October 25, 2013 Last Updated 7:00 am

TechTarget buys back 7.1 million shares of its common stock

“This purchase was a very good use of our cash. We were able to buy approximately 7.1 million of our share.”

Press Release:

NEWTON, Mass. – October 25, 2013 — TechTarget, Inc. (NASDAQ: TTGT) announced today the results of its tender offer to purchase up to 6,500,000 shares of its common stock at a price of $5.00 per share, which expired at 5:00 p.m., New York City time, on October 24, 2013.

In accordance with applicable SEC regulations and the terms of the Offer to Purchase, we exercised the right to purchase additional shares. TechTarget has accepted for purchase 7,100,633 shares of its common stock, at a purchase price of $5.00 per share, for a total cost of approximately $35.5 million. Based on the final tabulation by Computershare Trust Company, N.A., the Depositary for the tender offer, 7,100,633 shares of TechTarget’s common stock, including 43,724 shares subject to guaranteed delivery procedures, were properly tendered and not withdrawn.

Immediately following the purchase of the tendered shares and assuming the proper delivery of all shares tendered (including shares tendered pursuant to guaranteed delivery procedures), TechTarget will have approximately 31.7 million shares of common stock outstanding.

“This purchase was a very good use of our cash. We were able to buy approximately 7.1 million of our shares, so the corresponding reduction of outstanding shares of our common stock will boost our earnings per share. In addition, we were also able to reduce our VC overhang by approximately 4.5 million shares. We are very pleased with the overall results of the tender,” said Greg Strakosch, CEO of TechTarget.

Georgeson Securities Corporation is acting as the Dealer Manager and the Information Agent is Georgeson Inc. The Depositary is Computershare Trust Company, N.A. For questions and information, please call the Information Agent toll free at (800) 248-7605.

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