Forrester Acquires JupiterResearch

Combined Companies to Provide Enhanced Offerings to Marketing & Strategy Professionals

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Forrester Research, Inc. (Nasdaq: FORR) today announced that it has acquired JupiterResearch, LLC, and its parent company, JUPR Holdings, Inc., from MCG Capital Corporation (Nasdaq: MCGC) for $23 million in cash plus assumed liabilities, subject to post-closing adjustments, in a strategic purchase that complements Forresters syndicated business model. JupiterResearch has 83 employees and 2007 revenues of approximately $14 million. Forrester, with 2007 revenues of $212 million, now has more than 1,000 employees. JupiterResearch joins Forresters Marketing & Strategy Client Group, which contributed $46.4 million to Forresters total revenue in 2007.

“For a quarter of a century, Forrester has been a trusted advisor to many of the top businesses and organizations in the world, and we are honored to bring the best of JupiterResearch to the Forrester name.”

Uniting JupiterResearch and Forrester brings together the two leading research brands used by Marketing & Strategy executives, said George F. Colony, Forresters chairman of the board and chief executive officer. JupiterResearch enhances our existing role-based strategy and offerings to bring unprecedented value to Forresters Marketing & Strategy clients. We welcome JupiterResearch employees and clients to Forrester.

Forrester serves marketing and strategy, IT, and technology industry leaders across 19 professional roles. The addition of JupiterResearch will fortify Forresters existing data-driven insight, forward-looking research and analysis, objective advice, and best practices for Marketing & Strategy professionals globally. These professionals include CMOs, consumer market researchers, consumer product strategists, customer experience experts, direct marketers, interactive marketers, and eBusiness and channel specialists at major companies.

Like Forrester, JupiterResearch provides business professionals with syndicated research, analysis, and advice backed by proprietary data. JupiterResearch has a substantive and growing library of syndicated research and strong consumer data and excels at market forecasting.

Acquiring JupiterResearch is a significant step in our growth strategy for the Marketing & Strategy segment of Forresters business, said Dennis van Lingen, managing director of Forresters Marketing & Strategy Client Group. JupiterResearchs established offering, well-respected research team, and strong sales organization complement Forresters and solidify our long-standing leadership position as advisors to Marketing & Strategy professionals worldwide.

We are very excited to be joining the Forrester brand, culture, and community, said David Schatsky, president, JupiterResearch. For a quarter of a century, Forrester has been a trusted advisor to many of the top businesses and organizations in the world, and we are honored to bring the best of JupiterResearch to the Forrester name.

Forrester will discuss the JupiterResearch acquisition today at 11 a.m. ET as part of the companys second-quarter earnings call. Investors interested in listening to the Webcast can preregister at https://www.theconferencingservice.com/prereg/key.process?key=PUGCD66A 3.

(Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)

During the JupiterResearch acquisition, Forrester was represented by The Jordan, Edmiston Group, Inc., a New York City-based investment bank that specializes in the media and information industries.

About Forrester Research

Forrester Research, Inc. (Nasdaq: FORR) is an independent research company that provides pragmatic and forward-thinking advice to global leaders in business and technology. Forrester works with professionals in 19 key roles at major companies providing proprietary research, consumer insight, consulting, events, and peer-to-peer executive programs. For more than 25 years, Forrester has been making IT, marketing, and technology industry leaders successful every day. For more information, visit www.forrester.com.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements, which include statements about the benefits of acquisitions, 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 anticipate business and economic conditions, technology spending, market trends, competition, industry consolidation, the ability to attract and retain professional staff, possible variations in Forresters quarterly operating results, risks associated with Forresters ability to offer new products and services, and Forresters dependence on renewals of its membership-based research services and on key personnel. 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.

© 2008, Forrester Research, Inc. All rights reserved. Forrester is a trademark of Forrester Research, Inc.

Contacts

Forrester Research, Inc.
Karyl Levinson, + 1 617-613-6262
Vice President, Corporate Communications
press@forrester.com
or
Michael A. Doyle, + 1 617-613-6234
Chief Financial Officer
investor@forrester.com

Better Be Business Wired.

Business Wire is the leading source for press releases, photos, multimedia and regulatory filings from companies and groups throughout the world.