Industry Dive

Last updated
Industry Dive
Industryonline B2B news source
Founded2012;13 years ago (2012)
Founders
  • Sean Griffey
  • Eli Dickinson
  • Ryan Willumson
Headquarters
Washington, D.C.
,
United States
Owner
  • Independent (2012–19)
  • Falfurrias Capital Partners (2019–22)
  • Informa plc (2022–present)
Website www.industrydive.com

Industry Dive is a United States-based business-to-business news organization with an estimated 13 million readers in more than 25 industries, including banking and waste management.[ citation needed ] Since 2022, it has been owned by Informa plc.

Contents

Industry Dive aims to serve business executives who read news on their mobile phones. [1] The company has reported revenues of $30 million to $60 million, mostly from selling ads.[ when? ] As of 2020, it has more than 300 employees, including 80 journalists and 12 engineers. Its headquarters is in Washington, D.C. [2]

History

Industry Dive was formed in 2012 by Sean Griffey (president), Eli Dickinson (chief technology officer), and Ryan Willumson (chief revenue officer). It was funded with $900,000 from private investors in 2012 and 2013. The company covered five industries: construction, education, marketing, utility, and waste. [3] [4]

In 2016, it began its Dive Awards. Industry Dive's revenues quadrupled from 2015 to 2018,[ quantify ] putting it in the top half of the Deloitte Technology Fast 500 and the top 20 percent of the Inc. Top 5000 list. In 2019, Falfurrias Capital Partners acquired a majority stake in the company. ID's content marketing clients included IBM, Siemens, and UPS. [5]

In 2020, DCA Live named Industry Dive to its "Red Hot Companies" list, which recognizes the D.C. area's 'fastest-growing' companies. [6] In the same year, Industry Dive acquired CFO . [7] [8] In 2021, Industry Dive acquired PharmaVOICE. [9]

In 2022, it was purchased by Informa plc, which bought its majority stake from Falfurrias Capital Partners for about $530 million. [10] [11]

Publications

Industry Dive provides news coverage of a variety of industries including agriculture, banking, construction, education, fashion, healthcare, and manufacturing, each using a different website: [12]

Awards

Industry Dive publications have received several national and regional Awards of Excellence from the American Society of Business Publication Editors, including for a series of 2020 articles about Big Pharma and the race for the coronavirus vaccine. [13]

The Washington Post recognized Industry Dive as a top place to work for four consecutive years, from 2016 to 2020. [14]

See also

References

  1. ↑ Dool, Greg (21 July 2020). ""The Inbox Is the New Doorstep," As Newsletters Evolve, Publishers Adapt Their Tactics". Folio. Retrieved 6 July 2021.
  2. ↑ Willens, Max (10 November 2020). "'Help us solve goals that we can't solve in person': How Industry Dive soared revenue as B2B budgets migrated to digital". Digiday. Retrieved 4 July 2021.
  3. ↑ Health, Thomas (14 April 2017). "A boring business that Warren Buffett would love". Washington Post. Retrieved 4 July 2021.
  4. ↑ "Industry Dive". Securities and Exchange Commission. Retrieved 4 July 2021.
  5. ↑ Dool, Greg (5 September 2019). "PE Firm Acquires Majority Stake in Industry Dive". Folio. Retrieved 6 July 2021.
  6. ↑ "DCA Live 2020 Red Hot Companies". DCA Live. Retrieved 6 July 2021.
  7. ↑ "Industry Dive acquires CFO.com". www.industrydive.com. Retrieved 30 March 2023.
  8. ↑ O'Reilly, Lara. "Industry Dive built a profitable media company on B2B news — now it's acquiring CFO.com and expanding its finance coverage to capitalize on a jittery market". Business Insider. Retrieved 6 July 2021.Fischer, Sara (28 July 2020). "Industry Dive's first big acquisition". Axios. Retrieved 6 July 2021.
  9. ↑ "Industry Dive acquires PharmaVOICE to broaden audience reach, continue expansion goals".
  10. ↑ "Informa plc completed the acquisition of Industry Dive, Inc. from Falfurrias Capital Partners, LP". Market Screener. Retrieved 2022-12-23.
  11. ↑ "Industry Dive to be acquired by Informa PLC". Market Dive. Retrieved 2022-12-23.
  12. ↑ "Publications". Industry Dive. Retrieved 12 August 2023.
  13. ↑ "2021 Azbee Awards of Excellence". American Society of Business Publication Editors. Retrieved 6 July 2021.
  14. ↑ "Top Workplaces 2020". The Washington Post. Retrieved 6 July 2021.
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