VeloNews Has Been Sold!

Just in today, VeloNews has been sold to Competitor Group Inc. One of the big reasons for their sale was…

Inside Communications CEO Felix Magowan said the decision was driven largely by the realization that the company was “too undercapitalized to take advantage of all the growth opportunities available to us on the web, in print, books, events and mail order.”

The article does say that they plan on keeping the HQ in Colorado.

I wonder what changes will come? I wonder if their new upgrade to the new site put them way behind finacially.

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