LRP Publications Buys Singapore-based HR Events From Diversified
January 23, 2018
U.S.-based LRP Publications has added Singapore-based HRM Asia, a business unit of Diversified Communications, to its human resources-focused portfolio.
The new entity complements LRP’s Human Resource Executive® (HRE) magazine and HR Technology Conference & Exposition®, an event dedicated to HR technology.
HRM Asia is a multi-platform network providing an array of thought-leading HR discussion and information to HR professionals of all ranks in Asia-Pacific.
The acquisition will expand LRP’s portfolio of HRE to the region beyond its annual HR Tech China Conference.
Assets attained include three events: HR Summit & Expo, Smart Workforce Summit, the HRM Asia Congress Series; the popular annual HRM Readers’ Choice Awards, HRM Magazine and digital content.
“As the leader in HR technology conferences and content, this acquisition is a logical progression in our global growth plan,” said Rebecca McKenna, vice president of Global Events and Human Resource Executive® Publisher.
She added, “It’s particularly exciting to deepen our relationships with multi-national vendors and HR professionals who are seeking to expand their position across APAC.”
Human Resource Executive® magazine is a print and online publication covering important HR subjects such as HR technology, employee engagement, performance management, organizational leadership and career development.
The HR Technology Conference & Exposition® is LRP’s global flagship event in the HR technology category.
“The Asia-Pacific region is a prime source of business growth and qualified talent,” said Kenneth Kahn, president of LRP Publications and LRP Conferences, producers of the HR Tech Conference and publishers of Human Resource Executive® magazine.
He added, “It’s also a region that has been at the forefront of HR technology trends, especially in its adoption of mobile technologies. HRM Asia has been influential in providing this community with relevant thought leadership. This acquisition enables us to reach even more HR professionals, regardless of where they are in their career path, by delivering quality global content, locally.”
Diversified Communications’ Corporate Vice President Oakley Dyer adds, “These HR conferences and publications fit perfectly within LRP’s existing portfolio and the sale is part of our strategy to narrow our geographic focus, while still investing in new industries that complement our existing portfolio.”
HRM Asia will continue to operate under its own brand. Terms of the deal were not disclosed.
Partner Voices
MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.
Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.
Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.
The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.
MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.
MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.
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