TechTarget is Fastest Growing Company Among State’s Largest Private Companies

IT Media Company Earns Spots on BBJ Lists of Top Private Companies for Growth and Revenues; Is One of Only Six Companies to Make "Fastest-Growing" List for Three Consecutive Years

NEEDHAM, Mass. – March 2, 2005 – Information-technology (IT) media company TechTarget announced today that it has been recognized by the Boston Business Journal as one of the top 20 fastest-growing private companies in Massachusetts. TechTarget was also the highest-ranked “Fastest-Growing” company to make the Boston Business Journal’s “Area’s Largest Private Companies” list, which ranks Massachusetts’ private companies with the highest revenue. Only one other company was named to both lists this year.

TechTarget is one of only 14 companies to make the annual list of Fastest-Growing Private Companies for two consecutive years and one of only six companies to make the list for three years running. Of the six repeat companies, TechTarget has the highest growth rate.

The Boston Business Journal’s list of 2004’s Fastest-Growing Private Companies ranks Massachusetts-based private companies by revenue growth for the period from 2002 to 2004. During that time, TechTarget grew revenues 80 percent and doubled the size of its staff from roughly 180 employees to 350.

Founded in late 1999, TechTarget’s performance has consistently defied economic trends in the tech media and events sector, where it is the only tech media and events company to have grown since 2000. TechTarget has grown sevenfold since its first full year of business, with nearly $50 million in sales in 2004.

“We’re proud that the Boston Business Journal has recognized TechTarget’s success in its annual lists of the state’s Fastest-Growing and Largest Private Companies,” said TechTarget CEO Greg Strakosch. “As the ‘Fastest Growing’ private company on the ‘Largest’ list, TechTarget has proved we can preserve our entrepreneurial spirit even as we join the ranks of the state’s largest companies. We will build on this momentum in 2005, accelerating our growth with additional launches, acquisitions and international expansion.”

About TechTarget

TechTarget publishes integrated media that enable information-technology (IT) marketers to reach targeted communities of IT professionals and executives in all phases of the technology decision-making and purchase process. Through its industry-leading Web sites, magazines and conferences, TechTarget delivers measurable results that help IT marketers generate qualified sales leads, shorten sales cycles and grow revenues. Founded in late 1999, TechTarget has won dozens of awards for its innovation and industry leadership, including more than 25 awards for editorial excellence in the past three years alone. In 2004, TechTarget was named to the Inc. 500 list of fastest-growing private companies in the United States in the company's first year of eligibility. TechTarget’s more than 2,500 advertisers include the leading IT companies in the world, among them, IBM, Microsoft, HP, Cisco, Oracle, Sun Microsystems, and Intel. More information about TechTarget is available at http://www.techtarget.com/

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Contact:
Marilou Barsam
Senior Vice President, Client Services & Corporate Marketing
617-431-9368
888-274-4111 x 9368
mbarsam@techtarget.com

Chris Olive
Director of Corporate Marketing, Events and Public Relations
617-431-9374
888-274-4111 x 9374
colive@techtarget.com