Digital media publisher Ziff Davis has acquired Toolbox.com, a social networking and knowledge exchange website for IT, HR and Finance professionals that has been around since the late nineties and was previously owned by a company called the Corporate Executive Board. Terms were not disclosed.
For Ziff Davis, which was acquired and ‘relaunched’ as a digital-only media publishing company by former Time Inc. exec Vivek Shah in partnership with PE firm Great Hill Partners back in June 2010, this is the fourth acquisition in the past twelve months.
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Toolbox.com says it connects over three million IT experts and executives from across the globe on a monthly basis, having attracted 2.3 million registered members since its founding in 1998.
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