WebMediaBrands Announces the Acquisition of the Semantic Technology Conference (SemTech) and Semantic Universe Blog
September 20 2010 - 7:00AM
Business Wire
WebMediaBrands (Nasdaq: WEBM) today announced that it has
acquired all of the assets of the Semantic Technology Conference
(SemTech) and the SemanticUniverse.com blog from Wilshire
Conferences. SemTech is the largest conference in the world
dedicated to the rapidly growing topic of the Semantic Web and
Linked Data. Tony Shaw and Dave McComb, founders and operators of
SemTech, will continue as consultants and will take an active role
in expanding and operating SemTech for WebMediaBrands in coming
years. SemTech 2011 is scheduled to take place in June 2011 in San
Francisco, CA. SemanticUniverse is a blog and e-mail newsletter
providing news and articles about the application of semantic
technologies. Terms of the transaction were not disclosed.
“The Semantic Web is a rapidly growing technology that is
affecting search marketing, retail marketing, and publishing and
media markets,” stated Alan M. Meckler, Chairman and CEO of
WebMediaBrands. “SemTech was founded in 2005 and has become the
main trade show for those interested in the future of Semantic Web
developments in technology as well as commercial applications.
WebMediaBrands already has one of the leading blogs covering the
field, SemanticWeb.com, and has operated the Semantic Web Summit
conference. By combining forces with Semantic Universe and SemTech,
WebMediaBrands has become the definitive source of information for
what appears to be one of the next great revolutions in Web search
and marketing. We expect that this acquisition will be accretive to
our earnings and cash flows,” added Meckler.
”Semantic technologies are clearly going mainstream, both on the
web and in the enterprise,” stated Tony Shaw. “We felt we needed
the resources and expertise of a larger, robust media organization
to keep pace with these rapid developments. Dave and I are thrilled
to continue the job we started - building a world-class educational
organization focused on semantics – and now with the enthusiastic
support of Alan Meckler and WebMediaBrands,” added Shaw.
About WebMediaBrands Inc.
WebMediaBrands Inc. (Nasdaq: WEBM, www.webmediabrands.com) is an
Internet media company that provides content, education, trade
shows, and online job board services to media and business
professionals. The Company’s online business includes: (i)
mediabistro.com, a leading blog network providing content, career,
and educational resources about major media markets and industry
verticals including new media, TV news, advertising, public
relations, publishing, design, mobile and the semantic web; (ii)
SocialTimes.com and AllFacebook.com, providing industry-leading
content about the latest developments in social media, social
networks, and social gaming; (iii) other leading content websites
including AgencySpy, PRNewser, eBookNewser, BrandsoftheWorld,
GalleyCat, and TVNewser; and (iv) e-commerce websites including
FreelanceConnect.com and StockLogos.com. The Company’s educational
offerings include online and in-person courses, panels, certificate
programs, and video subscription libraries for media and business
professionals on topics including social media, journalism,
advertising, design, publishing, Web content, video, and more.
WebMediaBrands’s trade shows include Think Mobile, Smartphone Games
Summit, Social Gaming Summit, Virtual Goods Summit, eBook Summit,
Semantic Web Summit, Freemium Summit, Social Developer Summit,
Mediabistro Circus and Mediabistro Career Circus. The Company’s
mediabistro.com business also includes an industry-leading job
board for media and business professionals focusing on job
categories such as social media, online/new media, publishing,
public relations/marketing, advertising, sales, design, television
and more.
All current WebMediaBrands press releases can be found online at
www.webmediabrands.com/corporate/press.html
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