EarthWeb snaps up Sysopt and CodeGuru

Says acquisitions will bring in advertisers

EarthWeb has forked out $12.4 million in cash and stock to acquire SysOpt.com and CodeGuru.com. CodeGuru.com is an online service for Windows developers and offers directories of technical resources and source code among other services. SysOpt.com is one of our favourite hardware review sites. Both acquisitions are reported to be of strategic importance to EarthWeb. The acquisition of SysOpt.com will help extend EarthWeb's presence in the hardware sector while CodeGuru.com brings a new audience to the table for EarthWeb's existing advertisers. Together, the new acquisitions increase Earthweb's inventory by around 12 million pages per month. EarthWeb -- which provides business-to-business online services to the global IT industry -- was recently ranked the third fastest growing company within Business Week's Info Tech 100. ®

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