WebMediaBrands' Mediabistro Announces Acquisition of SemanticOverflow.com
New York, NY - March 21, 2011 - Mediabistro.com (a division of WebMediaBrands Inc., Nasdaq: WEBM) today announced that it has acquired the assets of the website SemanticOverflow.com from Andrew Matthews of Melbourne, Australia, the site's founder. Terms of the deal were not disclosed.
"SemanticOverflow.com is a unique property which allows people to help one another with questions about Semantic Web technologies and techniques. The site is a blend of a Q&A forum and a recommendation site. Users can ask, tag, and answer questions. As a community-moderated site, it also allows participants with a sufficient reputation score to vote on and even edit both the questions and community-submitted answers," stated Alan M. Meckler, Chairman and CEO of WebMediaBrands, Inc. "SemanticOverflow will be added as a feature on our blog SemanticWeb.com and will further advance SemanticWeb.com as the number one media resource in the world for the coverage of Semantic Web and Linked Data news and information. SemanticWeb.com is growing in lock step with our Semantic Technology trade shows including shows annually in San Francisco, Washington DC, London, England, and soon to be announced shows in Berlin, Germany, and a soon to be announced Asian location."
About WebMediaBrands Inc.
WebMediaBrands Inc. (Nasdaq: WEBM) (http://www.webmediabrands.com), headquartered in New York, NY, is a leading Internet media company that provides content, education, and career services to media and creative professionals through a portfolio of vertical online properties, communities, and trade shows. The Company's online business includes: (i) mediabistro.com, a leading blog network providing content, education, community, and career resources (including the industry's leading online job board) about major media industry verticals including new media, social media, Facebook, TV news, sports news, advertising, public relations, publishing, design, mobile, and the Semantic Web; and (ii) AllCreativeWorld.com, a leading network of online properties providing content, education, community, career, and other resources for creative and design professionals. The Company's online business also includes community, membership and e-commerce offerings including a freelance listing service, a marketplace for designing and purchasing logos and premium membership services. The Company's trade show and educational offerings include conferences, online and in-person courses, and video subscription libraries on topics covered by the Company's online business.
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