Jupitermedia today sold its JupiterResearch division for $10.1 million in cash and the assumption of certain liabilities by the purchaser, JupiterKagan, subject to post-closing adjustments, Jupitermedia said in a statement. In August 2005, Jupitermedia (which has been focusing on its images business) said it would sell its online news sites, including ClickZ and SearchEngineWatch, and search engine tradeshows - for $43 million in cash.

In a message to Jupiter clients, David Schatsky, president of JupiterKagan, wrote: "There will be no immediate changes to Jupiter's products or services. Jupiter's entire team remains intact following this merger. You may continue to rely on our analyst, client services and account management teams to deliver you valuable data, first- rate analysis and high-quality support as you confront the changes the Internet and emerging consumer technologies are bringing to your business."

JupiterKagan is a portfolio company of MCG Capital Corporation. JupiterResearch is a leading provider of research, analysis and advice that companies use to gain insight into the impact of the internet and emerging consumer technologies on their businesses.MCG Capital provides capital to small- to midsize companies to support growth and value creation strategies.

For the transaction, the Jordan, Edmiston Group, Inc. (JEGI) acted as financial advisor to Jupitermedia, and Willkie Farr & Gallagher LLP provided legal representation to Jupitermedia, which is a global provider of original information, images, research and events for information technology, business and creative professionals.

Previous coverage:

- Direct Marketing M&As Up 66 Percent
- Jupitermedia Sells ClickZ, Search Engine Watch
- Jupiter to Become 3rd Biggest Photo Firm with New Acquisition