CAHNERS TO ACQUIRE CMD GROUP FOR $299.5 MILLION.Continuing its recent strategy of growth through acquisition, Cahners Business Information (New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ) has signed a definitive purchase agreement to acquire CMD CMD cerebromacular degeneration. Group (Atlanta, GA; formerly Construction Market Data Group) for $299.5 million. Founded in 1975, CMD Group provides project, product and cost data to the construction industry in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Scandanavia and Australia. In the U.S., CMD consits of five main units. Construction Market Data is the company's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. line. It produces more than 100 regional editions and national construction project information, sales leads and operates more than 70 local plan room/libraries in business centers. CMD also publishes ProFile, a directory of more than 20,000 architectural firms, in print and on the Internet. CMD's Architect's First Source (AFS A distributed file system for large, widely dispersed Unix and Windows networks from Transarc Corporation, now part of IBM. It is noted for its ease of administration and expandability and stems from Carnegie-Mellon's Andrew File System. AFS - Andrew File System ) unit publishes product directories First Source for Products, SPEC--DATA and MANU--SPEC in print and online. The company's R.S. Means division offers construction-cost data, training and consulting services in print CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). and online. Associated Construction Publications The Associated Construction Publications are 14 trade publications and a combined web site owned by Reed Business Information that serve the information needs of contractors, materials producers, equipment users and allies to the field of construction. (ACP (Associate Computing Professional) The award for successful completion of an examination in computers offered by the ICCP. It is geared to newcomers in the computing field. For more information, visit www.iccp.org. ACP - Algebra of Communicating Processes ) publishes 14 regional magazines covering the U.S. highway and heavy construction industry, and three regional heavy equipment trader magazines, including such titles as California Builder & Engineer, Construction, Dixie Contractor, New England Construction and Pacific Builder & Engineer. Finally, CMD's Manufacturers' Survey Associates unit produces surveys, plans and specifications for construction projects. CMD had $126 million in revenues in 1999. Cahners said the deal "gives us a tremendous boost as an Internet company. Cahners plans to repurpose many of the CMD Group products into a portal Web site that will be the definitive content site for the construction industry. It will provide database management, e-commerce services, editorial content and advertising." CMD and Cahners are already partnered in the production of Buildingteam.com, a building and construction industry site that is a part of Cahners' Building & Construction Group. That unit includes such titles as Professional Builder, Contractor and Building Design & Construction, among others, as well as the recently launched HousingZone.com, a portal site for the residential construction industry. Recent Cahners acquisitions include LA411, MarketCast, MicroDesign Resources, Publisher's Video Group, the Ashley Group, an equity stake in PartMiner, and Plants, Sites & Parks, Casual Living and rpm magazines. |
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