So, yet more consolidation in the analyst world with the news today about Informa's planned acquisition of Datamonitor. Informa is set to pay £502 million.
You can see the announcement on both sites, Informa and Datamonitor.
The FT is reporting that "Michael Danson, chief executive of Datamonitor, will remain in post for 12 months...The future management structure will be decided over the next six months but Datamonitor will remain a standalone company and its brand will be retained."
The Telegraph has Danson saying that "the deal was principally about revenue synergies, not cost savings...most jobs at Datamonitor, aside from the finance director and a few non-executive directors, were likely to remain safe."
Thanks to Jonny.
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I worked in Datamonitor for a few years. The businesses will complement well as some Informa sectors are strong (i.e. transport/logistics) where these are weak in Datamonitor. And vice versa. Then there is the upsell/cross sell of products/services into both customer bases. Datamonitor does not do conferences or exhibitions and Informa can see a growth area here, using Datamonitor's customer base. Datamonitor is valued highly because of recurring stable subscription revenues, plus it embarked on a mass-distribution strategy a few years back. It is not technology led, so competes in various spaces with many data solutions providers, not just Gartner. The recent acquisitions have helped it grow both from a customer perspective, but also from an attractiveness point of view.
My personal view, however, is that their products are overpriced and they recut and 'repurpose' a lot of data. Oh, and I am sure Mike Danson is grinning a lot more than usual.
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