The sell-off of Reed Business Information’s (RBI) media stable and in particular its electronics portfolio is almost complete with a management buyout of market research arm, In-Stat with financial backing from consumer and retail information firm, NPD Group. Financial details were not disclosed.
"We, and the industry, have long recognized In-Stat as a provider of high quality information and insight," noted Tod Johnson, Chairman and CEO of The NPD Group. "Our new relationship with In-Stat will allow us to work together to offer broader and deeper knowledge to business decision makers in the Wireless and Entertainment industries as the marketplace changes and grows at an unprecedented pace."
RBI recently sold its electronic media portfolio, except Semiconductor International to Canon Communications LLC. Titles included Electronic Design News (EDN), Design News, Test & Measurement World, and Packaging Digest.