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8-K - FORM 8-K - FORRESTER RESEARCH, INC. | b86600e8vk.htm |
Exhibit 99.1
For Immediate Release |
Forrester Research Acquires Springboard Research
Cambridge, Mass., May 12, 2011 . . . Forrester Research, Inc. (Nasdaq: FORR) today announced
that it has acquired Springboard 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 Forresters expertise and coverage, said George F.
Colony, Forresters chairman of the board and chief executive officer. Springboard Researchs
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 Researchs 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 Researchs 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 Forresters 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.
Forresters 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.
- More -
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,
visit http://www.forrester.com.
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, Forresters
financial guidance for the second quarter of and full-year 2011. These
statements are based on Forresters 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, Forresters ability to
retain and enrich memberships for its research products and services, technology spending,
Forresters 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, Forresters dependence on key personnel, and
possible variations in Forresters 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 Forresters reports and filings with
the Securities and Exchange Commission.
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Contact:
Michael Doyle
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Karyl Levinson | Sachin Gosavi | ||
Chief Financial Officer
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Vice President, Corporate | Marketing Manager, Tech Industry | ||
Forrester Research,
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Communications | Forrester Research, Inc. | ||
Inc.
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Forrester Research, Inc. | +91 20 4014 7727 | ||
+1 617.613.6000
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+1 617.613.6262 | sgosavi@forrester.com | ||
mdoyle@forrester.com
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press@forrester.com |
© 2011, Forrester Research, Inc. All rights reserved. Forrester is a registered trademark of
Forrester Research, Inc.