Jupitermedia Buys DevX.com

  • July 14, 2003
Jupitermedia Corp. announced on Monday that it has acquired DevX.com Inc.'s assets for $2.25 million in cash, 200,000 restricted shares of Jupitermedia common stock and the assumption of certain liabilities. DevX provides online technical information and services for corporate software development teams through public Web sites and others developed for technology- product companies and corporate information-technology departments. In a press release, Jupitermedia said it expects "significant marketing and business synergies" between DevX.com's sites and Jupitermedia's Internet.com, EarthWeb.com and ArtToday.com networks and its IT-focused conference and trade-show business. DevX.com Network's president, Peter Horan, will remain in his current position.
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