IT analyst group Yankee Group has been bought by a private equity firm, in the latest big change in the IT research community.
Alta Communications has purchased Yankee for an undisclosed sum from Decision Matrix Group, which only acquired Yankee from Reuters last year.
With the acquisition, Yankee Group president and chief executive Brian Adamik is leaving the company. Emily Nagle Green, most recently chief executive of Cambridge Energy Research Associates, will take his place as chief executive.
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Green said, “I have known and respected Yankee Group's work since I first became a client of technology research in the late 1980s. It is an exciting time of change in the industry and I am confident that Yankee Group’s strong brand and independent heritage will provide a solid foundation for growth.”
The IT market research industry has undergone significant changes in recent times, with Forrester having bought Giga Group and Gartner acquiring Meta Group.