Diversified Business Communications, a global organization operating on four continents, and a major independent producer of events and media worldwide, has acquired the Institute of Finance and Management (IOFM) from Greenhaven Partners, a private equity firm based in Greenwich, CT.
IOFM is the leading resource for information and tools in corporate financial management, accounts payable, credit, receivables & collections, corporate recruiting, and corporate security and safety. It produces, among other events, the largest accounts payable events in the United States, the Accounts Payable Conference & Expo. It also produces and markets leading industry publications and websites, such as the Controller's Report, Controllers Exchange, Managing Accounts Payable, Accounts Payable Exchange, Recruiting Trends Bulletin, and Recruiting Trends. Diversified will operate these products from its Portland, ME office under the leadership of IOFM Executive Director RD Whitney.
IOFM’s Accounts Payable events have experienced rapid growth over the past three years. The spring event, which took place April 10-12 in Arlington, VA, was sold out. The Fall AP Conference & Expo will be held in Las Vegas October 21-24 and is expected to draw over 600 attendees and 60 exhibitors.
IOFM’s Recruiting Trends conference is the fastest growing conference in America focused on the corporate recruiting function. The conference and expo will take place in Las Vegas Oct 22-25. Drawing on 15 years of history from its roots at Kennedy Information (now Bloomberg BNA), this event is the recognized meeting place for the rapidly evolving business function of talent acquisition.
New for 2013, IOFM is hosting the Payments Summit, to be held September 25-27 in Las Vegas, covering the game-changing shifts taking place in the payment process for corporations. IOFM is also producing the Controllers Summit to support its growing community of Corporate Controllers and Senior Financial Professionals.
IOFM has a long history of providing valuable, insightful content and training to its core audiences. In addition to its print and electronic newsletters, IOFM provides certification programs for Accounts Payable professionals and Corporate Controllers. It also offers valuable research and numerous webinars to its professional audiences.
RD Whitney commented on the acquisition, “We are thrilled to become part of Diversified Business Communications. Their mission is to connect, educate, and strengthen business communities through market-leading events, publications, and eMedia – and that’s exactly what we do in the corporate accounting, corporate security, and corporate recruiting markets. Diversified's infrastructure will help us continue our rapid growth in the US, and to expand internationally.”
According to Wayne Cooper, Managing Director of Greenhaven Partners, "The management team at IOFM has done a great job of transforming the Institute into a vibrant, growing organization with leading events and online resources. We know they will continue to thrive with the support of Diversified, which is a world class organization."
“We are very happy to bring IOFM to Diversified,” said Bill Springer, Group Vice President. “Their expertise in serving their communities with fresh, valuable content in person, online, and in print fits well with Diversified’s current business. In addition, the team brings many new skills to the company, which will create new value across all our products.”
