| In a move that boosts the profile of two technology trade associations, the
Washington, D.C.-based Software & Information Industry Association is acquiring the New York New Media Association, atNewYork.com has learned.
dc.internet.com/news/archives.php/200204::
SIIA Promotes Kupferschmid - 04/30/2002. Music SIIA to Acquire NYNMA - 04/17/2002 WorldTeq Plans to Acquire Selected Assets of St. Andrews - 04/10/2002
http://dc.internet.com/news/archives.php/200204HOME |
SIIA representatives couldn't comment on the acquisition; however, other sources familiar with both organizations have confirmed.
The plan, sources said, is for the two associations to merge their internal
operations and streamline some overlapping divisions; NYNMA would keep its
name and board structure.
Alice O'Rourke, the executive director of NYNMA, declined to comment
directly. "We have a great relationship with SIIA," she said. The two
associations have worked on programs and events together, "which you may
just see more of in time."
Ken Wasch, the president of SIIA, was as coy and effusive about NYNMA as O'Rourke was about SIIA.
"We're talking. My signature is not on any piece of paper yet," though he said an announcement could be expected next week.
"We at SIIA believe that there would be enormous benefits to both groups of members if we were to do more activities in partnership with one another," he said.
"We continue to talk about our respective event calendars and I can tell you SIIA has already planned four major events in New York for this fall," Wasch told atNewYork.com InternetNews Realtime IT News - SIIA to Acquire NYNMA::
UPDATE: Sources confirm that Washington D.C.-based SIIA is to acquire the New York New Media Association, giving both trade associations a bigger profile.
http://www.internetnews.com/bus-news/article.php/1011031HOME |
SIIA Makes it Official on NYNMA Purchase::
SIIA also takes reported last month, the acquisition is expected to broaden NYNMA is to be maintained as its own non-profit corporate entity within
http://dc.internet.com/news/print.php/1107971HOME |
He said the planned events are a Web services conference in October, a financial data event organized by SIIA's financial information services division, as well as involvement in NYNMA's CyberSuds and VentureDowntown conferences. In addition, SIIA has on tap its annual information industry summit in January and an educational technology forum in February. "These events will be good for the broad industry and great for New York."
Globeinvestor.com: Leading Technology Companies to Exhibit at ::
they will spend more to acquire technology, says Ken Wasch, president of SIIA. NYNMA, a New York State non-profit association and division of SIIA, brings
http://www.globeinvestor.com/servlet/ArticleNews/print/PRN003_10_03_12_5051_1014586HOME |
SIIA was formed by the merger of two software-focused associations. It
counts as corporate members the McGraw-Hill Corp., owner of credit rating
agency Standard & Poor's and Business Week magazine; publishing and database
powerhouse the Thomson Corporation and Dow Jones, publisher of The Wall
Street Journal. In addition, major tech companies such as Oracle and Sun are
affiliated with the association.
By merging with NYNMA, the association gains a significant entry to the
technology market in the New York region, as well as access to the extensive
range of corporate and technology experience among the ranks of NYNMA
membership.
NYNMA, on the other hand, gets a stronger presence near the nation's policy
makers. It also gets to take advantage of SIIA's back office management
systems and internal management structure. For example, it is expected to
use SIIA's newsletter operations to improve its own newsletter outreach to
various special interest groups that focus on law, policy, and other
emerging digital media issues. NYNMA's estimated 6,000 members include about
3,200 corporate members, O'Rourke said. SIIA's corporate numbers were not
clear, but are estimated to be between 1,200 and 2,000.
By merging the two associations, SIIA gains a significant expansion of its
mission and sponsorship base in the New York market. At the same time, the
deal would provide NYNMA with a stronger financial footing based on a cost
structure built around corporate memberships rather than individual
memberships.
Whether SIIA would assume all of NYNMA's financial liabilities was not
clear, though O'Rourke did say NYNMA had met its most recent budget
predictions.
"The sweet spot of SIIA is where software code and digital content meet, which is very close to the sweet spot of NYNMA, which is the convergence of many industries to form a digital media industry," added Wasch.
At the height of the technology bubble in late 1999, membership of NYNMA
ballooned to over 8,000, many of which were part of small start-up
companies. When the tech bubble burst, the association struggled to scale
back costs as membership dropped and corporate sponsors cut back on
spending. But membership, and sponsors, have begun to return to NYNMA,
O'Rourke said.
 Motorola Posts $449M Q1 Loss; Shuts Chicago Unit
 Stocks Surge On Earnings Reports |
SIIA to Acquire NYNMA