GenomeWeb–Crain Communications: investment, 201909 acquisition of GenomeWeb LLC by Crain Communications Inc

	Period	2019-09-01
	Money taker	GenomeWeb LLC
	Group	Crain Communications (Group)
	Money source	Crain Communications Inc.
	Group	Crain Communications (Group)
	Product	GenomeWeb.com
	Product 2	publishing

Crain Communications Inc.. (9/6/19). "Press Release: Crain Communications Inc Acquires Online News Organization GenomeWeb". Detroit, MI.

Crain Communications Inc has acquired GenomeWeb, an online news organization serving the global community of scientists, technology professionals and executives who use and develop the latest advanced tools in molecular biology research and molecular diagnostics.

GenomeWeb's editorial mission is to cover the scientific and economic ecosystem spurred by the advent of high-throughput genome sequencing. The brand operates the largest online newsroom focused on advanced molecular research tools in order to provide readers with exclusive news and in-depth analysis of this rapidly evolving market.

"We are excited to add GenomeWeb to our family of brands," said KC Crain, president and chief operating officer of Crain Communications. "GenomeWeb's history and expertise in journalism, and their commitment to top-level reporting, makes it an attractive business and a perfect complement to our family of business-to-business brands."

GenomeWeb was launched in 1997 and currently has a staff of 30 employees located in New York. GenomeWeb's leadership team includes Bernadette Toner, chief executive officer, and Greg Anderson, chief operating officer.

"GenomeWeb is proud to be joining a company that has supported high-quality, independent business journalism for more than a century," Toner said. "We look forward to working with the Crain Communications team to serve our growing readership in the life science and healthcare markets."

The official acquisition date was September 1, 2019.

GenomeWeb will join Crain's portfolio of brands, which includes: Ad Age, Creativity, Automotive News, Automotive News Canada, Automotive News China, Automotive News Europe, Automotive News Mexico, Automobilwoche, Autoweek, Crain's Chicago Business, Crain's Cleveland Business, Crain's New York Business, Crain's Detroit Business, Modern Healthcare, Staffing Industry Analysts, Pensions & Investments, Plastics News, Plastics News Europe, Plastics News China, Rubber & Plastics News, European Rubber Journal, Tire Business, Urethanes Technology International, and Plastics & Rubber World.

About GenomeWeb

GenomeWeb is an independent online news organization based in New York. Since 1997, GenomeWeb has served the global community of scientists, technology professionals, and executives who use and develop the latest advanced tools in molecular biology research and molecular diagnostics.

GenomeWeb's editorial mission is to cover the scientific and economic ecosystem spurred by the advent of high-throughput genome sequencing. It operates the largest online newsroom focused on advanced molecular research tools in order to provide readers with exclusive news and in-depth analysis of this rapidly evolving market.

GenomeWeb users can be found in major scientific organizations around the world, including biopharmaceutical companies, research universities, biomedical institutes, clinical labs, and government laboratories. Advertisers include leading suppliers of research tools, analytical instruments, information technology and molecular diagnostics.

To learn more about GenomeWeb, visit genomeweb.com.

About Crain Communications

Crain Communications is a privately held media company that produces trusted and relevant news publications, lead generation, research and data products, digital platforms, custom publishing, and events with uncompromising integrity. Crain's 23 brands reach 6 million business decision-makers and consumers across the United States and in select markets in Europe and Asia. Many of Crain's brands are the most influential media properties in the verticals they serve including Automotive News, Autoweek, Ad Age, Modern Healthcare, Plastics News, and Pensions & Investments. Headquartered in Detroit, the company has 650 employees in 10 locations delivering exceptional news content over a variety of platforms to empower the success of its readers and clients.

To learn more about Crain Communications Inc, visit crain.com.

Record changed: 2019-12-15

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