Jupitermedia Corporation says it sold its JupiterResearch division for $10.1 million in cash to JupiterKagan, Inc., a portfolio company of MCG Capital Corporation (MCGC).

JupiterResearch is a provider of research and analysis on the internet and emerging consumer technologies.

"Jupitermedia is focusing on extending the images aspect of its business by re-investing capital generated from the sale of non-core assets. JupiterResearch is a highly regarded research business with a strong brand name that fits extremely well with Kagan Research and its business model," says Richard Mead, managing director, The Jordan, Edmiston Group, Inc., which acted as financial advisor to Jupitermedia.