MUMBAI: The New York-based CMP Media has acquired Shorecliff Communications, the premier global event organizer and information provider serving the RFID (radio frequency identification), IPTV, broadband and wireless infrastructure communities.
Shorecliff's specialised events in these high growth markets continue CMP's drive to broaden its brand portfolio and strengthen its ability to more closely connect technology sellers to buyers.
Shorecliff Communications is well known throughout the industry for its leading edge conferences, including RFID World, Broadband Wireless World, Tower Summit & Trade Show and TelcoTV. These events enhance CMP's robust technology events portfolio, including Computer Security Institute, Black Hat, and the Embedded Systems, Software Development and Game Developer Conferences, states an official release.
Market researcher Venture Development Corp. projects the RFID market to grow to nearly $6 billion in 2008 from $1.8 billion in 2004. Shorecliff events also lead the burgeoning IPTV (internet protocol television) industry market. According to market research firm Multimedia Research Group, the global IPTV market will grow from 2 million subscribers in 2004 to 26 million in 2008.
"The Shorecliff team has shown an uncanny ability to anticipate hot, emerging market segments and get there first with outstanding events," said CMP Media president & CEO Steve Weitzner. "This acquisition is part of a broad-based strategy to grow our audience and diversify our solutions for bringing sellers and buyers together."
"Joining CMP Media is an important milestone for Shorecliff Communications and the industries we serve," said Shorecliff Communications president Timothy Downs. "With CMP's wide array of media properties, we have the opportunity to offer our customers more integrated marketing programs that deliver increased value, quality education and exposure."