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Ziff Davis agrees to sell Enterprise Group for $150 million

Published on .

New York—Ziff Davis Media announced Thursday that it has agreed to sell the assets of its Enterprise Group to Insight Venture Partners for about $150 million in cash. Insight Venture Partners is a New York-based private equity and venture capital firm that focuses on software and Internet investments. The deal is expected to close in the third quarter. Enterprise Group produces publications, online content and events aimed at the tech industry. Its assets include Baseline, CIO, eWEEK, baselinemag.com, cioinsight.com, channelinsider.com, deviceforge.com, eweek.com, microsoft-watch.com and webbuyersguide.com. It also has a database of 3.5 million business and technology users. Enterprise Group employees will remain in their current locations in Boston, New York and San Francisco, the company said. The deal does not include Ziff Davis’ two other main divisions: the Consumer/Small Business Group, which includes flagship PC Magazine, and the Game Group.
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