Datamonitor
{{Short description|Market intelligence company}}
{{Infobox company
| name = Datamonitor
| logo = Datamonitor Logo.gif
| type = Subsidiary
| genre =
| foundation = {{sda|1989}}
| founder = {{unbulleted list|Mike Danson|Doug Wilson}}
| location_city = London
| location_country = United Kingdom
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| area_served = Global
| key_people =
| industry = Market Intelligence
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| parent = Citeline
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| homepage = {{URL|http://www.datamonitor.com}}
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}}
Datamonitor is an international company providing market intelligence, data analysis, and opinion via a worldwide network of in-house analysts. The company tracks Automotive, Consumer Markets, Energy & Utilities, Financial Services, Logistics & Express, Pharmaceutical & Healthcare, Retail, Technology, Sourcing and Telecommunications markets. Its website claims to have over 6,000 clients, which it helps make strategic and operational decisions. Datamonitor was acquired in 2007 by Informa for £513 million in cash.{{cite news|author1=Carlos Grande |author2= Andrew Edgecliffe-Johnson|title=Datamonitor accepts £513m bid |url= http://www.ft.com/cms/s/0/81739dae-01e9-11dc-ac32-000b5df10621.html | work=Financial Times |date=May 14, 2007}}
History
The company was founded in 1989 by Mike Danson and Doug Wilson, with its first report covering the UK Frozen Food Industry. The company then expanded its coverage to include a number of markets and industries, having secured further business intelligence companies. In 1995, it expanded into the U.S. market by opening an office in New York. In 1999, it opened an office in Frankfurt, Germany, and Hong Kong.{{cite web |title=Our History |url=http://about.datamonitor.com/corporate/history.htm |website=Datamonitor |access-date=14 February 2015 |url-status=dead |archive-url=https://web.archive.org/web/20150217005925/http://about.datamonitor.com/corporate/history.htm |archive-date=17 February 2015 }} In November 2000 Datamonitor went public on the London Stock Exchange.{{cite news|author1=Joanne Wallen|title=Energetic year for Datamonitor|url=http://citywire.co.uk/money/energetic-year-for-datamonitor/a219928|work=Citywire Money|date=February 26, 2001}}{{cite news|title=Datamonitor PLC – Final Results|url=http://www.investegate.co.uk/article.aspx?id=200102260700434659Z|work=FE Investegate|date=26 February 2001}}
In 2007, Datamonitor was acquired by Informa (FTSE: INF) in 2007 for £513 million in cash, a surprisingly large amount considering it was "a multiple of more than seven times Datamonitor’s revenue". In 2011, Informa closed down Datamonitor offices in Hyderabad, India, and Dubai,{{citation needed|date=February 2015}} which had been opened in 2006 and 2007, respectively. In February 2015, parent company Informa wrote down Datamonitor's value of by almost 40%, and Informa CEO Stephen Carter said that it was considering selling "some of the 'consumer forecasting' businesses that were part of the Datamonitor deal".{{cite news|last1=Cookson |first1=Robert |title =Informa writes down value of Datamonitor by almost 40%| url = http://www.ft.com/intl/cms/s/0/49aed382-b2a0-11e4-b234-00144feab7de.html | work=Financial Times|date=February 12, 2015}}
On 27 July 2015 Progressive Digital Media, a business chaired by Datamonitor founder Mike Danson, announced that it had agreed to acquire Datamonitor Financial, Datamonitor Consumer, MarketLine and Verdict businesses from Informa for a combined cash price of £25m.[https://web.archive.org/web/20160307215833/http://uk.reuters.com/article/idUKASN00093Z20150727 "Progressive Digital Media to buy some assets from Informa"]. Reuters. 27 July 2015. Datamonitor Healthcare and Datamonitor Energy remained businesses of Informa plc.
In 2022, Informa sold its Pharma Intelligence division, including Datamonitor Healthcare, to Warburg Pincus.{{cite web | url=https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/informa-sells-pharma-intelligence-to-warburg-pincus-for-163-1-9b-68841075 | title=Informa sells Pharma Intelligence to Warburg Pincus for £1.9B }} The business was renamed Citeline. Later in 2022, Citeline was acquired by Norstella.{{Cite web|url=https://pharmaintelligence.informa.com/resources/product-content/citeline-and-norstella-unite-to-offer-life-sciences-clients-a-full-suite-of-commercial-and-clinical-solutions|title=Citeline and Norstella Unite to Offer Life Sciences Clients a Full Suite of Commercial and Clinical Solutions|accessdate=26 March 2023}}
Acquired companies
- Computerwire (2002)
- Productscan Online (2004)
- {{proper name|eBenchmarkers}} (2004)
- Butler Research Group (2005)
- Verdict Research (2005)Shah, Saeed, [https://web.archive.org/web/20090331152243/http://www.independent.co.uk/news/business/news/retailing-guru-nets-16347m-from-sale-of-verdict-507441.html "Retailing guru nets £4.7m from sale of Verdict"], The Independent, 19 May 2005
- Ovum Ltd. (2006)Wilson, James, [http://www.ft.com/cms/s/0/25d6d352-60a0-11db-a716-0000779e2340.html "Ovum is bought for £42m to strengthen technology"], Financial Times, 21 October 2006
- Life Science Analytics (2006)
- Brown Wilson Group (2009)[http://www.entrepreneur.com/tradejournals/article/203026166.html "Datamonitor acquires Brown-Wilson Group"], Entrepreneur.com, May 2009
- Packtrack (2010)[http://www.packagedesignmag.com/content/datamonitor-group-acquires-research-organization-pack-track "Datamonitor Group Acquires Research Organization Pack-Track"]. Package Design Magazine, 5 May 2010. {{Webarchive|url=https://web.archive.org/web/20160303202756/http://www.packagedesignmag.com/content/datamonitor-group-acquires-research-organization-pack-track|date=2016-03-03}}
Many of the acquired companies continue to have an independent brand presence within Datamonitor.
References
{{Reflist}}
External links
- [http://www.datamonitor.com Company website]
{{Authority control}}
Category:British companies established in 1989
Category:Business services companies established in 1989
Category:1989 establishments in England