CAMBRIDGE, Mass., May 12, 2011 (BUSINESS WIRE) --
Forrester Research, Inc. (Nasdaq: FORR) today announced that it has
Research, a provider of research and advisory services focused on
Asia Pacific and emerging markets. A former division of Knowledge
Platform, Springboard Research is headquartered in Singapore and has
offices in New Delhi and Beijing.
"The Springboard Research acquisition expands Forrester's expertise and
coverage," said George F. Colony, Forrester's chairman of the board and
chief executive officer. "Springboard Research's research, data, and
advisory products strengthen our offering for Vendor Strategy
Professionals, helping them plan, market, and sell their global
offerings. This acquisition deepens our knowledge of the Asia Pacific
region, and it formalizes our entry into China."
Springboard Research's 48 employees, including 36 research professionals
and its entire leadership team, will join Forrester. Furthermore,
Forrester will bolster its expanded organization in Asia Pacific with
additional hires in core support positions. "We are very excited to
become part of the respected Forrester brand," said Dane Anderson,
Springboard Research's chief executive officer. "The two companies share
transparent, flexible cultures and high standards to ensure we produce
top-quality research and provide differentiated advice to our clients to
help them become more successful."
With the addition of Springboard Research, Forrester clients now have
access to more local expertise and deep buyer insight in the
fastest-growing region in the world. The acquisition increases
Forrester's breadth and depth in Asia Pacific, expanding coverage in
multiple regional markets.
Industry watchers have called Springboard Research a "rising star" among
research advisory firms. A regional analyst relations manager for a
Fortune 100 IT company describes Springboard Research as "one of the
most exciting and fastest-growing industry analyst companies out of the
Asia Pacific region."
Forrester's second-quarter and full-year 2011 guidance will be updated
to reflect the financial impact of the Springboard acquisition in a
current report on Form 8-K to be filed today.
Forrester Research (Nasdaq: FORR) is an independent research company
that provides pragmatic and forward-thinking advice to global leaders in
business and technology. Forrester works with professionals in 19 key
roles at major companies providing proprietary research, customer
insight, consulting, events, and peer-to-peer executive programs. For
more than 27 years, Forrester has been making IT, marketing, and
technology industry leaders successful every day. For more information,
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These
statements include, but are not limited to, Forrester's financial
guidance for the second quarter of and full-year 2011. These statements
are based on Forrester's current plans and expectations and involve
risks and uncertainties that could cause actual future activities and
results of operations to be materially different from those set forth in
the forward-looking statements. Important factors that could cause
actual future activities and results to differ include, among others,
Forrester's ability to retain and enrich memberships for its research
products and services, technology spending, Forrester's ability to
respond to business and economic conditions and market trends, the risks
and challenges inherent in international business activities,
competition and industry consolidation, the ability to attract and
retain professional staff, Forrester's dependence on key personnel, and
possible variations in Forrester's quarterly operating results.
Forrester undertakes no obligation to update publicly any
forward-looking statements, whether as a result of new information,
future events, or otherwise. For further information, please refer to
Forrester's reports and filings with the Securities and Exchange
© 2011, Forrester Research, Inc. All rights reserved. Forrester is a
registered trademark of Forrester Research, Inc.
SOURCE: Forrester Research, Inc.
Forrester Research, Inc.
Michael Doyle, +1-617-613-6000
Chief Financial Officer
Karyl Levinson, +1-617-613-6262
Vice President, Corporate Communications
Sachin Gosavi, +91 20 4014 7727
Marketing Manager, Tech Industry