27th Jun 2006 12:22
27 June 2006 Daily Mail and General Trust plc (`DMGT') Acquisition of Evanta dmg world media, the exhibitions division of DMGT, announces the acquisition ofthe business and assets of Evanta, a Portland, Oregon-based producer ofhigh-level conferences targeting Chief Information Officers of Fortune 1000companies.Marketed as "CIO Summits", the 2006 schedule comprises by invitation-onlyevents in the key North American markets of Atlanta, Boston, Chicago, Columbus,Dallas, Detroit, Houston, New York, San Francisco, Southern California, Torontoand Washington, DC. These events attract sponsorship from technology industryleaders such as Microsoft, Oracle, Intel, EDS, Cisco, Novell, AT&T, EMC, SAP,Deloitte, Accenture and KPMG.Evanta will form part of dmg world media's Technology sector, which includesthe ad:tech series of exhibitions and conferences and the iMedia Summits andon-line community.The total cost of the deal is estimated to be US$ 30million (‚£16.3 million),including an initial payment of US$ 17.5million (‚£9.5million), and furtherpayment depending on the profitability over the next 3 years, estimated to beUS$ 12.5million (‚£6.8million).Enquiries to:Mia Eng, Corporate Communications Director, dmg world media 001 416 385 2016Peter Williams, Finance Director, DMGT 020 7938 6631 Daily Mail and General Trust plc Northcliffe House, 2 Derry Street, London, W8 5TT Tel 020 7938 6000 Fax 020 7938 4626 www.dmgt.co.uk Registered in England and Wales No. 184594ENDDAILY MAIL & GENERAL TRUST PLCRelated Shares:
DMGT.L