NEW YORK, Jan. 16, 2015 /PRNewswire/ — Penton, North America’s largest privately held professional information services company, announced today that it has acquired iNET Interactive, a leading event and digital information company that focuses on the booming Cloud, Hosting and Data Center segments of the technology sector. Industry sources expect these segments to experience annual growth of 25-30% in the years ahead.
“A core element of our strategy is creating scaled positions in advantaged sectors. This acquisition doubles our tech sector footprint, and does so in exceptionally fast growing segments. The acquisition of this high quality business allows us to take immediate advantage of the rapid growth being experienced in this segment,” said David Kieselstein, Penton CEO. “Moreover, we’ll be able to accelerate iNET’s growth as we leverage our excellent shared service growth capabilities. This is a proven model at Penton, and we’re excited to have found a perfect fit in iNET.”
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