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Finovate’s owner buys company behind Money20/20

Informa Group, which operates the Finovate conference series, has acquired Ascential.

Ascential is the company behind the annual Money20/20 conference in Las Vegas. The financial terms were not disclosed.

Informa Group said it will form Informa Festivals, a new business for its conference events, on Jan. 1.

“The completion of the Ascential acquisition, creation of Informa Festivals and prospective creation of Informa TechTarget will establish leadership and scale in all our chosen B2B market segments, complementing our strength in Academic markets and creating a platform for growth from 2025 to 2030,” Stephen Carter, Informa’s group chief executive, said in a press release.

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