Global specialist media platform, Future plc today announces the proposed acquisition of the consumer division of Purch, the next generation digital publishing and marketplace platform, operating in the consumer technology and science verticals.
The acquisition will give Future the number one position in consumer tech publishing in the US. Purch has successfully grown its digitally-led business through titles such as Tom’s Guide, Tom’s Hardware and Top Ten Reviews. Bringing Purch’s brands and digital platforms into the Future business will further cement Future’s position as a growing, global platform for specialist media.
Combining Future’s track record of growth, with Purch’s US market presence, will give a market-leading US position and more diversified revenue sources for Future going forwards. Purch’s cutting edge technology will also help deliver on Future’s mission to be a tech and data-driven global platform.
Acquisition highlights & rationale
Zillah Byng-Thorne, CEO of Future, commented:
“Future’s mission to be a technology-enabled global platform for specialist media takes another big step forward today with this announcement. I’ve been impressed by the strength of Purch’s technology platforms and the expertise of its people. Together we can build a combined organisation that has scale and growth opportunities ahead.
The two businesses share similar cultures - we both share our audiences’ passion, we’re data-driven, ambitious and both have an innovative mindset. From day one Future will be number one in the US consumer technology sector, and beyond this we see clear opportunities for combined growth.
We have developed a strong track record in acquiring and integrating complementary businesses and this deal further accelerates our strategy for delivering growth both organically and through acquisition.”
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Notes to editors
Future plc is an international media group and leading digital publisher, listed on the London Stock Exchange (symbol: FUTR). The Group operates two separately managed brand-led divisions: Media and Magazine. The Group has a reach of 100m+ globally, including 62m online users and 63m social media reach.
The Magazine division is brand-led. It has over 100 market-leading publications, with 10 key titles. The Media division focuses on being at the forefront of digital innovation, in particular, the high growth technology and games markets, with three complementary revenue streams: eCommerce, events and digital advertising. It has a number of leading brands including TechRadar, PC Gamer, What Hi-Fi?, Louder, The Photography Show, Generate, The Homebuilding and Renovating Show and the Music Week Awards.
Purch is a digital publishing and marketplace platform uniquely positioned at the intersection of content, commerce and customer. By combining in-depth product reviews, comparisons and services with industry-leading publisher technology, Purch creates a seamless connection between intent-based buyers and sellers. The company generates more than $1 billion annually in facilitated commerce through its tech, shopping, lifestyle and SMB brands, including Tom’s Guide, Tom’s Hardware, Top Ten Reviews, ShopSavvy and Business.com. With more than 1,200 product categories, Purch is the #1 source for buying advice for more than 100 million people each month.
To learn more about Purch and its owned-and-operated sites, please visit www.purch.com .