Charlotte, N.C.-based private equity firm Falfurrias Capital Partners has acquired a majority stake in Industry Dive, the seven-year-old B2B media company whose online verticals span 19 different sectors including banking, construction, retail and supply chain. Contacted via email, Industry Dive co-founder and CEO Sean Griffey said neither side is sharing the financial terms of the transaction, but that the company plans to use the influx of funding to expand into additional markets, both through new launches and acquisitions, and to invest in its journalism. With revenues have more than quadrupled since 2015 to $22 million as of last year, the company hired eight additional editors and reporters a month ago when it launched its 19th vertical, CFO Dive, bringing the total newsroom headcount to 72. "We were attracted to Falfurrias because they shared our vision for the future," Griffey tells Folio:. "From the very first meeting, they highlighted their belief in the importance of high-quality, independent journalism to grow media companies. That resonated with the team here. We've had opportunities in the past but never felt that we had a partner who so closely aligned with our vision and values before." As a result of the deal, Falfurrias will gain two seats on Industry Dive's board of directors, but the company will continue to be led by Griffey and his two co-founders, CTO Eli Dickinson and CRO Ryan Willumson. Industry Dive isn't sharing which markets, specifically, it... Continue reading at 'Folio Magazine'
[ Folio Magazine | 2019-09-05 16:26:03 UTC ]
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Japanese e-commerce company Rakuten said on Tuesday that it plans to acquire Canadian ebook and e-reader company Kobo in a bid to expand in the area of media... Continue reading at PC World
[ PC World | 2011-11-09 00:00:00 UTC ]
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Written By: Bookseller Staff Publication Date: Wed, 09/11/2011 - 09:15 Australias publishers have moved to compromise in the battle to protect their industry from parallel importing. According to a report from Inside Retail, the Book Industry Strategy Group (BISG) has made a recommendation to... Continue reading at The Bookseller
[ The Bookseller | 2011-11-09 00:00:00 UTC ]
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Written By: Tom Holman Publication Date: Tue, 08/11/2011 - 15:57 The books industry is not doing enough to attract and train staff to take advantage of the surge in ebook sales, this years Digital Book Census survey from The Bookseller has found. The survey of more than 2,200 people, nearly... Continue reading at The Bookseller
[ The Bookseller | 2011-11-08 00:00:00 UTC ]
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Publication Date: Thu, 03/11/2011 - 15:00 Oneworld has acquired the third novel by The Book of Night Women author, Marlon James. Publisher Juliet Mabey acquired UK and Commonwealth rights in a strong five-figure pre-empt from agent Claire Roberts at Trident Media Group. Lined up for... Continue reading at The Bookseller
[ The Bookseller | 2011-11-03 00:00:00 UTC ]
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Written By: Graeme Neill Publication Date: Tue, 01/11/2011 - 09:35 HarperCollins has bought US religious publisher Thomas Nelson for an undisclosed sum. The deal is expected to go through by the end of the year. Thomas Nelson currently publishes the US bestseller Heaven is for Real. read more Continue reading at The Bookseller
[ The Bookseller | 2011-11-01 00:00:00 UTC ]
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Written By: Charlotte Williams Publication Date: Tue, 01/11/2011 - 09:30 Harvill Secker has acquired a Swedish crime trilogy by television scriptwriter Alexander Soderberg. Publishing director Liz Foley bought UK and Commonwealth rights, excluding Canada, in the series, The Andalucian Friend,... Continue reading at The Bookseller
[ The Bookseller | 2011-11-01 00:00:00 UTC ]
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Written By: Katie Allen Publication Date: Thu, 27/10/2011 - 14:15 Solaris Books has acquired the sequel to Helix by sci fi author Eric Brown. Editor-in-chief Jon Oliver acquired UK and US rights in Helix Wars in a deal with agent John Jarrold. The title will be delivered in spring 2012 with... Continue reading at The Bookseller
[ The Bookseller | 2011-10-27 00:00:00 UTC ]
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Written By: Charlotte Williams Publication Date: Tue, 18/10/2011 - 07:00 Saltyard Books has bought two books about Prashad, the Indian restaurant run by the Patel family in Bradford which narrowly missed out on Gordon Ramsey's Britain's Best Restaurant award. Saltyard Books publisher Elizabeth... Continue reading at The Bookseller
[ The Bookseller | 2011-10-18 00:00:00 UTC ]
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Written By: Charlotte Williams Publication Date: Fri, 07/10/2011 - 10:59 Penguin has acquired a diary written during the Second World War by a teenage concentration camp internee, striking a deal directly with the author at her home in Prague. Viking publishing director Venetia Butterfield... Continue reading at The Bookseller
[ The Bookseller | 2011-10-07 00:00:00 UTC ]
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Written By: Charlotte Williams Publication Date: Thu, 06/10/2011 - 08:40 Jonathan Cape has acquired a second novel from the John Llewellyn-Rhys prize-winning author Evie Wyld. Senior editor Alex Bowler acquired UK and Commonwealth rights to Wyld's All the Birds, Singing from Laetitia... Continue reading at The Bookseller
[ The Bookseller | 2011-10-06 00:00:00 UTC ]
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Publication Date: Wed, 05/10/2011 - 14:15 Omnibus Press is to publish a biography of double Grammy-winning singer Adele, penned by The Bookseller's non-fiction previews editor Caroline Sanderson. Omnibus commissioning editor David Barraclough acquired world, all English and electronic rights to... Continue reading at The Bookseller
[ The Bookseller | 2011-10-05 00:00:00 UTC ]
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Written By: Charlotte Williams Publication Date: Tue, 04/10/2011 - 10:15 Chatto & Windus has acquired a second book by the author of the bestselling memoir The Hare with Amber Eyes Edmund de Waal. Editorial director Clara Farmer bought UK and Commonwealth rights to The White Book: A... Continue reading at The Bookseller
[ The Bookseller | 2011-10-04 00:00:00 UTC ]
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Written By: Graeme Neill Publication Date: Mon, 03/10/2011 - 15:21 Canongate has sold its controlling stake in Australian publisher Text Publishing to Maureen and Tony Wheeler, the founders of Lonely Planet. The deal, for an undisclosed sum, generates a "sizeable" amount of cash to invest into... Continue reading at The Bookseller
[ The Bookseller | 2011-10-03 00:00:00 UTC ]
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In a continuum of an acquisition series that has become Bonniers growth strategy, the publisher acquires Hearsts Cycle World. Terms of the deal remain undisclosed. Continue reading at Folio Magazine
[ Folio Magazine | 2011-09-30 00:00:00 UTC ]
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Written By: Graeme Neill Publication Date: Fri, 23/09/2011 - 10:47 Simon & Schuster has bought a memoir by opera star and "Les Miserables" lead Alfie Boe. Non-fiction editor Rory Scarfe bought world rights at auction from Felicity Blunt at Curtis Brown. The book, Alfie, will be published... Continue reading at The Bookseller
[ The Bookseller | 2011-09-23 00:00:00 UTC ]
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Publishers have big hopes that tablet editions will help offset what have been soft sales of their ink on paper magazines. But digital magazine sales have been slow to take off. Some are testing a new service that could help them get more out of their sales efforts, though. A New Jersey-based... Continue reading at AdWeek
[ AdWeek | 2011-09-22 00:00:00 UTC ]
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Glam Media, a lifestyle and fashion blog network, has acquired Ning, a platform for building social media communities. Terms of the deal were not disclosed, but reports are putting the price in the $150 million to $200 million range and mostly in stock. Continue reading at Folio Magazine
[ Folio Magazine | 2011-09-21 00:00:00 UTC ]
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Written By: Charlotte Williams Publication Date: Fri, 16/09/2011 - 09:21 Virago has bought rights to a satirical novel set at a top-class university. Associate publisher Ursula Doyle bought UK and Commonwealth rights to Penelope by Rebecca Harington from Jane Finigan at Lutyens &... Continue reading at The Bookseller
[ The Bookseller | 2011-09-16 00:00:00 UTC ]
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Written By: Charlotte Williams Publication Date: Mon, 12/09/2011 - 08:40 Penguin Ireland has acquired a first novel about the "mysteries and alchemies of friendship", likening it to The Reluctant Fundamentalist and the writing of W G Sebald. Senior editor Brendan Barrington bought world rights... Continue reading at The Bookseller
[ The Bookseller | 2011-09-12 00:00:00 UTC ]
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Written By: Lisa Campbell Publication Date: Fri, 09/09/2011 - 08:45 Discount retailer The Works has said it hopes to expand its stores in the UK by nearly 150, as well as growing its e-commerce business with the sale of ebooks. The retailer has opened 43 new stores this yearbringing its total... Continue reading at The Bookseller
[ The Bookseller | 2011-09-09 00:00:00 UTC ]
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