News this week: Australia-based B2B media company, Cirrus
Media (formerly Reed
Business Information
Australia), has acquired FST Media for an undisclosed sum. FST Media is a leading producer of technology
conferences and specialist publications for the banking and financial services
sector in the Asia Pacific region.
Under the terms of
agreement, FST Media will retain its brand with the addition of several new key
vertical markets to its current portfolio. FST Media’s managing directors, John
Todd and Angela Horvat, will remain in their posts and become shareholders of
Cirrus Media.
Jeremy Knibbs, CEO
of Cirrus Media, said, “Cirrus Media is excited at the prospect to extend FST
Media’s expertise in conferencing and specialist publications across our
portfolio. Meanwhile, FST Media will further benefit from Cirrus Media’s
strength in developing media brands, particularly through deeper digital
engagement and content.”
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