MANHASSET, N.Y. United Business Media LLC, the parent company of EE Times has acquired the DesignCon exhibition from Professional Education International for $1.4 million in cash.
Founded in 1996, DesignCon is an annual Silicon Valley-based exhibition and conference that attracts more than 120
exhibitors and 3,300 professionals from the global electronic design and semiconductor industries.
The event's primary focus is on the software and tools used by electronic designers and engineers in the manufacture of semiconductors.
The exhibition is complemented by a co-located conference which provides seminars, panels and keynote addresses. The event also
provides year-round products and services, such as the InfoVault technical library, primarily through the event's Web site.
In 2009, DesignCon generated revenues of $1 million.
"This acquisition will contribute to EE Times Group's future growth and strengthen our position as the
premier independent media, services and information supplier right across the global electronics industry," Paul Miller, CEO of EE Times Group, said in a statement. The group publishes EE Times, TechOnline, DesignLines and Embedded.com.
Miller said DesignCon will complement the group's existing events, notably to the Embedded Systems Conferences.