Former Bobit CEO Launches New Company, Acquires Machine Learning Conference

An ongoing pause on large-scale gatherings in the U.S. during the second quarter of 2020, unsurprisingly, also led to a near-total shutdown of M&A activity in the conference and trade show space. At the onset of Q3, however, the Machine Learning Conference—an eight-year-old events series which attracts hundreds of attendees to its semi-annual shows in New York and San Francisco, among other locales—says it's successfully been sold after eight years as an independent business. The buyer: ModalityIQ, a new company quietly launched last November by former CFO Publishing and EnsembleIQ exec Richard Rivera, who most recently spent a year as CEO of Bobit Business Media, where he was among a handful of executives who have both arrived and left since that company was acquired by private equity firm Gemspring Capital late in 2018. "We were attracted to MLconf because of its loyal, dedicated, collaborative and vibrant community who are all on the frontier of developing advanced and emerging technologies that will change the way we live, work and play," Rivera told Folio: late last week. "MLconf is all about ’sharing lessons learned,’ which is at the heart of our mission at ModalityIQ." We wanted to learn more about Rivera's new company, as well as the vision behind investing in an events business in the midst of a global pandemic, so we conducted the following interview via email last week, which has been lightly edited for length and clarity. [caption id="attachment_182575"... Continue reading at 'Folio Magazine'

[ Folio Magazine | 2020-07-13 16:41:14 UTC ]
News tagged with: #made sense #stronger position #broader set #showing signs #webinar sale #risky proposition #customer relationships #due diligence #approach post-transaction #additional acquisitions #specific opportunities #emtech run #identity management #autonomous operations #functional facets

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