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TechTarget Buys KnowledgeStorm

TechTarget Inc. (Nasdaq: TTGT) has acquired KnowledgeStorm Inc., an Alpharetta, Ga.-based provider of qualified leads for IT vendors. The deal is valued at approximately $58 million, including $52 million in cash and 359,820 shares of unregistered TechTarget common stock. KnowledgeStorm had raised over $16 million in VC funding since 1999, from firms like Apex Venture Partners, LiveOak Equity Partners, Sterling Partners, Imlay Investments, Gefinor Ventures and Total Technology Ventures.