Jupitermedia Acquires DevX.com Network of Developer Web Sites

Jul 15, 2003

Jupitermedia Corporation has acquired the assets of DevX.com from DevX.com, Incorporated for $2,250,000 in cash, 200,000 restricted shares of Jupitermedia common stock, and the assumption of certain liabilities. Formed through venture capital investment from Hummer Winblad Venture Partners, DevX is a provider of technical information and services that enable corporate application development teams to meet development challenges. DevX provides the international developer community with comprehensive information about software development for corporate applications. The DevX.com Network consists of sites in their respective vertical markets, such as Windows and Web development, .NET, Java, XML, C/C++, Visual Basic, Database and Wireless. DevX resources are available through three main channels: its public Web site www.devx.com; DevX Vendor Development Portals, which enable IT vendors to reach a large audience seeking product and vendor-specific technical information; and DevX Corporate Development Portals for corporate IT departments. Jupitermedia hopes that DevX's methodology for creating custom portals for clients will bring new revenue opportunities. Peter Horan will continue on in his role of President of the DevX.com Network and the companies will work together on future marketing and business initiatives.

(http://www.devx.com), (http://www.jupitermedia.com)