TechTarget

Analyst firms consolidate as users keep tight hold of purse strings

Gartner and Meta, two of the largest US-based IT analyst firms, have agreed to merge in an £86m cash deal.

Gartner and Meta, two of the largest US-based IT analyst firms, have agreed to merge in an £86m cash deal.

Meanwhile, UK analyst Datamonitor is to acquire Butler Group, also based in the UK, for £11m, expanding its services portfolio to offer IT consulting to Datamonitor’s 5,000 customers.

The analyst mergers reflect a trend of consolidation among IT suppliers, which have felt the pinch as user budgets tightened.

Gartner and Datamonitor cited new sales opportunities as being the key reason behind the deals.

Gene Hall, Gartner’s chief executive, said, "This 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 sales force."

The Datamonitor acquisition of Butler Group takes Datamonitor, which spans several markets, further into IT. Butler has 920 subscribers and a renewal rate of 70% and offers reports on commerce, infrastructures, knowledge management and operations.

Investec Securities, which prepared an investor statement for Datamonitor, said the merger "augments the company’s existing IT research offering by adding product knowledge to market knowledge."

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