101communications sells U.K. assets

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Los Angeles--B-to-b media company 101communications L.L.C. announced Monday that it has sold its list rental and event assets in the U.K.

101 sold TargetFile, a list rental business with more than 150,000 IT professionals in its database, and XML/Web Services One, a U.K. conference, to Infoconomy, a London-based IT publisher, whose flagship property is Information Age.

101 also sold Linux Expo, a London trade show, to XPO Events Ltd. Financial terms of the deals were not disclosed.

“Our business presence in the United Kingdom has been relatively small, and by selling these assets to U.K. companies who can provide local management with local infrastructure, we believe they will have a greater opportunity for growth,” Jeffrey S. Klein, president-CEO of 101, said in a statement.

--Sean Callahan

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