Jupitermedia Acquires DevX.com Network

Jupitermedia has acquired the assets of DevX.com for $2.25 million in cash, 200,000 restricted shares of Jupitermedia common stock and the assumption of certain liabilities.

The DevX.com Network consists of vertical sites focusing on markets such as Windows and Web development, .NET, Java, XML, C/C++, Visual Basic, Database and Wireless.

This is the third acquisition by Jupitermedia this year, following the buyout of Nua.com and ArtToday network.

Related: Interview with Alan Meckler, CEO of JUPM: Meckler and the Art of Online Survival.

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