Advanstar Communications Inc. Acquires the Institute of Validation Technology, The Leading Source of FDA Validation Information.Business Editors NEW YORK--(BUSINESS WIRE)--March 8, 2004 Advanstar Communications Inc., a leading worldwide market-focused publishing, tradeshow and marketing services company, announced today that it has acquired the privately held Institute of Validation Technology (IVT IVT intravenous transfusion. ), the leading source of FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. validation and compliance information. The acquisition will strengthen Advanstar's presence in the Pharmaceutical sector by adding the Journal of Validation Technology, the Journal of GXP GXP Geospatial Exploitation Products GXP Galaxy Police (anime) GXP Grid Exit Point (utilities, electricity) GxP Good X Practice Compliance, and 16 training conferences to Advanstar's successful Pharmaceutical portfolio. The founder of IVT, Glenn Melvin, and John Kirchner will join Advanstar and retain their management positions after the transaction. Mr. Melvin will continue to operate the business and commented that, "We are quite excited about joining the Advanstar Pharmaceutical & Science Group. Their industry-recognized publications and solid reputation made this acquisition a natural fit." Mr. Kirchner added, "The IVT Conference Division is looking forward to being a part of the Advanstar team, and becoming the leading worldwide conference provider in the pharmaceutical industry." Joe Loggia loggia Hall, gallery, or porch open to the air on one or more sides. It evolved in the Mediterranean region as an open sitting room with protection from the sun. It is often a roofed, arcaded open gallery on an upper story overlooking a court, though it can also be a , Chief Executive Officer of Advanstar stated, "The combination of Advanstar and IVT will generate brand linkages, organizational synergies, and expanded information resources (1) The data and information assets of an organization, department or unit. See data administration. (2) Another name for the Information Systems (IS) or Information Technology (IT) department. See IT. that will benefit our customers greatly." Advanstar's current Pharmaceutical portfolio covers the entire discovery cycle, development, manufacturing, distribution and marketing. The addition of IVT will greatly enhance Advanstar's presence in the development and manufacturing markets. IVT's corporate headquarters and publishing division is located in Royal Palm Beach, FL, while the conference division is located in Fort Lauderdale, FL. Bob Krakoff, Chairman of Advanstar Communications, said, "We look forward to working with Glenn and John to help them expand their strong market franchise by adding the resources of Advanstar's pharmaceutical magazine group and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to broaden the reach of their already successful conferences." Advanstar Communications is a privately held corporation Noun 1. privately held corporation - a corporation owned by a few people; shares have no public market close corporation, closed corporation, private corporation majority owned by DLJ Merchant Banking Partners DLJ Merchant Banking Partners (DLJMB) is a LBO-focused private equity firm of Credit Suisse. DLJMB has offices in New York, London and Los Angeles. External links
About Advanstar Communications Advanstar Communications Inc. (www.advanstar.com) is a worldwide business information company serving specialized markets with high quality information resources and integrated marketing solutions. Advanstar has 115 business magazines and directories, 78 tradeshows and conferences, numerous Web sites, and a wide range of print and electronic direct marketing, database and reference products and services. Advanstar serves targeted market sectors in the art, automotive, beauty, e-learning, call center, digital media, entertainment/marketing, healthcare, fashion & apparel, manufacturing and processing, pharmaceuticals, powersports, science, telecommunications and travel/hospitality industries. The Company has more than 1,400 employees and currently operates from multiple offices in North America, Latin America, Europe and Asia. Advanstar Pharmaceutical and Science Group Advanstar Pharmaceutical and Science Group, (www.pharmaportal.com) a division of Advanstar Communications, Inc., publishes eight leading business-to-business publications, including PharmaGenomics, LCGC LCGC London Community Gospel Choir (UK) , Spectroscopy, Applied Clinical Trials, BioPharm International, Pharmaceutical Technology, Pharmaceutical Executive and Pharmaceutical Representative, covering the entire pharmaceutical/biotech industry value chain from discovery through distribution and marketing. |
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