Strategic Research Institute (SRI), a privately held conference and seminar producer headquartered in New York City, has been acquired by ALM, a media company serving legal and business professionals.
The transaction was brokered by JEGI a New York investment bank specialized in the media and technology industries.
Founded in 1993, SRI produces more than 130 conferences annually, targeted primarily at C-level executives and professionals in the following sectors: finance; life sciences; natural resource development; multi-cultural marketing (including more than 6 Hispanic marketing conferences); technology; and general business.
SRI has produced almost 1,600 business-to-business events since its inception. To date, more than 150,000 executives have participated in its conferences as delegates, sponsors, speakers and exhibitors.
SRI will continue to operate from its current locations in New York City and Los Angeles, under the direction of co-founder Stuart M. Williams. The company will join ALM's related conference businesses, including ALM Events for legal professionals and managers, Insight Information business conferences in Canada and the RealShare conference series produced by ALM's Real Estate Media Division.
“This acquisition reflects the ongoing evolution of our company as a diversified business-to-business media platform, while extending our ability to assist lawyers and law firms in reaching current and potential clients across a broad range of industries,” said William Pollak, President & CEO, ALM. “SRI has built a reputation as a premier provider of timely business education in sectors that mirror and complement our existing audiences and sponsor base. We are pleased to welcome SRI to ALM's expanding family of business and professional conferences, and we look forward to benefiting from Stuart's deep experience and expertise in this area.
“This is a wonderful opportunity to integrate and leverage the assets of ALM's event-related businesses with those developed by SRI. The addition of SRI will allow ALM to expand product offerings to its clients, while providing a platform for the domestic and international growth of these businesses,” said Williams.