Pyramid Research Upgrades to New Facilities

CAMBRIDGE, Mass., Dec. 2 /PRNewswire/ — Pyramid Research (www.pyr.com),
the telecom research arm of TechWeb’s Light Reading Communications Network
(www.lightreading.com), announced it has upgraded its corporate headquarters
in Cambridge, Mass., and its offices in London and Hong Kong to new
facilities. To view the new office locations, visit www.pyr.com/contact.htm.

The relocations of the Cambridge headquarters as well as the London and
Hong Kong offices are an integral part of the company’s efforts to align its
global presence within TechWeb’s Light Reading Communications Network, which
acquired Pyramid in September of this year. The larger facilities also allow
Pyramid to accommodate frequent visits of international staff, clients, and
partners.

“Pyramid’s move into state-of-the-art facilities in Cambridge, London, and
Hong Kong will enhance our client services in a number of ways,” says Dennis
Mendyk, Managing Director of Pyramid Research and Heavy Reading. “With these
moves, Pyramid is now tightly integrated with the massive resources of UBM and
TechWeb, which will enable us to deliver new products and services to our
customers faster and more efficiently.”

Centrally located at 10 Canal Park in Cambridge, Mass., the
newly-constructed office space for Pyramid’s headquarters is convenient to the
airport and near public transportation, hotels, restaurants, shopping, and
parking. The new facility also features a meeting room whose floor-to-ceiling
window overlooks the pond and fountain of Canal Park.

Pyramid’s London office has moved to United Business Media Limited’s
headquarters at Ludgate House in London’s South Bank district, while its Hong
Kong office has moved to United Business Media’s location in Causeway Bay.
Pyramid’s offices in Seattle and Miami will remain in their current locations.

    For more information, please visit www.pyr.com.

    Press contact:
    Jennifer Baker
    +1 617 871-1910
    jbaker@pyr.com

About Pyramid Research

Pyramid Research (www.pyr.com) offers actionable solutions to the complex
demands our clients face in the telecommunications, media and technology
industries. Our analysis is uniquely positioned at the intersection of
emerging markets, emerging technologies and emerging business models, powered
by the bottom-up methodology of our market forecasts for over 100 countries -
a distinction that has remained unmatched for over 20 years. As the telecom
research arm of the Light Reading Communications Network, Pyramid Research
works with Heavy Reading, providing the communications industry’s most
comprehensive market data, trusted research and insightful technology
analysis.

About Light Reading

Founded in 2000, Light Reading (www.lightreading.com) is the leading
online media, research, and focused event company serving the $3 trillion
worldwide communications market. Lightreading.com is the ultimate source for
technology and financial analysis of the communications industry, leading the
media sector in terms of traffic, content, and reputation. Light Reading’s
research arms, Heavy Reading and Pyramid Research, provide the most
comprehensive communications research, market data, and technology analysis in
close to 100 markets around the world. Light Reading produces nearly 20
targeted communications events including TelcoTV, Ethernet Expo New York and
Ethernet Expo London, The Tower Summit @ CTIA, and Optical Expo, as well as
focused one-day events tailored for cable, mobile, and wireline executives.
Light Reading was acquired by United Business Media in August 2005 and
operates as a unit of TechWeb.

About TechWeb

TechWeb (techweb.com/aboutus), the global leader in business technology
media, is an innovative business focused on serving the needs of technology
decision-makers and marketers worldwide. TechWeb produces the most respected
and consumed media brands in the business technology market. Today, more than
13.3 million* business technology professionals actively engage in our
communities created around our global face-to-face events Interop, Web 2.0,
Black Hat and VoiceCon; online resources such as the TechWeb Network, Light
Reading, Intelligent Enterprise, InformationWeek.com, bMighty.com, and The
Financial Technology Network; and the market leading, award-winning
InformationWeek, TechNet Magazine, MSDN Magazine, Wall Street & Technology
magazines. TechWeb also provides end-to-end services ranging from
next-generation performance marketing, integrated media, research, and analyst
services. TechWeb is a division of United Business Media, a global provider of
news distribution and specialist information services with a market
capitalization of more than $1.6 billion.

* 13.3 million business decision-makers: based on # of monthly connections

About United Business Media Limited (www.unitedbusinessmedia.com)

United Business Media Limited (UBM) is a global media and marketing
services company that informs markets and brings the world’s buyers and
sellers together at events, online, in print, and with the information they
need to do business successfully. UBM serves professional and commercial
communities, from IT professionals to doctors, from journalists to jewelry
dealers, from farmers to pharmacists around the world. UBM employs more than
6,500 people in more than 30 countries. UBM’s businesses operating in the US
include CMPMedica, Commonwealth Business Media, Everything Channel, PR
Newswire, RISI, TechInsights, TechWeb and Think Services. UBM is listed on the
London Stock Exchange (UBM.L) and has a market capitalization of $1.6 billion.

SOURCE Pyramid Research