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Gartner Acquires Solista Global, LLC
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STAMFORD, Conn., October 4, 2000 - Gartner Group, Inc. (NYSE: IT and ITB), today announced the acquisition of Solista Global, LLC, a leading provider of strategic consulting services that merges technology and business expertise to help clients build successful strategies for the digital world. Solista enhances Gartner's fastest growing business, Gartner Consulting. The acquisition has been completed. Terms of the deal were not disclosed.
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Based in Boulder, Colorado, Solista has a regional office in Amsterdam, The Netherlands. Solista, founded in 1998 as Electronic Commerce Associates, has a special focus on the convergence of Internet, broadband and wireless technologies. Solista's target clients are business executives seeking competitive advantage by using leading edge technologies. Solista's primary services include strategic planning, technology assessment and planning, research, and education. The company's deep technology expertise and trusted advisory services have allowed it to grow rapidly in the global consulting marketplace. Solista's skill in formulating and refining technology-enabled business strategies has contributed to the success of clients' new business initiatives including:
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- Advising leading North American and European providers of broadband services with state-of-the-art digital TV strategies and related architecture services
- Formulating an innovative Internet strategy and scalable, multichannel, content architecture for a top-five global bank
- Developing the strategy and architecture for an innovative pan-European business model based on wireless technologies
- Supporting a variety of dot-com entrepreneurs on winning approaches to capital markets through effective technology and business planning
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"Solista delivers the independent consulting expertise and research that are hallmarks of the Gartner brand," said Bill McDermott, president of Gartner. "By building and buying only the most prestigious research and services, we will continue to expand to help meet the high demand for Gartner services."
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"Gartner's stellar brand name, global scope and deep intellectual capital will help us better serve our clients," said Tim Enwall, CEO of Solista. "As a part of Gartner, Solista will be even better positioned to help our clients prosper in the hyper-competitive, new economy."
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"Our firms are well aligned in our diligent pursuit of client-centered objectivity and our expertise with the advanced technologies that are transforming businesses and industries," said James Brancheau, cofounder of Solista.
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For more information about Solista, visit www.solista.com.
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About Gartner
Gartner provides unrivaled thought leadership for more than 10,000 organizations, helping clients to achieve their business objectives through the intelligent and efficient use of technology. Additionally, Gartner helps technology companies identify and maximize technology market opportunities. Gartner's technology content and strong brand reach IT professionals globally through Gartner Research, its research and advisory unit, Gartner Services, its custom consulting unit; Gartner Events, including Gartner's renowned Symposia; and, at www.gartner.com. Gartner subsidiary TechRepublic, Inc. (
www.techrepublic.com) is the leading online destination developed exclusively for IT professionals by IT professionals. Gartner, founded in 1979 and headquartered in Stamford, Connecticut, achieved fiscal 1999 revenues of $734 million. Gartner's 4,000 associates, including 1,200 research analysts and consultants, are in more than 80 locations worldwide. For more information about Gartner's industry-leading products and services, please visit us on the Web at www.gartner.com.
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Certain statements contained herein, including statements regarding the development of the company's services, markets and future demand for the company's services and other statements regarding matters that are not historical facts, are forward-looking statements (as defined in the Private Securities Litigation Reform Act of 1995). Such forward-looking statements include risks and uncertainties; consequently, actual results may differ materially from those expressed or implied thereby. Factors that could cause actual results to differ materially include, but are not limited to, ability to attract and retain professional staff of research analysts upon whom the company is dependent, ability to effectively manage growth, the ability to achieve continued customer renewals and achieve new contract growth in light of potentially adverse economic conditions and competitive pressures, ability to integrate operations of possible acquisitions, ability to carry out the company's strategic initiatives and manage associated costs, ability to manage the company's strategic partnerships, rapid technological advances, substantial competition from existing competitors and potential new competitors, risks associated with intellectual property rights important to the company's products and services, additional risks associated with international operations including foreign currency fluctuations and other risks listed from time to time in the company's reports filed with the Securities and Exchange Commission. Forward-looking statements included herein speak only as of the date hereof and the company undertakes no obligation to revise or update such statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events or circumstances.
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