New York-based technology research and analyst firm The 451 Group, the corporate parent of 451 Research and Uptime Institute, Thursday announced the acquisition of Yankee Group, a research, data and advisory firm that focuses on mobile technology and markets, from Alta Communications, a Boston-based private equity firm.
Yankee Group has forecasted that the mobility market will be a $3 trillion market opportunity by 2016.
Commenting on the acquisition, The 451 Group's Chairman and CEO, Martin V. McCarthy said, "We are delighted to welcome the Yankee Group team to join me and the 200+ current professionals here at The 451 Group. For over four decades, the insights of Yankee Group have served the telecommunications industry and, more recently, the emergent mobility marketplace. Mobility is a huge driver of innovation in business and technology markets globally. Its impact in the evolving enterprise and broader consumer IT marketplaces will fundamentally shape the future expansion and strategy of Digital Infrastructure."
Since 2010, Yankee Group has been led by CEO Terry Waters. Post-acquisition, Waters will continue as CEO of Yankee Group, reporting directly to McCarthy, who will also serve as Yankee Group chairman.
In October 2012, Yankee Group launched a Mobile Advisory and Planning Services (MAPS) product family. MAPS is a research and advisory offering that combines the company's market research with daily insights and weekly thematic perspectives on issues driving the mobile ecosystem.
Post-acquisition, Yankee Group will operate as an independent division of The 451 Group. As such, Yankee Group will join the other divisions of The 451 Group, the 451 Research and Uptime Institute, to provide thought leadership, advisory, data and certification services on the evolution of Digital Infrastructure.