January 6, 2010 — Gartner, Inc. a provider of research and analysis on the global information technology industry, announced that, on December 30, 2009, it acquired Burton Group, Inc. for approximately $56 million in cash.
Burton Group is a leading research and advisory services firm that focuses on providing practical, technically in-depth advice to front-line IT professionals. The firm has approximately 41 research analysts, 40 sales and client service associates, and projected 2009 revenue of $30 million.
The acquisition of Burton Group is expected to expand Gartner's product and service offerings, and increase its IT research market opportunity. The combination is also expected to drive operational efficiencies and cost savings.
Gene Hall, Gartner's CEO, stated that Burton Group has built a leading niche providing practical, how-to advice to front-line IT professionals, making it a great strategic fit for Gartner, which has traditionally focused on providing insight to CIOs and senior IT execs. Hall believes this will enable Gartner to offer a more complete solution to every level within an IT organization.
Jamie Lewis, Burton Group’s CEO, expressed excitement about the prospect of accelerated growth for Burton Group under Gartner’s umbrella. “By combining our technical depth with Gartner’s global presence and distribution capabilities, we can reach a much broader set of clients with the most complete set of IT research and advisory services available,” Lewis commented in a statement.
This announcement follows Gartner’s December acquisition of AMR Research.
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