EnsembleIQ Acquires Canadian Titles, Shuffles Leadership
Korry Stagnito takes charge of EnsembleIQ-Canada, a new division, as well as business development.
EnsembleIQ, the B2B media firm born as a result of the merger between Stagnito Business Information, Edgell Communications, and the Path to Purchase Institute, has acquired several Canadian-based titles from Rogers Media in its first major splash since combining the companies last April.
The 130-year-old brand Canadian Grocer, as well as Pharmacy Practice+, The Medical Post, Monday Report on Retailers, and francophone title Profession Santé will form EnsembleIQ-Canada, a new division aimed to complement the company's existing media brands serving the U.S. retail and consumer goods space. Joining the acquired titles in the new division are a handful of Canadian titles already owned by EnsembleIQ, including Pharmacy Business and Your Convenience Manager.
EnsembleIQ COO Korry Stagnito, who spearheaded the transaction, will shift over to president of EnsembleIQ-Canada, as well as chief business development officer for the greater EnsembleIQ, placing him in charge of all future M&A activities for the company.
Replacing Stagnito as COO is Richard Rivera, who was also named president of information services. Rivera joins EnsembleIQ from Innovation Enterprise, where he spent just over a year as president and COO. Prior to that, Rivera spent five years at CFO Publishing, eventually rising to SVP and chief content and product officer.
Maureen Macke, the Path to Purchase Institute's longtime managing director of events and member services, has been promoted to SVP, events and conferences at EnsembleIQ. It's a newly created position at the company, a move that heralds EnsembleIQ's renewed emphasis on growing its live event business, according to a release.
The changes to the executive team and the acquisition of the Rogers brands align with EnsembleIQ's "content-first" editorial strategy and its goal of boosting its portfolio of industry events, according to the company.
“We’re thrilled to have such powerful titles join our portfolio of brands,” said Peter Hoyt, president and CEO of EnsembleIQ, in a statement. “Not only do they align perfectly in serving some of our key markets throughout North America, but they have a rich history of helping their readers and advertisers find success in their careers, which is the primary objective of EnsembleIQ."
There are no executive-level departures to accompany the staff changes, an EnsembleIQ spokesman tells Folio:, and the teams at the acquired Canadian titles will remain in place.