Conn. – Gartner (NYSE: IT) announced on
Tuesday that it has acquired fellow information technology market research firm
Burton Group for $56 million in cash.
Utah-based Burton Group counts 41
research analysts and will see projected 2009 revenue of $30 million.
Gartner said the deal will expand its product and service offerings, and
increase its IT research market opportunity, while also providing operational efficiencies
and cost savings.
"Gartner has traditionally focused on providing
strategic insight to CIOs and senior IT executives, while Burton Group has
built a leading niche providing practical, how-to advice to front-line IT
professionals," said Gartner CEO Gene Hall.
"Thus, Burton Group is a
great strategic fit for Gartner and should enable us to offer a more complete
solution to every level and functional expert within an IT organization."