Brunico Communications, the business-to-business publishing and events company behind such brands as Realscreen, Kidscreen and Playback has acquired the assets of Toronto-based Achilles Media, including the operating rights to the Banff World Media Festival.
Besides Banff, Achilles produces a variety of other events and conferences for the entertainment industry, including nextMedia, the Digi Awards, and the Canadian Innovation Exchange (CIX), a showcase and networking conference for early-stage tech companies seeking capital.
In addition to its B2B publishing portfolio, the privately-held and Toronto-based Brunico produces such globally renowned conferences and markets as the Realscreen Summit, Realscreen West, the Kidscreen Summit, Stream, and Scripted, among others. The company produces events across North America, Europe and Asia.
“We look forward to welcoming the Achilles team to Brunico and, in particular, have long admired the iconic Banff Festival,” said Russell Goldstein, president and CEO of Brunico Communications, in a statement. “Achilles has done a remarkable job building some of the most respected events in the industry, and it is with great privilege that we have the opportunity to be a part of growing this success story in the years to come.”
Robert Montgomery, CEO of Achilles Media, will not be joining Brunico in the transition, but in a statement, said: “Brunico is the natural partner to help Achilles realize the full potential of its event portfolio while staying true to the needs of the communities they serve.
“We believe our clients and stakeholders are in excellent hands for the future,” he added.
Financial terms of the acquisition were not disclosed.