Desktop Engineering Positioned for Accelerated Growth with Acquisition by Peerless Media

Level 5 Communications Inc. today announced the sale of its Desktop Engineering business to Peerless Media, LLC. The transaction is designed to accelerate new product development and continued growth in services offered to the product design and engineering market. Peerless Media is part of the EH Publishing affiliated group.

"Peerless Media and EH Publishing are the ideal partners to take Desktop Engineering's market leadership to a higher level,” said Tom Conlon, owner and president of Level 5 Communications. “They share our long-term commitment to delivering high-quality content and valuable audiences, and are equally dedicated to service excellence. Plus they bring resources that will greatly accelerate our growth plans for new media products.”

Desktop Engineering’s audience and business partners can expect the same high-quality service that has defined the media company for almost 20 years. The acquisition will allow Desktop Engineering’s team to provide more in-depth content and business building opportunities, especially with new lead generation, custom content, research and event products.

“The purchase of Desktop Engineering is significant for both our growth and diversification strategies,” said Brian Ceraolo, president of Peerless Media. “It broadens our company’s position in the manufacturing market and gives us a significant presence in an exciting new industry. The design engineering market is rapidly changing, and Desktop Engineering is the leading voice in the industry.”

"Desktop Engineering's market leadership, competitive standing and revenue have grown substantially over the past five years,” said Conlon. “We have the privilege of serving the engineering technology market, which offers so much intrinsic value and has so many exciting opportunities. It was time to take Desktop Engineering's leading position in this high-growth market and get a much larger growth engine behind us, an engine that will help us develop even more high-value content and launch new services for our engineering audience and marketing partners. I believe Peerless Media and EH Publishing are perfectly aligned to provide these growth-enabling resources to Desktop Engineering. Our team and I look forward to working with our new partners to make that growth happen."

MediaFront LLC served as the advisor to Level 5 Communications.

About Desktop Engineering

Desktop Engineering is the industry-leading multimedia brand covering simulation-driven design, rapid prototyping, PLM and related technologies and services for the manufacturing, medical, automotive, aerospace, consumer electronics, process, and other industries. Its audience and marketing partners are focused on the optimization of product designs and the product design lifecycle. Desktop Engineering delivers design information and marketing solutions via a monthly magazine, websites (deskeng.com and rapidreadytech.com), technology-focused newsletters and custom content and lead generation programs.

About Peerless Media

Founded in 2010, Peerless Media (www.peerlessmedia.com) is the leading provider of independent business content and information serving the supply chain industry, logistics and materials handling industries. Through our flagship brands, we offer unparalleled B2B coverage via publications, websites, newsletters, conferences, and research.

About EH Publishing

EH Publishing (http://www.ehpub.com) is an integrated media company and the leading provider of independent business and consumer content and information serving the custom electronics, information technology, house of worship, pro audio, robotics, and supply chain markets through multimedia publications, websites, newsletters, and expos. EH provides resources to millions of professionals and consumers worldwide.