Technology news and Jobs 
Telecommunications Yankee Group changes hands, again
Telecommunications Yankee Group changes hands, again | Yankee Group changes hands, again |
|
| by Stuart Corner | |
| Sunday, 20 November 2005 | |
  
The new owners are the latest in a long line since Howard Anderson who founded the business in 1970 sold it to US based information service company, Primark in 1996. After trying unsuccessfully to take the firm public, Primark sold it to Reuters in May 2000 for $US72.5 million. In May 2004 Reuters sold Yankee to Monitor Clipper Partners (which is part of the Decision Matrix Group) and a group of private investors, including, Ted Philip, the former president, COO and CFO of Lycos who said he intended to play an active role in the company. Long-time Yankee Group president and CEO Brian Adamik will step down after a transition period to be replaced by one of the new co-owners, Emily Nagle Green, a research industry executive who served most recently as CEO of Cambridge Energy Research Associates. Financial details were not disclosed. Yankee Group is not presently represented in Australia. Its presence here has been irregular: It had direct representation in Australia from the early 1980s to late 1997 when the office which employed a dozen people, was closed. The firm's research was sold from 1998 to 1999 through a local communications consultancy, Comserve, Yankee then opened a new subsidiary with one of Comserve's principals, Rob Padgett, as its managing director, but that too closed in late 2003. |
Tags
| < Next story in category | Previous story in the category > |
|---|
