World, CIO and For Dummies(R) global product lines. IDG offers online users the largest network of technology-specific sites around the world through IDG.net (www.idg.net), which comprises more than 270 targeted Web sites in 70 countries. IDG is also a leading producer of 168 computer-related expositions in 35 countries, and IDG's research arm IDC, provides computer industry research and analysis through 51 offices in 43 countries worldwide. Company information is available at www.idg.com.