Top achievements of 2007:
After a decade of ownership by U.S. Equity Partners, ALM was acquired in August by Incisive Media, a London-based b-to-b publishing company, for $630 million. Pollak called the deal positive on all fronts: ALM’s previous investors were happy with the sale price. ALM now has a platform for international expansion. Incisive can use ALM as a launching pad for further acquisitions in North America. And the morale at ALM has been re-energized by its new owner.
Top priorities for 2008: Pollak’s first priority is to move ALM’s online strategy "from Web 1.0 to Web 2.0," he said. "Our legal and commercial real estate audiences have been laggards on the Internet. Now, we are ready, and they are ready." Pollak’s second priority is "to piggyback on Incisive’s infrastructure in London and Hong Kong to expand in Asia."