TechTarget Scores Big Win
TechTarget goes public tomorrow at about $13 per share. Several years ago I wrote a negative piece about Polaris making a large investment in TechTarget. Wall Street loves TechTarget and I was wrong. Of course now the hardwork begins for the TechTarget management. Make the numbers!
I hope TechTarget performs very well as it will help Jupitermedia. Our Online Media Division has numbers that stack up very well when compared to TechTarget. In fact we have significantly more unique visitors (15 million while TT has 4 million). Our EBIDTA for 2006 was $12 million compared to TT's $20 million (our sales were $31 million compared to TT's $80 million).
TechTarget will be valued at about $550 million tomorrow. May it grow and grow.
Jupitermedia CEO Alan Meckler
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