Company:Industry Dive

From HandWiki
Industry Dive
TypeSubsidiary
Industryonline B2B news source
Founded2012; 14 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)
Websitewww.industrydive.com

Industry Dive is an American business-to-business news organization with an estimated 18 million readers in more than 25 industries, such as banking, marketing, medicine, retail, and waste management.[1] Since 2022, it has been owned by Informa.

Industry Dive aims to serve business executives who read news digitally, reaching readers with newsletters and on their mobile phones.[2][3] The company had an estimated revenue of more than of more than $110 million in 2023.[4] As of 2022, it has about 380 employees, including more than 100 staff members working in editorial roles.[5] Industry Drive's headquarters is in Washington, D.C.[6]

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.[7][8]

In 2016, Industry Dive began its Dive Awards. Industry Dive's revenues increased significantly from 2015 to 2018 due to larger digital readership,[9][10] 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.[11] That same year, Griffey said “going small and deep” as opposed to scaling its audience made Industry Dive a profitable business model.[12][13]

In 2020, DCA Live named Industry Dive to its "Red Hot Companies" list, which recognizes the D.C. area's 'fastest-growing' companies.[14] In the same year, Industry Dive acquired CFO.[15][16] In 2021, Industry Dive acquired PharmaVOICE.[17]

In 2022, Industry Dive was purchased by Informa, which bought its majority stake from Falfurrias Capital Partners for about $525 million.[18][19] Industry Dive had grown its business to over $100 million in annual revenue, and the deal valued the news organization at nearly $390 million.[20]

Publications

Industry Dive provides news coverage spanning dozens of industries, including agriculture, banking, construction, education, fashion, healthcare, and manufacturing, each using a different website:[1]

  • Agriculture Dive
  • Automotive Dive
  • Banking Dive
  • BioPharma Dive
  • CFO
  • CFO Dive
  • CIO Dive
  • Construction Dive
  • C-Store Dive
  • Cybersecurity Dive
  • Education Dive
  • Facilities Dive
  • Fashion Dive
  • Food Dive
  • Grocery Dive
  • Healthcare Dive
  • Higher Ed Dive
  • Hotel Dive
  • HR Dive
  • K-12 Dive
  • Legal Dive
  • Manufacturing Dive
  • Marketing Dive
  • MedTech Dive
  • Mobile Marketer
  • Multifamily Dive
  • Packaging Dive
  • Payments Dive
  • PharmaVoice
  • Restaurant Dive
  • Retail Dive
  • Smart Cities Dive
  • Social Media Today
  • Supply Chain Dive
  • Trucking Dive
  • Utility Dive
  • Waste Dive

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 the U.S. pharmaceutical industry and the race for the coronavirus vaccine.[21]

The Washington Post recognized Industry Dive as a top place to work for four consecutive years, from 2016 to 2020.[22]

See also

References

  1. ↑ 1.0 1.1 "Publications" (in en). Industry Dive. https://www.industrydive.com/publications. 
  2. ↑ Dool, Greg (21 July 2020). ""The Inbox Is the New Doorstep," As Newsletters Evolve, Publishers Adapt Their Tactics". https://www.foliomag.com/email-newsletters-tactics-publishers-strategies-industry-dive-new-york-new-yorker/. 
  3. ↑ "About Our Newsletters - Industry Dive" (in en). https://www.industrydive.com/what-to-expect-from-our-newsletters. 
  4. ↑ LaPorte, Nicole (March 19, 2024). "This publisher is thriving by digging into deep-pocketed industries". https://www.fastcompany.com/91041152/industry-dive-most-innovative-companies-2024. 
  5. ↑ Fischer, Sara (2022-07-19). "Industry Dive to sell to U.K.-based events firm Informa" (in en). https://www.axios.com/2022/07/19/industry-dive-informa-acquisition. 
  6. ↑ 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". https://digiday.com/media/help-us-solve-goals-that-we-cant-solve-in-person-how-industry-dive-soared-revenue-as-b2b-budgets-migrated-to-digital/. 
  7. ↑ Health, Thomas (14 April 2017). "A boring business that Warren Buffett would love". Washington Post. https://www.washingtonpost.com/business/economy/a-boring-business-that-warren-buffett-would-love/2017/04/14/1004adc0-1ee4-11e7-a0a7-8b2a45e3dc84_story.html/. 
  8. ↑ "Industry Dive". https://www.sec.gov/edgar/browse/?CIK=1539396/. 
  9. ↑ "Industry Dive Is on Pace to Break $100 Million in Revenue" (in en-US). 2022-02-07. https://www.adweek.com/media/business-newsletter-industry-dive-on-pace-to-break-100-million-in-revenue/. 
  10. ↑ Digiday (2020-11-10). "'Help us solve goals that we can't solve in person': How Industry Dive soared revenue as B2B budgets migrated to digital" (in en-US). https://digiday.com/media/help-us-solve-goals-that-we-cant-solve-in-person-how-industry-dive-soared-revenue-as-b2b-budgets-migrated-to-digital/. 
  11. ↑ Dool, Greg (5 September 2019). "PE Firm Acquires Majority Stake in Industry Dive". https://www.foliomag.com/pe-firm-acquires-majority-stake-industry-dive/. 
  12. ↑ Estes, Lindsey (2019-01-23). "How Industry Dive, a publisher specializing in B2B verticals has built a profitable business" (in en-US). http://localmedia.org/2019/01/how-industry-dive-a-publisher-specializing-in-b2b-verticals-has-built-a-profitable-business/. 
  13. ↑ Morrissey, Brian. "Why Industry Dive won" (in en). https://www.therebooting.com/p/why-industry-dive-won. 
  14. ↑ "DCA Live 2020 Red Hot Companies". https://dca-live.com/2020-red-hot-companies. 
  15. ↑ "Industry Dive acquires CFO.com". https://www.industrydive.com/post/industry-dive-acquires-cfo-publishing. Retrieved 30 March 2023. 
  16. ↑ 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". https://www.businessinsider.com/industry-dive-acquires-cfocom-to-launch-payments-dive-2020-12?op=1. Fischer, Sara (28 July 2020). "Industry Dive's first big acquisition". https://www.axios.com/industry-dive-business-journalism-acquisition-97bce32d-7b44-4de0-ac27-efe9998b880a.html. 
  17. ↑ "Industry Dive acquires PharmaVOICE to broaden audience reach, continue expansion goals". https://www.industrydive.com/post/industry-dive-acquires-pharmavoice-to-broaden-audience-reach-continue-expansion-goals-1. 
  18. ↑ "Informa plc completed the acquisition of Industry Dive, Inc. from Falfurrias Capital Partners, LP." (in en-US). Market Screener. https://www.marketscreener.com/quote/stock/INFORMA-PLC-16587322/news/Informa-plc-completed-the-acquisition-of-Industry-Dive-Inc-from-Falfurrias-Capital-Partners-LP-42331525/. 
  19. ↑ "Industry Dive to be acquired by Informa PLC" (in en-US). Market Dive. https://www.marketingdive.com/press-release/20220719-industry-dive-to-be-acquired-by-informa-plc/. 
  20. ↑ Fischer, Sara (2022-07-19). "Industry Dive to sell to U.K.-based events firm Informa" (in en). https://www.axios.com/2022/07/19/industry-dive-informa-acquisition. 
  21. ↑ "2021 Azbee Awards of Excellence". American Society of Business Publication Editors. https://azbeeawards.secure-platform.com/a/gallery/rounds/44/details/19302. 
  22. ↑ "Top Workplaces 2020". The Washington Post. https://www.washingtonpost.com/graphics/2020/business/top-workplaces/. 



Retrieved from "https://handwiki.org/wiki/index.php?title=Company:Industry_Dive&oldid=4575655"