Forrester acquires JupiterResearch for $23 million

Tech analyst heavyweight Forrester Research just got a little bigger.

The Cambridge, Mass., company said Thursday that it acquired smaller rival JupiterResearch and its parent company JUPR Holdings for $23 million. The JupiterResearch brand will begin to serve Forrester's "Marketing and Strategy" client group.

JupiterResearch, considerably smaller than Forrester, had 83 employees and made $14 million in 2007, while Forrester Research, which has more than 1,000 employees, made $212 million.

Forrester also announced its second quarter earnings Thursday. The company had a $8.6 million profit on $63.5 million in revenue for the quarter ending June 30. Including the acquisition of JupiterResearch, the company predicts 2008 revenue between $246 million and $252 million, according to MarketWatch.

[carterlusher]

To learn more about the Forrester acquisition of Jupiter, read "Forrester acquires JupiterResearch - will the analysts stay or walk?"

http://sagecircle.wordpress.com/2008/07/31/forrester-acquires-jupiterresearch-will-the-analysts-stay-or-walk/

Carter Lusher
Strategist
SageCircle - the experts on the IT industry analysts and analyst relations