Gartner Completes Sale of Vision Events to CMP

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March 2nd, 2008 Leave a comment Visited 32 times, 1 so far today

Gartner, Inc. (NYSE: IT), the world’s leading information technology research and advisory company, today announced it has completed the sale of its Vision Events portfolio to CMP, a media and marketing solutions company serving the technology industry and a subsidiary of United Business Media (UBM.L).

Beginning in first quarter 2008, Gartner expects to account for Vision Events as a discontinued operation. In 2007, the business generated revenue of approximately $21 million, Normalized EBITDA of approximately $4 million and earnings per share of approximately $0.02. Excluding Vision Events, Gartner’s global events business delivered 62 events and generated revenues of $160 million in 2007.

The Jordan, Edmiston Group, Inc. (www.jegi.com) of New York, the leading provider of independent investment banking services for the media and information industries, represented Gartner in this transaction and acted as its exclusive financial advisor.

About Gartner

Gartner, Inc. (NYSE: IT) is the world’s leading information technology research and advisory company. Gartner delivers the technology-related insight necessary for its clients to make the right decisions, every day. From CIOs and senior IT leaders in corporations and government agencies, to business leaders in high-tech and telecom enterprises and professional services firms, to technology investors, Gartner is the indispensable partner to 60,000 clients in 10,000 distinct organizations. Through the resources of Gartner Research, Gartner Consulting and Gartner Events, Gartner works with every client to research, analyze and interpret the business of IT within the context of their individual role. Founded in 1979, Gartner is headquartered in Stamford, Connecticut, U.S.A., and has 3,900 associates, including 1,200 research analysts and consultants in 75 countries. For more information, visit www.gartner.com.
Contacts

Gartner
MEDIA
Andrew Spender, +1-203-316-3286
andrew.spender {at} gartner(.)com
or
INVESTORS
Henry Diamond, +1-203-316-3399
Henry.diamond {at} gartner(.)com





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