deals, M&A, market research
Forrester Orbits, Buys Jupiter for $23M
Robert Buderi 7/31/08
In a merger of market research minds, Cambridge, MA-based Forrester Research (NASDAQ: FORR) announced today that it will purchase JupiterResearch and its parent company, JUPR Holdings, from MCG Capital Corporation (NASDAQ: MCGC) for $23 million in cash, plus assumed liabilities. JupiterResearch, with 2007 revenues of roughly $14 million, has 83 employees. Forrester reported 2007 revenues of $212 million and 1,000-plus employees, according to a release.
Bob is Xconomy's founder and editor in chief. You can e-mail him at bbuderi@xconomy.com, call him at 617.500.5926, or follow him on Twitter at http://twitter.com/bbuderi.
11/11/08 1:13 pm
[...] Forrester Orbits, Buys Jupiter for $23M [...]