New York—Jupitermedia on Wednesday agreed to sell its JupiterResearch division to JupiterKagan for $10.1 million in cash and the assumption of certain liabilities that will be determined after the close of the deal.
JupiterResearch provides analysis and advice to help companies capitalize on Internet and emerging consumer technologies. JupiterKagan is a portfolio company of MCG Capital Corp., which provides capital to small and midsize companies. The deal was brokered by media investment bank Jordan, Edmiston Group. Jupitermedia provides original information, images, research and events for information technology, business and creative professionals. Its online division, JupiterWeb, operates five distinct online networks with more than 170 Web sites. —Matthew Schwartz