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TechTarget, Inc.
8/8/2024
impacted by layoffs and so far today we've seen them land in other positions and typically when that happens that's a that's a good thing for tech target they bring us in they understand our value proposition and I don't want to say where the first company they call but I'm going to guess we're on top of the dial when they make that phone call so right now we've seen we've seen them get impacted we've seen them land in new positions and we've seen them call us and bring us in so that really hasn't changed in the last few quarters
Got it. And then, you know, I know you're going to be describing this more at the September Analyst Day, but as you've had some more time to review the assets of Informatech, maybe just a couple of things, any updated thoughts around the timeline to close the transaction? And then secondarily, any updated thoughts or confidence around the synergies and combined growth trajectory when the deal closes? Thanks, guys.
Yeah, no problem. What I'd say in the combination, we continue to make good progress in the combination. We did follow the S4 back at the end of June time frame. We're on track. We've scheduled an investor morning on September 19th. And yeah, we've gotten to understand the assets of Informatech, not only the assets, the people, the business, how they work in our proposed operating model going forward. We've done a lot of diligence on that on both sides. So we've expanded and laid out a proposed operating model. We've looked at the executive team, what we call executive minus one, executive minus two. So we've made all the right moves to make sure that we're ready for the close, which we expect to be on time. In terms of the synergies, what we stated, we still feel very confident on the numbers that we stated. It was $25 million in expense and $20 million in revenue over the course of a couple of years post-close, and we still feel very confident on those numbers.
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