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Ovum recently announced the acquisition of Summit Strategies Inc, a US-based
IT research business. This acquisition is in line with its stated growth
strategy to build the business and expand its product offering and expertise
both organically and through the acquisition of specialist, high quality
businesses.
Ovum, is a provider of research, advisory and consulting services in the
global Information, Communication and Technology (ICT) sector and Summit
Strategies is a research, advisory and consulting group focused on the
disruptive changes that affect IT vendors' market, channel and competitive
strategies.
The offerings of Summit Strategies are complementary to those of Ovum.
Chris Dines, CEO, Ovum, said, “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.”
Tom Kucharvy, President, Summit Strategies said, “We plan to use Ovum's
deep understanding of software and service delivery technologies to bring new
depth to our industry marketing analysis, their outsourcing skills to complement
our broad IT services focus and their global perspective to expand our
traditional North American focus.”
Summit Strategies, which generated turnover of $1.9m for the year ended Dec
31, 2005 has an client base of blue-chip IT companies including IBM, HP, and
Microsoft.
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