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MEDIA (TRADITIONAL) | Publishing
mcpmag.com

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Founded Year

1998

Stage

Acquired | Acquired

Total Raised

$43M

About 101communications

101communications is an integrated business-to-business media company with a focus on specialized and well-defined niches within the information technology community.

101communications Headquarter Location

Chatsworth, California, 91311,

United States

Latest 101communications News

101communications Closes New $25 Million Debt Financing

Jul 31, 2018

March 28, 2005 03:49 PM Eastern Standard Time CHATSWORTH, Calif.--( BUSINESS WIRE )--March 28, 2005--101communications, a leading B2B multimedia technology publisher, today announced it has secured $25 million in senior financing from Merrill Lynch Capital, a division of Merrill Lynch Business Financial Services Inc. The proceeds from the financing will provide 101 with the capital necessary to fuel organic product development and fund prospective acquisitions. "The new financing has further solidified our balance sheet and will allow 101 to aggressively pursue a number of attractive growth initiatives," said Stuart K. Coppens, 101's Executive Vice President and CFO. Founded in 1998, 101communications is an integrated media company aimed at specialized targets within the information technology community, including software development teams, networking and communications experts, and senior information executives. 101's properties span a range of diverse formats, including trade magazines and journals, e-newsletters, conferences and seminars, training courseware and associated web-based services. Reaching more than 1.5 million IT professionals around the world, 101's current portfolio includes 9 magazines, 40 conferences and events, and extensive digital offerings. "We're very pleased to have closed this new credit facility with a top caliber financial institution like Merrill Lynch," said Jeffrey S. Klein, 101's president and CEO. "It will allow us to renew our acquisition activities and help finance new product launches under development." 101 is a CEO1st initiative formed in 1998 by Frontenac Company, a Chicago-based private equity firm, in partnership with current management. Frontenac continues to be the majority shareholder of the company. About 101 101 serves a number of Information Technology communities. It publishes Federal Computer Week, Redmond, Campus Technology, Recharger and Application Development Trends magazines. 101's properties also include more than 50 different electronic products serving niches within the Information Technology marketplace and trade shows, conferences and seminars on such technology subjects as data warehousing, business intelligence, networking, RFID, enterprise architecture and printer cartridge remanufacturing. For more information on 101communications, go to www.101com.com . About Frontenac Company Frontenac Company ( www.frontenac.com ) is a Chicago-based private equity investment firm that focuses on middle-market transactions. Through its CEO1st(tm) Investing approach, Frontenac partners with proven industry executives to acquire businesses that are typically owner- or family-operated, providing both the capital and the executive talent to deliver enhanced growth, profitability and value. Founded in 1971, Frontenac has more than $1 billion under management and has completed more than 200 investments including a broad range of mid-sized companies in the services and manufacturing sectors. The firm is owned and led by its 10 principals. Contacts

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