Forrester Research acquires JupiterResearch for $23 million
Forrester Research, Inc. has acquired JupiterResearch, LLC and its parent company, JUPR Holdings, Inc., from MCG Capital Corporation for $23 million in cash plus assumed liabilities. JupiterResearch has 83 employees and 2007 revenues of approximately $14 million. Forrester, with 2007 revenues of $212 million, now has more than 1,000 employees. This strategic purchase complements Forresterâ€™s syndicated business model, as JupiterResearch joins Forresterâ€™s Marketing & Strategy Client Group, which contributed $46.4 million to Forresterâ€™s total revenue in 2007.
Forrester serves marketing and strategy, IT, and technology industry leaders across 19 professional roles. The addition of JupiterResearch will fortify Forresterâ€™s existing data-driven insight, forward-looking research and analysis, objective advice, and best practices for marketing and strategy professionals globally. These professionals include CMOs, consumer market researchers, consumer product strategists, customer experience experts, direct marketers, interactive marketers, and
eBusiness and channel specialists at major companies.
Like Forrester, JupiterResearch provides business professionals with syndicated research, analysis, and advice backed by proprietary data. JupiterResearch has a substantive and growing library of syndicated research and strong consumer data and excels at market forecasting.