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Arizent

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Arizent
Parent companyObserver Capital
Country of originUnited States
Headquarters locationNew York City
Publication typesMagazines, newspapers, websites
Revenue$254.6 million
No. of employees400
Official websitewww.sourcemedia.com

Arizent, formerly known as SourceMedia, is a diversified business-to-business digital media company owned by Observer Capital, which acquired the company from Investcorp in August 2014.[1] Formerly the Thomson Media division of The Thomson Corporation, SourceMedia was spun off and sold by Thomson to Investcorp in 2004 for $350 million.[2]

Headquarters

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Based in New York City, SourceMedia has offices in the Washington suburb of Arlington, Virginia and Atlanta.

In 2009, Investcorp split the company into two, creating Accuity as a semi-autonomous unit within SourceMedia. Accuity was the Registrar[3] of Routing Numbers for the American Bankers Association, responsible for the assignment of routing numbers for banks in the United States, and was a leading worldwide provider of payment routing data, software and services. In 2011, Accuity was sold to Reed Elsevier for $530 million.[2]

In February 2012, SourceMedia announced the adoption of a new company logo. The company's "new trademark icon depicts an array of screen-shaped pixels assembled in the shape of a three-dimensional hub."[4]

In September 2012, it was reported that Investcorp would be selling the remainder of SourceMedia. In 2014, SourceMedia was sold to Observer Capital.[5] This is the first major acquisition for Observer Capital, which was founded in 2013 by Joseph Meyer.

Key brands

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The company's key brands include American Banker, The Bond Buyer, Mergers & Acquisitions, Financial Planning, On Wall Street, Accounting Today, National Mortgage News, Digital Insurance, Health Data Management, and Employee Benefit News.

American Banker is a leading website and newspaper of record for the banking industry; The Bond Buyer, a website and daily newspaper focused exclusively on the municipal bond industry; as well as National Mortgage News, a website and weekly covering the U.S. mortgage industry; and Mergers & Acquisitions, a monthly magazine providing news, commentary and analysis about corporate mergers and acquisitions.[6]

Key executives

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  • Jeff Mancini, CEO[7]
  • Sean Kron, CFO[8]
  • Fell Gray, CMO[9]
  • David Evans, chief content officer[10]
  • Jeff Mancini, chief strategy officer[11]
  • Christian Ward, chief data officer[11]

References

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  1. ^ "SourceMedia Announces Acquisition by Observer Capital". PRWeb. Retrieved 2014-08-07.
  2. ^ a b "Investcorp Puts SourceMedia Up for Sale". PE Hub. Retrieved 2012-09-27.
  3. ^ Accuity is the Official Registrar of ABA Routing Numbers
  4. ^ "SourceMedia Introduces New Logo" (PDF). SourceMedia. Retrieved 2 February 2012.
  5. ^ "Publisher of American Banker Is Sold to an Investment Firm". DealBook. Retrieved 2014-09-09.
  6. ^ "About Us". American Banker. Retrieved 2024-07-19.
  7. ^ "Jeff Mancini assumes Chief Executive Officer role at Arizent". Arizent. 2023-11-15. Retrieved 2024-07-19.
  8. ^ SourceMedia Appoints Sean Kron as CFO
  9. ^ "Fell Gray is named as Chief Marketing Officer at Arizent". Arizent. 2024-02-01. Retrieved 2024-07-19.
  10. ^ Radical Reorganization at Source Media
  11. ^ a b SourceMedia Names Jeff Mancini as Chief Strategy Officer and Christian Ward as Chief Data Officer