UBM Studios buys Astound for $3.1 million

Chicago—UBM Studios announced Wednesday it has acquired Astound, the creator of Milicruit and Unicruit virtual career fairs for military personnel and college students, in a deal potentially valued at $3.1 million.

UBM said that Astound will add a number of Fortune 500 companies to its client list, including 3M Co., Accenture, FedEx Corp., General Electric Co. and Raytheon Co.

Kevin O'Brien, who had been Astound's managing partner, will become VP-business development and sales for UBM Studios.

Originally posted on: 9/1/10

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