Combined Companies to Provide Enhanced Offerings to Marketing &
CAMBRIDGE, Mass.--(BUSINESS WIRE)--July 31, 2008--Forrester
Research, Inc. (Nasdaq: FORR) today announced that it has acquired
JupiterResearch, LLC, and its parent company, JUPR Holdings, Inc.,
from MCG Capital Corporation (Nasdaq: MCGC) for $23 million in cash
plus assumed liabilities, subject to post-closing adjustments, in a
strategic purchase that complements Forrester's syndicated business
model. 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. JupiterResearch joins
Forrester's Marketing & Strategy Client Group, which contributed $46.4
million to Forrester's total revenue in 2007.
"Uniting JupiterResearch and Forrester brings together the two
leading research brands used by Marketing & Strategy executives," said
George F. Colony, Forrester's chairman of the board and chief
executive officer. "JupiterResearch enhances our existing role-based
strategy and offerings to bring unprecedented value to Forrester's
Marketing & Strategy clients. We welcome JupiterResearch employees and
clients to Forrester."
Forrester serves marketing and strategy, IT, and technology
industry leaders across 19 professional roles. The addition of
JupiterResearch will fortify Forrester's existing data-driven insight,
forward-looking research and analysis, objective advice, and best
practices for Marketing & 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
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
"Acquiring JupiterResearch is a significant step in our growth
strategy for the Marketing & Strategy segment of Forrester's
business," said Dennis van Lingen, managing director of Forrester's
Marketing & Strategy Client Group. "JupiterResearch's established
offering, well-respected research team, and strong sales organization
complement Forrester's and solidify our long-standing leadership
position as advisors to Marketing & Strategy professionals worldwide."
"We are very excited to be joining the Forrester brand, culture,
and community," said David Schatsky, president, JupiterResearch. "For
a quarter of a century, Forrester has been a trusted advisor to many
of the top businesses and organizations in the world, and we are
honored to bring the best of JupiterResearch to the Forrester name."
Forrester will discuss the JupiterResearch acquisition today at 11
a.m. ET as part of the company's second-quarter earnings call.
Investors interested in listening to the Webcast can preregister at
(Due to its length, this URL may need to be copied/pasted into
your Internet browser's address field. Remove the extra space if one
During the JupiterResearch acquisition, Forrester was represented
by The Jordan, Edmiston Group, Inc., a New York City-based investment
bank that specializes in the media and information industries.
About Forrester Research
Forrester Research, Inc. (Nasdaq: FORR) is an independent research
company that provides pragmatic and forward-thinking advice to global
leaders in business and technology. Forrester works with professionals
in 19 key roles at major companies providing proprietary research,
consumer insight, consulting, events, and peer-to-peer executive
programs. For more than 25 years, Forrester has been making IT,
marketing, and technology industry leaders successful every day. For
more information, visit www.forrester.com.
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These
statements, which include statements about the benefits of
acquisitions, are based on Forrester's current plans and expectations
and involve risks and uncertainties that could cause actual future
activities and results of operations to be materially different from
those set forth in the forward-looking statements. Important factors
that could cause actual future activities and results to differ
include, among others, Forrester's ability to anticipate business and
economic conditions, technology spending, market trends, competition,
industry consolidation, the ability to attract and retain professional
staff, possible variations in Forrester's quarterly operating results,
risks associated with Forrester's ability to offer new products and
services, and Forrester's dependence on renewals of its
membership-based research services and on key personnel. Forrester
undertakes no obligation to update publicly any forward-looking
statements, whether as a result of new information, future events, or
otherwise. For further information, please refer to Forrester's
reports and filings with the Securities and Exchange Commission.
(C) 2008, Forrester Research, Inc. All rights reserved. Forrester
is a trademark of Forrester Research, Inc.
CONTACT: Forrester Research, Inc.
Karyl Levinson, + 1 617-613-6262
Vice President, Corporate Communications
Michael A. Doyle, + 1 617-613-6234
Chief Financial Officer
SOURCE: Forrester Research, Inc.