UBM Tech Channel sold to management-led investment group
Framingham, Mass.—UBM Tech Channel has been sold to an executive management investment group led by Robert Faletra, formerly the CEO of the unit. Financial terms of the deal were not disclosed.
The unit has been renamed the Channel Company.
In an interview, Faletra said the executive management team includes himself as CEO; Dan Dignam, exec VP; Lisa Mackenzie, senior VP; and Rob Wiseltier, CFO. Former parent company UBM retains a minority share of the company, he said.
The Channel Company, which employs about 150 people, now owns all of the businesses and related products formerly owned by UBM Tech Channel in North America, including the CRN media properties, XChange and Best of Breed events, and ChannelBase solution provider database, among others.