Private Investors Buy Yankee Group

BOSTON -- The Yankee Group, the world's largest research and advisory firm focused exclusively on communications and networking, announced today that it has been acquired from Reuters by Monitor Clipper Partners and a group of private investors. Founded in 1970, the Yankee Group was the world's first research technology advisory firm. For more than 34 years, the Yankee Group has set the industry standard by helping clients go to market and deploy technologies successfully.

"We could not be more pleased with the outcome of this acquisition and our new partners," said Brian Adamik, Yankee Group President and CEO. "Throughout this process we focused on achieving the best outcome for our customers and employees. With access to the resources and relationships made available to us by these investors the Yankee Group has the ability to expand its world class customer service and product portfolio."

"The Yankee Group has become a premier global brand by establishing a leadership position in its dynamic and constantly evolving market space," said Mark Thomas, Managing Director of Monitor Clipper Partners. "As a result, Yankee Group is well situated to grow; both by addressing the ongoing needs of its existing customers for faster, more useful and relevant information, as well as by extending its product reach to serve new markets. Brian and his entire team are creative, talented and ready to roll. We believe there is extraordinary untapped potential here and we are delighted to partner with this team in building the Yankee Group's future."

Yankee Group