Wicks acquires Asset Alternatives Inc., publisher of The Private Equity Analyst.Wicks Business Information LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control continued its acquisition binge with the recent purchase of Asset Alternatives Inc., of Wellesley, Mass., publisher of The Private Equity Analyst newsletter, which provides information to venture capital and private equity professionals. Assets Alternatives founder and president Steven P. Galante will continue in his present role. The business will become a unit within the Financial Information Group of Wicks, under the direction of senior vice president Maile Hulihan. No terms of the purchase were disclosed. Asset Alternatives also produces four other newsletters--Latin American Private Equity Analyst, Venture Capital & Information Technology, Venture Capital & Health Care, and The Corporate Venturing Report--and a series of conferences, research reports, directories (including The Corporate Venturing Directory and Yearbook and Galante's Venture Capital and Private Equity Directory), as well as internet-based products (assetnews.com). The products cover corporate venture capital and information technology. "This is an outstanding group of market-leading information products serving an expanding market with an increasing demand for quality information," said Doug Manoni, Wicks president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Our partnership with Steven Galante and his talented management team will allow us to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the intensifying in·ten·si·fy v. in·ten·si·fied, in·ten·si·fy·ing, in·ten·si·fies v.tr. 1. To make intense or more intense: interest in this sector with related product enhancements and new product introductions," A little more than a month ago Wicks acquired the Washington, D.C.-based Georgetown Publishing House and Global Network, with its eight newsletters and other products, for a reported $20 million. This most recent acquisition expands Wicks' portfolio of properties serving financial and general management professionals, which includes the Briefings Publishing Group in Alexandria, Virginia Alexandria is an independent city in the Commonwealth of Virginia. As of the 2000 census, the city had a total population of 128,284. Located along the Western bank of the Potomac River, Alexandria is approximately 6 miles (9.6 kilometers) south of downtown Washington, DC. , as well as the Investment Advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and and Treasury & Risk Management magazine. Wicks, an affiliate of the New York-based private equity firm Wicks Group of Companies LLC, was recently named among the 40 fastest growing information companies by Folio (1) Text management software for the professional reference publishing market from Fast Search & Transfer, Oslo, Norway and Boston, MA (www.fastsearch.com). Known as FAST Folio since its acquisition in 2004 from NextPage, Inc. : magazine. |
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