Reed Business Information (“RBI”) announced today that it has sold BuyerZone, the leading online marketplace for buyers and sellers of SMB products and services, to TechMedia Network, Inc. (“TMN”). Terms of the agreement were not disclosed.
The decision to sell the business reflects RBI’s increasing focus on paid content models and data services.
BuyerZone’s marketplace features over one million registered buyers and a network of more than 8,500 sellers across 150-plus product and service categories, including business phone systems, POS systems, digital copiers, payroll services and security systems.