May 14, 2004 — (WEB HOST INDUSTRY REVIEW) — Monitor Clipper Partners (montiorclipper.com) and a group of private investors have acquired the Yankee Group (yankeegroup.com) from Reuters, the company said on Thursday. Founded in 1970, the Yankee Group is a research technology advisory firm. The firm said the acquisition allows it to reaffirm its leadership role in communications and networking research.
r
r
Financial terms of the deal were not disclosed.
r
r
“We could not be more pleased with the outcome of this acquisition and our new partners,” says Brian Adamik, president and CEO of Yankee Group. “Throughout this process we focused on achieving the best outcome for our customers and employees. With access to the resources and relationships made available to us by these investors the Yankee Group has the ability to expand its world class customer service and product portfolio.”
r
r
The group of private investors includes Ted Philip, former president, chief operating officer and chief financial officer of Lycos. He will serve on the company’s board of directors.
r
r
“The Yankee Group has become a premier global brand by establishing a leadership position in its dynamic and constantly evolving market space,” says Mark Thomas, managing director of Monitor Clipper Partners. “As a result, Yankee Group is well situated to grow; both by addressing the ongoing needs of its existing customers for faster, more useful and relevant information, as well as by extending its product reach to serve new markets. Brian and his entire team are creative, talented and ready to roll. We believe there is extraordinary untapped potential here and we are delighted to partner with this team in building the Yankee Group’s future.”
