UBM Channel's CRN & XChange Events become part of an independent company under name The Channel CompanySep 17, 2013 FRAMINGHAM, Mass., Sept. 17, 2013 /PRNewswire/ -- UBM Channel announced today that it has been sold to an executive management team led investment group that has renamed the business The Channel Company. (Photo: http://photos.prnewswire.com/prnh/20130917/NY80940LOGO ) Headquartered in Framingham, MA, The Channel Company will own and operate all of the businesses and related products formerly owned by UBM Tech Channel in North America including: the CRN media properties; XChange, Best of Breed and MES event portfolio; SharedVue through partner marketing software platform and services; the channel sales services business; the IPED research, consulting and education business; and the renowned ChannelBase solution provider database. "All the employees, brands, products and services that vendors and solution providers have relied on to help them reach their goals will continue on with The Channel Company and will be an integral part of our growth plan to bring more products and services to the channel ecosystem," said Robert Faletra, CEO of The Channel Company and former CEO of UBM Tech Channel. The entire business will continue on in its current form under different ownership; vendor customers and solution providers should see no interruption in service. "We have a strong business and we have been working with UBM during the process to make sure this transition is smooth and seamless for not only our customers but for our employees and ourselves," said Faletra. "Our objective always has been and will continue to be the premier provider for enabling technology partnerships," said Faletra. "Moving forward, we fully intend to bring new innovative products to market that allow suppliers to build bigger stronger channels, as well as help solution providers find new customers and build a larger revenue stream." UBM remains a minority investor in the business. Terms of the deal have not been disclosed. For more information, please visit the About Us page of the corporate website. About The Channel Company Press Contact: SOURCE UBM Channel |