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United Business Media plc (UBM) has acquired Think Service of Colorado on behalf of UBM media and marketing company, CMP Technology. An initial cash consideration of $24.5 million (£12.5 million), with a further performance-related consideration of up to $5 million (£2.6 million), payable over the next 12 months.

CMP Technology forms part of the business-to-business publications, events, online media and business information arm of UBM, serving the technology industry. The acquisition of Think Service will complement CMP Technology’s existing International Customer Management Institute (ICMI) business, which focuses on call centre consulting, membership, certification & training and events.

David Levin, chief executive officer of UBM, had this to say: “Think Service is a business with strong revenue and profit growth potential, both in the US and worldwide and is a great fit with CMP Technology’s existing ICMI business. The acquisition of Think Service is another step in the continuing development of CMP’s global exhibition, training and consulting business serving the worldwide professional IT support market, an attractive and growing market.”

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