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Salt Lake City, UT - June 19, 2006 - WingateWeb Delaware LLC (“WingateWeb”), the leading provider of event management software, today announced that its founders, Tom Karren, Ty Allen, and Doug Baird, have purchased a majority interest in the company. The transaction enables WingateWeb to run as an independent company following the sale of MLI Holding’s (MLIH) Technology Media Group to CMP in January of 2006.
“WingateWeb’s founders have been managing the business since 1998 and are excited about the future of the company,” said Tom Karren, CEO and co-founder. “We look forward to continuing our growth with WingateWeb clients and our expanding number of strategic partners.”
In 2004, MLIH acquired WingateWeb to offer complete event management solutions that provided increased efficiencies and improved visibility into customer behavior at events. The resumption of ownership by the founders provides opportunity for the continued evolution of the tools and vision that has made WingateWeb successful.
“As an independent software company, WingateWeb is well positioned to work with corporate and certified channel partners around the world,” said Robert Priest-Heck, CEO of MLIH. “MLIH will retain a minority interest in the company and looks forward to continuing as an equity owner in WingateWeb.”
WingateWeb produces the most comprehensive, scalable, and affordable enterprise software platform for end-to-end event management. The company’s award-winning technology offers organizations registration, conference and content management, marketing analytics, sales tools, event logistics and on-site systems. WingateWeb clients include many Fortune 500 leaders in the information technology, pharmaceutical, and manufacturing industries.
About WingateWeb
WingateWeb is the leader in event data management technology and professional services. With emphasis on leveraging all event data using a single database, WingateWeb’s technology offers comprehensive solutions to complex event challenges. The WingateWeb software platform was the recipient of the Outstanding Achievement in Innovation in Business Solutions from the International Association for Exhibition Management (IAEM) in 2004. Additionally, WingateWeb offers powerful technology for cross-event management. Current clients include many Fortune 500 companies who demand leading-edge technology solutions their events. WingateWeb is headquartered in Lindon, Utah. For more information about WingateWeb, please visit www.wingateweb.com.