STATEN ISLAND, N.Y. — 7x24 Exchange Intl. announced the purchase of Capre Omnimedia LLC assets. Capre held data center conferences regionally within the U.S. and Canada with much success and was a major player in the mission critical events industry. However, with the onset of the coronavirus pandemic, Capre has not conducted a conference since March 5, 2020.
7x24 Chairman and CEO Bob Cassiliano conducted preliminary talks with Brian Klebash, president and founder of Capre, on the possibility of an asset purchase. As a result of these discussions, the 7x24 Exchange board of directors approved moving forward with the deal.
“The mission critical industry will benefit from this transaction, as it will consolidate the events industry professionals attend, making for more efficient and productive opportunities for networking, information sharing, and sponsorships,” Cassiliano said. “Capre held numerous regional conferences, which will now generate additional attendance and sponsorships for events conducted by 7x24 Exchange’s 28 chapters. Brian has been an industry leader, and we welcome him to the 7x24 Exchange team as a consultant with responsibility for new sales activities for 7x24 Exchange Intl.”
“7x24 Exchange Intl. commands the highest caliber speakers, sponsors, and attendees in the digital infrastructure industry,” Klebash said. “This transaction is a genuine win for the industry. The best minds in the industry attend and participate in 7x24 Intl. conferences, and it is the one organization where industry executives come together. I am excited for this next chapter for me and to work with 7x24 Exchange.”
7x24 conducted two on-site national conferences in 2021, the only mission critical organization to do so. Both events were extremely well attended as industry professionals longed for a face-to-face event.
“The Capre asset purchase reinforces 7x24 Exchange as the leading knowledge exchange in the mission critical industry,” said Cyrus Izzo, 7x24 president.