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TechTarget becomes profitable

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Needham, Mass.--Bucking the harsh downward trend in technology media, TechTarget announced Tuesday that it reached profitability in the third quarter.

The privately held tech media company, which operates niche information technology Web sites such as Searchstorage.com, said its revenue increased 41% in the third quarter, compared with the same quarter last year.

TechTarget also said the recently completed quarter was its third consecutive cash-positive quarter.

TechTarget has recently expanded beyond the Web into print and events. Clients include IT heavyweights IBM Corp., Microsoft Corp. and Sun Microsystems.

--Sean Callahan

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