Monday, December 27, 2004

Gartner buying Meta Group

As further evidence of a consolidation trend in the IT research industry, Gartner today announced that it is buying competitor Meta Group. The offer price of $10 per share values Meta at about $162M and is more than 54% above Meta's closing stock price last Thursday. In 2003, Meta had $122M while Gartner had $858M.

In my opinion, part of the reason for the consolidation trend is the increasing quantity and quality of analysis available through what I call "open source research." Read the related posts below for more details.

Related posts
Research firms face threat of "open source research"
Death of IT research firms greatly exaggerated

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