Ovum has acquired Summit Strategies, a US analyst firm.
According to Ovum, this acquisition helps the company fill a gap in its coverage of utility computing.
At a cost of around $1.2 million that's obviously not the only reason. Chris Dines, Ovum CEO, explained: "Summit Strategies brings to us expertise and products in an important and growing area of the IT market. It allows us to develop a stronger relationship with blue-chip IT vendor customers and further strengthens our position in the US market."
The press release specifically names IBM, HP, and Microsoft as three of Summit's blue-chip clients.
I was talking to an ex-Ovum employee this morning. They were generally positive and highlighted similarities with a previous takeover which proved successful for Ovum:
"It seems like a sensible move, although it's not going to change the world. One interesting thing is that in many ways it mirrors the Holway acquisition - a small team with a vendor/market focus that adds specific geographic weight. Ovum knows it can execute on acquisitions like this and get value in the medium term out of them."
UPDATE:
ARmadgeddon has an interesting view on this. Find it here.
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