Future plc, the global platform for specialist media, today announces the acquisition of Dennis which includes trusted leading Wealth, Knowledge, and B2B Pro Technology specialist brands.
The move accelerates the realization of Future’s growth strategy in the Wealth and knowledge verticals and B2B lead generation, extends its reach in the US, and also adds a significant subscription conversion engine to strengthen platform capability.
The deal sees respected print and online brands including Kiplinger, MoneyWeek, The Week & IT Pro join the organization, which has already this year acquired GoCo Group and added MarieClaire.com.
Zillah Byng-Thorne, CEO of Future, said:
“I am delighted to announce the acquisition of Dennis, a high-quality portfolio of trusted brands that will accelerate our strategy, enhance our content capabilities and bring additional geographical and vertical revenue diversification, whilst materially increasing the proportion of recurring revenues across the Group.
“The materially earnings enhancing acquisition is highly complementary to our longstanding ‘US first’ mindset and provides an attractive opportunity to scale our recently created ‘Wealth’ vertical, whilst diversifying our presence in our ‘Knowledge’ and ‘B2B Pro Technology’ verticals.
“I look forward to welcoming our new colleagues to Future, and to continuing the successful execution of our strategy to generate long-term sustainable growth and attractive returns for our shareholders.”
Future recently released a trading update stating that its year-end performance was expected to be materially ahead of the market’s expectations.
Over the last five years, it has acquired assets worth £1.1bn and increased its underlying business by more than £2bn.
The brands being acquired are:
- The Week / The Week US
- The Week Junior / The Week Junior US
- Money Week
- Science & Nature
- IT Pro
- Computer Active
- PC Pro
- Minecraft World
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Zillah Byng-Thorne, Chief Executive Officer +44 (0)1225 442244
Faye Galvin, Head of Communications +44 (0)7894 347243
Connectors. Creators. Experience Makers.
Future is a global multi-platform media company and leading digital publisher, with scalable brands and diversified revenue streams. Every month, it connects over 400 million people worldwide with their passions, through expert content, world-class events, and cutting-edge proprietary technology. Every year Future attracts millions of consumers to its brands’ websites, magazines, events, and social spaces. Its factual production company Barcroft Studios specializes in producing amazing content, enjoyed and shared by millions of people worldwide.
Its market-leading portfolio of over 240 brands spans technology, games, TV and entertainment, women’s lifestyle, real life, music, creative and photography, sports, home interest, and B2B sectors. Brands include TechRadar, GamesRadar+, Country Life, woman&home, Marie Claire US, CinemaBlend, Classic Rock, Guitar Player, FourFourTwo, TV Times, Homebuilding & Renovating, Decanter, Digital Camera, Guitarist, How It Works, Total Film, What Hi-Fi? and Music Week.
Dennis is a leading consumer media subscriptions business based in London, New York, and Washington DC. Operating across the Current Affairs and Personal Finance verticals in the UK and US, the portfolio is centered on The Week, The Week Junior, MoneyWeek, and Kiplinger brands.
Exponent recently separated Autovia, a market-leading automotive content and eCommerce platform, from Dennis. Following the sale of Dennis to Future, Autovia will remain as an Exponent backed company.
Dennis is led by its CEO, James Tye, who will remain with Dennis following completion and as part of the Future Group.