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Buying The Black Hat
John Stith
Staff Writer
2005-11-16
 Insider Reports RSS Feed
CMP Media announced the purchase of Black Hat Inc. Black Hat, founder Jeff Moss will stay on to run Black Hat as director. CMP believes this new acquisition will make them the strongest platform in the computer security media market.
The deal, worth a cool $10 million, will combine Black Hat with CMP's existing portfolio that includes the Computer Security Institute (CSI), Security Enterprise magazine and the Security Pipeline website.
"Black Hat has been one of the most successful conferences in computer security, with incredible growth over the past five years," said Chris Keating, vice president of CMP's security media group. "Its approach to security, focusing on attacks and countermeasures, complements CSI's methodology of a broader approach to computer security."
Moss started Black Hat back in 1997 as a source for security professionals within global corporations and federal agencies. Black Hat provides security consulting, training and briefings for corporations and government agencies including Amazon, DARPA, Microsoft and the NSA.
"This move will enable Black Hat to take advantage of growth opportunities we couldn't pursue as a small company, such as international expansion, while enabling me to keep doing what I love the most -- working with speakers and building the conference programs," Jeff Moss added.
Black Hat and CSI will remain separate within CMP and both will report back to Chris Keating. Black Hat's main conference, Black Hat USA will be in Vegas in July and others are planned for both Europe and Asia. CMP's main event in Washington D.C. is finishing up today and their CSI NetSec will be in Scottsdale AZ in June.
"Security, vulnerabilities and disasters are a daily concern for IT professionals at organizations around the globe. The security industry accounts for $46 billion in 2005 according to Forrester," noted CMP Media president and CEO, Steve Weitzner. "CMP's goal is to meet the needs of our customers and audiences. Black Hat deepens our security audience reach and reinforces our commitment to offering the strongest platform in the computer security media market."
About the Author:
John is a staff writer for SecurityProNews covering cyber security.
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