CFO Publishing LLC acquires The Innovation Enterprise Group
(Press Release) Jan. 24, 2012—CFO Publishing LLC (CFO) announced today its acquisition of The Innovation Enterprise Group (IEG) to expand its live-event business. The addition of IEG products is expected to extend CFO's industry leading conference events for senior finance executives into Asia and Europe as well as add to its US portfolio.
IEG is a young, energetic, highly entrepreneurial business-to-business multi channel media brand focused on the information needs of Senior Finance, Operations, Planning, Strategy, Decision Support & Advanced Analytics executives. With headquarters in London, the company was founded in 2009 by Josie King, President. In addition to conferences, products include online and on-demand content and communities as well as marketing services, on-site custom production, and custom research.
"We are excited to bring IEG into the CFO family," said Alan Glass, chairman and CEO of CFO Publishing LLC. "It's a highly complementary business to CFO providing the opportunity to expand our live- event business and allowing us to offer deeper, richer educational tools for senior finance executives. Additionally, the acquisition provides CFO with a launching pad for expansion into Asia and Europe which we fully intend to do."
"IEG is motivated at the prospect of growing the group and its products with the support of CFO Publishing with its wealth of experience and stellar reputation in the senior finance community," said Josie King President of IEG. "The integration brings together a talented fast moving start up and a powerhouse in B2B publishing enabling a unique collaboration to be reflected in future products and services."
The business will continue to operate under the IEG name in its existing headquarters' facility in London with Josie King as Managing Director reporting directly to Alan Glass.
CFO Publishing continues to expand its business through new product development along with strategic acquisitions. Products include CFO magazine, CFO.com, CFO Conferences, CFO Metrix and CFO Research Services. With the acquisition of IEG, CFO Conference's live-events will grow from six in 2011 to more than 40 in 2012.