On 4th January, FCBI announced that it has sold TU-Automotive to Penton, an innovative information services company, in a move that strengthens both Penton and TU-Automotive’s position as the market leading provider of events and digital information for the fast growing automotive technology and Internet of Things (IoT) segments.
Founded in 2002, TU-Automotive provides events, networking, content and analysis on the future of automotive technology, focusing on the connected car, mobility and autonomous driving. TU-Automotive’s event portfolio contains 13 conference and exhibitions across the globe, including the world’s largest connected car event TU-Automotive Detroit, plus regional flagship events TU-Automotive Europe and TU-Automotive Japan. It also provides digital content, analysis, education and business intelligence through its communications hub, www.tu-auto.com.TU-Automotive will become a part of the Penton Ground Transportation group, led by Vice President, Sue Boehlke. The group currently includes WardsAuto, FleetSeek, FleetOwner, Trailer Body Builders and American Trucker.
Penton’s Boehlke said, “TU-Automotive offers the most respected, high-profile platforms to expand Penton Ground Transportation’s reach beyond the United States into Europe, South America and Asia, with a core hub of operations in London. We look forward to TU-Automotive becoming part of the Penton family.”
The acquisition also strengthens Penton’s planned launches around IoT in 2016 across Penton. “IoT and connected devices are a major theme across Penton, impacting many of our industry sectors including ground transportation, aviation, agriculture, technology and electronics. Companies and factories that are connected are more productive and the implications for innovation through IoT are tremendous,” said David Kieselstein, Penton’s CEO. “In 2016 we are launching a major IoT initiative to help companies break down the complexity. From sensors and platforms to data and security issues, we’ll cover best practices to help businesses grappling with policy, strategy and implementation in the application of this new wave of technology.”
FCBI Founder and Chairman Guy Grant said: “It has been enormously exciting building TU-Automotive into the most influential Hub for the Connected Vehicle. TU-Automotive now stands in a pre-eminent place at a pivotal moment of the auto industry’s development. Penton is already a leader in the automotive space whose impressive resources can accelerate and expand the business to achieve its real potential. “
FCBI was co-advised by JEGI (www.jegi.com), the leading independent investment bank for the global media, information, marketing, software and tech-enabled services sectors, headquartered in New York, NY, and Clarity (www.claritycp.com), a leading independent investment bank serving the media and technology industries, headquartered in London.
FCBI MEDIA CONTACT:
FC Business Intelligence
+44 (0)20 7375 7153
Nov. 7, 2013
LONDON / SAN FRANCISCO – FC Business Intelligence (FCBI), a London-based conference and business intelligence company, has acquired Open Mobile Media, organizer of The Open Mobile Summit (OMS) in San Francisco and London, two of the most influential events in the international mobile industry calendar.
Launched in 2008, at the dawn of the mobile Internet era, The Open Mobile Summit has quickly become the meeting place for the converging wireless and Internet industries, attracting a broad range of big-name speakers, as well as a huge media attention.
While the Mobile World Congress in Barcelona is arguably the biggest mobile event in the world, The Open Mobile Summit, with its C-level attendance, inner-circle networking and broad focus on the future of converged mobile, Internet, media and commerce, is recognized by many as the most influential.
Speakers at The Open Mobile Summit have included Stephen Elop, CEO, Nokia; Dan Hesse, CEO, Sprint; John Donahoe, CEO, eBay; Vint Cerf, Chief Internet Evangelist, Google; Rich Miner, co-founder, Android; and top execs from Samsung, HTC, Vodafone, Facebook, Amazon, Tesco and many more.
The acquisition of The Open Mobile Summit rounds out FCBI’s already sizeable portfolio of industry-specific brands, which include Telematics Update, M for Mobile, eyeforpharma, CSP Today, Wind Energy Update, Ethical Corporation and EyeforTravel. It also paves the way for future growth of FCBI in mobile.
“We’re excited about the acquisition of Open Mobile Media,” says Guy Grant, FCBI’s founder. “It will provide a lynchpin for the growth of our existing assets in location-based services, mobile payments, the mobile wallet, near field communication and our other niche mobile events.”
Adds The Open Mobile Summit founder Robin Batt, “I’m delighted that FCBI will be driving the next phase of growth – as every business on the planet joins the ‘open mobile’ revolution.”
This next phase of growth, backed up by FCBI’s research, project management and marketing resources, includes a new Open Mobile Summit event on the East Coast of the United States later next year, and plans to leverage FCBI’s strengths in Latin America and Asia to develop a range of regional events.
The regional events will either be conceived as broad, summit-style gatherings or focus on specific verticals, such as media and advertising, commerce and brands, enterprise and M2M, and apps and mobile tech.
Timeliness of the acquisition is underscored by the fact that a number of FCBI’s current areas of coverage, including automotive, pharma, health, travel, transport and gaming, are being disrupted by mobile, says Precksha Saksena-Sood, general manager of Open Mobile Media.
She expects The Open Mobile Summit to bring a new depth of insight to these and other areas under FCBI’s purview. “This acquisition is going to further augment our presence in mobile and will help us address our customers’ business needs,“ she says.
The Open Mobile Summit strives to address all the critical issues of the wireless and Internet convergence, for all the players in the ecosystem – from device manufacturers and carriers through to Internet and media giants, commerce and retailers, electronics and PC manufacturers, market innovators and app publishers. Each summit agenda is built in close dialogue with confirmed VIP speakers and finalized as near to the event as possible to ensure maximum timeliness. This year’s topics for San Francisco include mobile video, wearables, the role of mobile in retail, the future of device design, mobile enterprise, connected lifestyle, Big Data and real-time analytics, mobile advertising and the latest trends in app monetization.
Robin Batt, founder of Open Mobile Media Ltd and The Open Mobile Summit, is an entrepreneur specialising in understanding disrupted tech markets. She has 17 years of experience in the telecoms, Internet and media sectors, having held executive management roles for venture-funded start-ups before launching her own consulting firm Bold Business Ventures Ltd in 2001 through which she advises mobile operators, Internet giants, tech start-ups and media/publishing companies. She founded The Open Mobile Summit in 2008 and will continue supporting the business in an advisory capacity.