Schofield Media Buys CTQ
Ideal Media division adds high-tech company to portfolio.
Ideal Media, a division of London-based Schofield Media Group, has acquired high-tech b-to-b company CTQ Media, and its iSixSigma subsidiary.
Seattle-based CTQ Media’s products include magazines, Web portals, custom publishing, events and marketing services. The company publishes iSixSigma magazine and produces isixsigma.com.
According to CTQ Media founder Michael Cyger, he expects his brands to “expand in many areas, including online, in print and in person, to better serve customers and to solidify our position as a leader in the management topics of Six Sigma and innovation, as well as our positions in outsourcing and business process management.” The acquisition bumps Schofield Media’s magazine portfolio to 27—11 of which are U.K.-based.
Schofield Media, an international b-to-b media company, was founded in 1999 by British entrepreneur Andrew Schofield as Schofield Publishing. In 2005, the company received funding from private equity firm Veronis Suhler Stevenson. That same year, the company acquired Boston-based RedCoat Publishing—including American Executive and American Health Executive magazines—and three titles from VNU. In 2006, it acquired SB Communications, a London-based publisher of medical journals for the diabetic sector.