Creates a robust platform that helps companies adapt and grow in the age of the customer
Cambridge, Mass., January 3, 2019 . . . Forrester (Nasdaq: FORR), one of the most influential research and advisory firms in the world, announced today that it has completed its previously announced acquisition of SiriusDecisions, a leading business-to-business research and advisory firm for $245 million in cash, subject to adjustment.
The completion of this acquisition enhances Forrester’s ability to help business and technology leaders take decisive action and make the far-reaching changes needed to compete in the age of the customer. The combined value of Forrester’s strategic expertise and SiriusDecisions’ operational capabilities will help leaders know what they should do, why they should do it, and how to do it.
“We’re excited to welcome our SiriusDecisions colleagues into the Forrester family,” said George F. Colony, Forrester’s chairman and chief executive officer. “We are now laser-focused on seizing on the opportunities this acquisition has created that include cross-selling services to our respective client bases, extending the Sirius Way into new roles, and accelerating international and industry growth.”
As previously noted, the addition of SiriusDecisions is expected to add approximately $100 million to Forrester’s revenue in 2019 on a pro forma basis and is expected to be $0.10 to $0.20 accretive to Forrester’s 2019 pro forma EPS.
For more information on the acquisition, read George F. Colony’s blog post.