Privately held technology research firm 451 Group said it has acquired Yankee Group, a competitor that focuses on the mobile communications industry, from private equity firm Alta Communications. Yankee Group and 451 compete with firms including Forrester Research Inc, Gartner Inc and IDC in providing research that companies use to evaluate technologies.Terms of the deal, announced on Thursday, were not disclosed.Yankee Group Chief Executive Terry Waters will remain with the company, which will operate as a unit of 451 Group.New York-based 451 Group has more than 200 employees. The companies declined to disclose how many people work for Yankee Group, whose headquarters is in Boston.
Forrester Research, Inc. (Forrester) is an independent research company. Shares of FORR traded higher by 2.02% or $0.54/share to $27.25. In the past year, the shares have traded as low as $20.60 and as high as $36.15. On average, 104244 shares of FORR exchange hands on a given day and today's volume is recorded at 11694.
Gartner, Inc. (Gartner) is an information technology (IT) research and advisory company. Shares of IT traded higher by 4.09% or $1.94/share to $49.36. In the past year, the shares have traded as low as $34.39 and as high as $51.45. On average, 443385 shares of IT exchange hands on a given day and today's volume is recorded at 577570.
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