Euromoney acquires BroadGroup
BroadGroup’s brands include Datacloud, the Finance and Investment Forum and Data Economy.
Euromoney has acquired an initial 49% stake in BroadGroup, a London-based events and publishing business operating in the fast-growing area of data centre and cloud services, together with their financing.
BroadGroup was founded in 2002 by an entrepreneur Philip Low who, over the past decade, has successfully built and hosted a series of events for data centre, cloud and IT infrastructure executives.
In June, BroadGroup hosts its flagship event, Datacloud Global Congress, an annual event in Monaco attended by delegates from more than 50 countries and has additional events in the Nordic and Asia markets.
It is the leading networking and deal making forum for data centre and cloud IT infrastructure end-users, software, solutions providers, investors and a broad range of companies engaged in the sector.
BroadGroup will be managed as part of Rosalind Irving’s Telcap portfolio, expanding Euromoney’s presence in the telecoms markets.
Rosalind Irving stated: “We admire the position in the market occupied by BroadGroup’s events and we feel that the business has excellent growth potential. This can be maximised by our two organisations joining forces to offer a valuable series of events for the dynamic and rapidly developing telecoms market”
“BroadGroup is focused on continued growth in data centre markets globally, and this exciting project joining forces with Euromoney allows us to accelerate the expansion of our flagship brands to become leaders in each region,” said Philip Low, chairman.
“This new opportunity reinforces our strategy to deliver value for our customers, sponsors and delegates at events around the world.”
Data Economy is the trusted BroadGroup brand for information, data and insight into the data centre and cloud sectors.
About Euromoney Institutional Investor PLC
Euromoney Institutional Investor PLC is listed on the London Stock Exchange and is a member of the FTSE 250 share index. It is an international business-to-business information group focused primarily on asset management, pricing, data and market intelligence, and banking and finance under brands including BCA Research, Ned Davis Research, Metal Bulletin, Euromoney and Institutional Investor. The group also runs an extensive portfolio of events for the telecoms, financial and commodities markets. Its main offices are in London, New York, Montreal, Hong Kong and Sofia, and more than a third of its revenues are derived from emerging markets.