Summit Business Media Announces Acquisition of Advanced Planning Press; Extends Electronic Offerings
New York, N.Y – May 5, 2008 – Summit Business Media, LLC, a leading business information company, today announced its acquisition of Advanced Planning Press, publisher of OnlineAUS, a leading electronic resource for financial advisors and insurance companies. Terms of the transaction were not disclosed.
Advanced Planning Press electronically publishes OnlineAUS (also known as the Advanced Underwriting Service), the most comprehensive library of advanced sales information for financial advisors in the industry. OnlineAUS has become an essential reference tool for those advisors selling complex solutions in areas such as estate planning, life insurance, annuities and benefits. Robert Adler, the president of OnlineAUS, has twenty-six years of experience in the legal and insurance fields and is a widely recognized expert in this field. "AUS has a 55-year history of helping the best in the business become even better" says Adler, "We’re constantly developing and improving the service. We aim to be the authoritative resource for the widest possible audience of financial advisors." A summary of OnlineAUS can be found at www.onlineaus.com.
"We are delighted to have the experience and creativity of Robert Adler on a continuing basis," said Andrew L. Goodenough, President of Summit Business Media. "The addition of Adler and AUS will accelerate our migration to our electronic future—and therefore will be a great benefit for our loyal customers."
Mr. Adler will continue in a consulting role with Summit, developing new business and helping to formulate electronic strategy for the company’s tax and financial planning products, while continuing to contribute to OnlineAUS. OnlineAUS will be a part of Summit’s Reference Division (formerly the Professional Publishing Division or PPD), managed by Vice President and Managing Director Fred Rodgers. Adler will work closely with Rodgers and the Editorial Director of this Division’s Tax and Financial Planning Products, Deborah A. Miner.
About Summit Business Media
Summit Business Media was formed in November 2006 by Wind Point Partners’ acquisition of two leading b2b information companies, Highline Media and Pfingsten Publishing. Summit Business Media serves the insurance, financial, professional services, mining investment and art markets, via magazines, online products, events, reference materials and databases. Its insurance information is anchored by the premier weekly magazines and websites in the business, the National Underwriter Property/Casualty and Life/Health weeklies, as well as the monthlies American Agent & Broker, Life Insurance Selling and three other insurance-focused titles. Summit also has a premier position in the financial services industry via Investment Advisor, Wealth Manager, Credit Union Times, Research, Treasury & Risk and Futures magazines and websites as well as Inside Counsel for the legal market. Its Reference Division includes TaxFacts and Fire, Casualty and Surety Bulletins , along with 150 other books and electronic products. Summit offers more than 200 live events (trade shows, conferences and professional education seminars). The company is also the leading data provider of financial and market information on insurance companies in the country. Summit Business Media employs nearly 500 people in 15 offices throughout the United States.
Summit is also one of the leading organizers of consumer art expositions and providers of business-to-business information to the art market. Additional information about Summit is available at www.summitbusinessmedia.com .