Industry Dive

Industry Dive is an online business to business news source, with an estimated 13 million readers across more than 25 industries, from banking to waste management.

Industry Dive
Industryonline B2B news source
Founded2012 (2012)
Founders
  • Sean Griffey
  • Eli Dickinson
  • Ryan Willumson
Headquarters
Washington, DC.
,
USA
Owner
  • Independent (2012–19)
  • Falfurrias Capital Partners (2019–22)
  • Informa plc (2022–present)
Websitewww.industrydive.com

In July 2022, Falfurrias Capital Partners sold Industry Dive to Informa plc for approximately $530 million.[1][2]

Overview

According to Folio magazine, Industry Dive's business model targets busy executives using their mobile phones. [3] ID has reported revenues of $30 million to $60 million. Most of its revenues come from its core advertising business. Industry Dive has more than 300 employees, including 80 journalists and 12 engineers, and its headquarters is in Washington, DC.[4]

History

Industry Dive was formed in 2012 by Sean Griffey (president), Eli Dickinson (chief technology officer) and Ryan Willumson (chief revenue officer) and funded with $900,000 from private investors in 2012 and 2013. The company started by covering five industries: construction, education, marketing, utility and waste.[5][6]

In 2016, it began its Dive Awards to recognize the most innovative and disruptive businesses. Industry Dive's revenues quadrupled from 2015 to 2018, putting it in the top half of the Deloitte Technology Fast 500 and the top 20 percent of the Inc top 5000 list. In 2019, Falfurrias Capital Partners acquired a majority stake in the company. ID's content marketing clients included IBM, Siemens and UPS.[7]

In 2020, DCA Live named Industry Dive to its "Red Hot Companies" list, which recognizes the Washington DC area's fastest-growing companies.[8] In the same year, Industry Dive acquired CFO.com.[9]

In 2020, Industry Dive acquired CFO.[10] In 2021, Industry Dive acquired PharmaVOICE.[11]

Journalism awards

The American Society of Business Publication Editors has awarded several national and regional Awards of Excellence to Industry Dive publications, including for a series of articles in 2020 about Big Pharma and the race for the coronavirus vaccine.[12]

Workplace Awards

The Washington Post has recognized Industry Dive as a top place to work for four consecutive years, from 2016 to 2020.[13]

See also

References
  1. "Informa plc completed the acquisition of Industry Dive, Inc. from Falfurrias Capital Partners, LP". Market Screener. Retrieved 2022-12-23.
  2. "Industry Dive to be acquired by Informa PLC". Market Dive. Retrieved 2022-12-23.
  3. Dool, Greg (21 July 2020). ""The Inbox Is the New Doorstep," As Newsletters Evolve, Publishers Adapt Their Tactics". Folio. Retrieved 6 July 2021.
  4. Willens, Max (10 November 2020). "'Help us solve goals that we can't solve in person': How Industry Dive soared revenue as B2B budgets migrated to digital". Digiday. Retrieved 4 July 2021.
  5. Health, Thomas (14 April 2017). "A boring business that Warren Buffett would love". Washington Post. Retrieved 4 July 2021.
  6. "Industry Dive". Securities and Exchange Commission. Retrieved 4 July 2021.
  7. Dool, Greg (5 September 2019). "PE Firm Acquires Majority Stake in Industry Dive". Folio. Retrieved 6 July 2021.
  8. "DCA Live 2020 Red Hot Companies". DCA Live. Retrieved 6 July 2021.
  9. O'Reilly, Lara. "Industry Dive built a profitable media company on B2B news — now it's acquiring CFO.com and expanding its finance coverage to capitalize on a jittery market". Business Insider. Retrieved 6 July 2021.Fischer, Sara (28 July 2020). "Industry Dive's first big acquisition". Axios. Retrieved 6 July 2021.
  10. "Industry Dive acquires CFO.com". www.industrydive.com. Retrieved 30 March 2023.
  11. "Industry Dive acquires PharmaVOICE to broaden audience reach, continue expansion goals".
  12. "2021 Azbee Awards of Excellence". American Society of Business Publication Editors. Retrieved 6 July 2021.
  13. "Top Workplaces 2020". The Washington Post. Retrieved 6 July 2021.
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