Gartner and Meta, two major analyst firms for the IT
industry, have agreed to merge in a $162m (£86m) deal.
The resulting company will be a formidable IT research and
consulting firm, likely to benefit end user organisations through
its broad range of consulting services, said Gartner.
Gene Hall, Gartner's chief executive officer, said, "This
transaction is an exciting opportunity that will give us increased
depth in key sectors, geographies and markets, and an increased
ability to seize revenue opportunities with the addition of Meta
Group's well-trained, successful sales force.
In sum, the acquisition will make Gartner a stronger company
with increased opportunities for growth and greater resources to
offer clients."
Gartner made its bid to acquire Meta Group at the end of
December, in an all-cash transaction.
In 2003, Gartner generated $858m in revenue from 76 locations
around the world, while Meta Group generated $122m in revenue from
52 locations.
