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Technology Industry

Gartner Buying META Group

Enterprise Networks & Servers, Jan 2005

A pair of research companies, Gartner Inc. and META Group, are getting together under an agreement where Gartner will acquire META Group in an all-cash transaction for approximately $162 million.

In 2003, Gartner generated $858 million in revenue from 76 locations around the world, while META Group generated $122 million in revenue from 52 locations.

Gene Hall, Gartner's chief executive officer, said, "Gartner and META Group are both based in Stamford (Conn.) and share complementary business models, which will allow easy integration of META Group's offerings into Gartner's existing service portfolio. 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."

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Founded in 1979, Gartner has more than 3,500 associates, approximately 1,000 research analysts and consultants, in 76 locations worldwide.

Copyright Publications & Communications, Inc. Jan 2005
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Technology Industry

Gartner Buying META Group

Enterprise Networks & Servers, Jan 2005

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