Last year, Forrester announced that it had come to an agreement to acquire SiriusDecisions. Now, the research and advisory firm announced that it has completed the transaction and now owns SiriusDecisions.
The acquisition deal was for $245 million in cash, subject to any adjustment. The completion of this acquisition bolsters Forrester’s ability to help business and technology leaders. The combined value of Forrester‘s strategic expertise and SiriusDecisions’ operational capabilities will help leaders know what they should do, why they should do it, and how to do it.
“We’re excited to welcome our SiriusDecisions colleagues into the Forrester family,” said George F. Colony, Forrester’s Chairman and Chief Executive Officer. “We are now laser-focused on seizing on the opportunities this acquisition has created that include cross-selling services to our respective client bases, extending the Sirius Way into new roles, and accelerating international and industry growth.”
The addition of SiriusDecisions is expected to add approximately $100 million to Forrester’s revenue in 2019 on a pro forma basis and is expected to be $0.10 to $0.20 accretive to Forrester’s 2019 pro forma EPS.
When the deal was announced, Colony: “Today’s announcement was driven by our clients. Empowered customers and the disruptive power of technology are forcing business and technology leaders to take decisive action and make deep-rooted changes while delivering quarterly results. The combined value of Forrester’s strategic and SiriusDecisions’ operational capabilities will help our clients change and grow in tumultuous times.”
Sirius’ clients grow 19% faster and are 15% more profitable than their peers and leaders within the companies make more informed business decisions through access to industry analysts, research, benchmark data, peer networks, events, and continuous learning courses.
Upon the completion of the transaction, Colony said:
“To SiriusDecisions clients, I pledge that we will not dilute the amazing service and value that SiriusDecisions has delivered to you for years. We will collaborate with you to improve and widen the Sirius Way — making it available globally, extending it to new disciplines (like IT), and taking it to new industries. To Forrester clients, I am very pleased that we will be able to offer you the Sirius Way as a means of sharpening your customer operations. You won’t be able to win the future without executing at a high level day-to-day — that’s what SiriusDecisions will do for you. We are very excited to bring the powerful combined value of Forrester + SiriusDecisions to the market. Great works lie ahead.”