Two ICT analyst firms merge
- 03 March, 2010 22:00
Springboard Research, an IT market research and analyst firm has acquired Australian-based Hydrasight. In a press statement, Springboard says the merger is expected to expand its coverage areas in the Asia Pacific region and to provide services specifically targeted at enterprise-class consumers of technology.
“Springboard Research has continued to grow exponentially since its inception and we believe the global financial crisis strengthened our company rather than weakened it. The acquisition of Hydrasight enables us to deliver new research services tailored to the unique end user needs of commercial enterprises and public sector organisations in the Asia Pacific region” says Dane Anderson, CEO and EVP of Research for Springboard.
Springboard says the acquisition signals the inevitable merging of independent IT industry research firms in the face of increasing market consolidation driven primarily by North American-centric analyst firms.
Enterprise technology consumers have previously had to accept global IT research or utilise niche analysts from a variety of local or specialist firms. This acquisition will provide a significant Asia Pacific based and focused alternative for the provision of IT industry research services relevant to geography, industries and organisations of various sizes with specific technology environments, says Springboard.
Early this year, Computerworld UK reported Gartner acquired rival analyst Burton Group, and AMR, an analyst group specialising in supply chain systems.