Ziff Davis Completes Two Acquisitions in Q4 2021

Rhea-AI Summary

Ziff Davis, Inc. (NASDAQ: ZD) has successfully completed two acquisitions in Q4 2021, enhancing its global customer base and market access. The acquisitions include RootMetrics, an equity purchase, and Wireless LAN Professionals, an asset acquisition, both focused on connectivity in the USA. While specific financial terms were not disclosed, Ziff Davis indicated that the financial impact from these acquisitions is not expected to be material. These strategic moves aim to expand the company's product offerings and strengthen its position in the technology sector.

Positive

• Acquisition of RootMetrics enhances market access and customer base.
• Acquisition of Wireless LAN Professionals expands product lineup in connectivity.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Ziff Davis, Inc. (NASDAQ: ZD), announced today that it completed two acquisitions in the fourth quarter of 2021.

The acquisitions listed below grow Ziff Davis’ global customer base, provide access to new markets and expand the company’s product lineup. The acquisitions include:

RootMetrics (equity)						Connectivity (USA)
Wireless LAN Professionals (asset)						Connectivity (USA)

Terms of the individual acquisitions were not disclosed, and the financial impact to Ziff Davis is not expected to be material with respect to those acquisitions.

About Ziff Davis

Ziff Davis (NASDAQ: ZD) is a vertically focused digital media and internet company whose portfolio includes leading brands in technology, entertainment, shopping, health, cybersecurity, and martech. For more information, visit www.ziffdavis.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220106005063/en/

Rebecca Wright

Ziff Davis, Inc.

(800) 577-1790

investor@ziffdavis.com

Source: Ziff Davis, Inc.

FAQ

What acquisitions did Ziff Davis announce?

Ziff Davis announced the acquisitions of RootMetrics and Wireless LAN Professionals.

How will the acquisitions impact Ziff Davis?

The acquisitions aim to grow Ziff Davis’ global customer base and expand its product lineup.

What markets are targeted by the new acquisitions?

Both acquisitions focus on connectivity markets within the USA.

Are the financial terms of the acquisitions disclosed?

No, the financial terms of the acquisitions were not disclosed.

Is the financial impact of the acquisitions expected to be significant?

No, Ziff Davis does not expect the financial impact to be material.