LONDON: Ovum plc today 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. 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 and fill a gap in the area of utility computing. Chris Dines, CEO of 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 of 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 that ended 31 December 2005 has a client base of blue-chip IT companies including IBM, HP, and Microsoft. All the analysts of Summit Strategies will be retained by Ovum and will be supported by Ovum's analyst, customer support and sales teams. © CyberMedia News
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