Jupitermedia Sells Jupiter Research for $10.1 million

Jupitermedia corporation has sold its JupiterResearch division for $10.1 million.

Jupitermedia corporation has sold its JupiterResearch division for $10.1 million. The purchaser is JupiterResearch, LLC a subsidiary of JupiterKagan, Inc., which is a portfolio company of MCG Capital Corporation.

Alan M. Meckler, Chairman and CEO of Jupitermedia Corporation, said: “The sale of the JupiterResearch business is further evidence of Jupitermedia’s strategy to be primarily focused on our rapidly growing digital asset collections. The funds received will continue to strengthen our balance sheet and allow us to have greater buying power for more acquisitions for our Jupiterimages division”. [source]