The Institute will continue to operate from its present locations in New York City and Los Angeles, under the direction of co-founder Stuart M. Williams. The company will join ALM's related conference businesses, including ALM events for legal professionals and managers, Insight Information business conferences in Canada and the RealShare conference series produced by Real Estate Media.

"This acquisition reflects the ongoing evolution of our company as a diversified business-to-business media platform, while extending our ability to assist lawyers and law firms in reaching current and potential clients across a broad range of industries," says William Pollak, president & CEO of ALM.

"The Strategic Research Institute has built a reputation as a premier provider of timely business education in sectors that mirror and complement our existing audiences and sponsor base," he adds. "We're pleased to welcome the Institute to ALM's expanding family of business and professional conferences, and we look forward to benefiting from Stuart's deep experience and expertise in this area."

"This is a wonderful opportunity to integrate and leverage the assets of ALM's event-related businesses with those developed by the Strategic Research Institute," says Williams. "The addition of the institute will allow ALM to expand product offerings to its clients, while providing a platform for the domestic and international growth of these businesses. I am personally very excited about the unique opportunities this acquisition will afford everyone involved, and I look forward to working with Bill and his team."