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Gartner, Inc. (NYSE: IT), the world’s leading information technology research and advisory company, today announced it has completed the sale of its Vision Events portfolio to CMP, a media and marketing solutions company serving the technology industry and a subsidiary of United Business Media (UBM.L).
Beginning in first quarter 2008, Gartner expects to account for Vision Events as a discontinued operation. In 2007, the business generated revenue of approximately $21 million, Normalized EBITDA of approximately $4 million and earnings per share of approximately $0.02. Excluding Vision Events, Gartner’s global events business delivered 62 events and generated revenues of $160 million in 2007.
The Jordan, Edmiston Group, Inc. (www.jegi.com) of New York, the leading provider of independent investment banking services for the media and information industries, represented Gartner in this transaction and acted as its exclusive financial advisor.
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