Jupitermedia Sells its JupiterResearch Division

Mar 31, 2006

Jupitermedia Corporation has today sold its JupiterResearch division for $10.1 million in cash and the assumption of certain liabilities by the purchaser, subject to post-closing adjustments. The purchaser is JupiterKagan, Inc., a portfolio company of MCG Capital Corporation. JupiterResearch is a provider of research, analysis and advice, backed by proprietary data, to help companies profit the Internet and emerging consumer technologies on their businesses. MCG Capital provides capital to small- to mid-sized companies. The Jordan, Edmiston Group, Inc. acted as financial advisor to Jupitermedia, and Willkie Farr and Gallagher LLP provided legal representation to Jupitermedia for this transaction.

(www.jupitermedia.com; www.jegi.com)