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Acquisition

4 Apr 2011 07:01

RNS Number : 1961E
YouGov PLC
04 April 2011
 



4 April 2011

 

 

Acquisition of Definitive Insights extends YouGov's presence

in US corporate market research

- brings expertise in information technology and marketing science

 

Highlights

  

·; YouGov plc, the international online market research agency, announced today that it has agreed to acquire Definitive Insights ("DI"), a strategic market research consultancy based in Portland, Oregon.

·; This acquisition will further boost YouGov's business in the US corporate research market adding a West Coast presence that complements the Harrison Group and Marketing Insights units based in the Eastern US that can easily be supported by YouGov's US operations team in Palo Alto, California

·; DI is a custom research and consulting company focussed on serving industries such as information technology, pharmaceuticals, financials services and energy. The majority of its data collection is conducted online. DI's research specialisms include market assessment, product and price optimization, customer satisfaction and advanced analytics. Its major clients include leading global IT groups, a global pharmaceutical business and a leading US electric utility company.

·; DI was founded in 2009 by four eminent market researchers who have held leadership positions at global research firms and major consumer brands and have a record of innovation in research approaches and methodologies. They and their 14 staff will all be joining YouGov's US team. DI's revenues in 2010, its first full year of operation, were $4 million (£2.5 million).

·; The initial purchase consideration payable for DI will be £0.6 million ($1 million) with additional earn-out payments dependent on the performance of the business during the two years ended 31 January 2013. The total purchase consideration based on DI's business plans is expected to be approximately £3 million.

 

·; The YouGov Board believes that the benefits of this acquisition include:

o enhancement of earnings in the first full year after acquisition;

o new blue-chip customers in key sectors that add to our existing US customer base;

o extension of YouGov's reach within the $8bn corporate market research sector in the United States;

o the opportunity further to leverage YouGov's proprietary technology, online panel and analytics capability in the US market.

  

Background to and reasons for the Acquisition

 

YouGov has made good progress developing its business in the US. It has a high quality engaged panel, a track record for accuracy through its polling, and following the acquisition of Harrison Group in August 2010 has expanded its US corporate market research business. YouGov's syndicated products, including BrandIndex, have grown sales as well as customers, who understand the competitive advantage they can derive from real time, accurate data.

 

With the addition of DI, YouGov will have ninety staff in the US and more than 460 worldwide.

 

Commenting on the acquisition, Stephan Shakespeare, CEO of YouGov, said:

 

"Definitive Insights will further help us to scale up the Group's commercial market research business in the USA. The excellent reputation of the founders and their staff and the high quality of their work is reflected in a superb client list which they have built up rapidly since DI was set up. We are very pleased to add DI to our growing US and global network."

  

Doss Struse, Managing Partner of Definitive Insights, commented:

 

"Definitive Insights and YouGov share a vision for creating a research business driven by innovation and passion that delivers tangible results for clients. YouGov has demonstrated internationally its leadership in online research quality and accuracy and has created a platform for research excellence. Becoming part of YouGov gives Definitive Insights scale and global reach, which are important to our key clients."

 

 

Enquiries:

 

YouGov plc

Stephan Shakespeare / Alan Newman

+44 (0)20 7012 6000

 

Definitive Insights

Doss Struse

 

Financial Dynamics

+1 503 575 7853

Charles Palmer /

+44 (0)20 7831 3113

Grant Thornton Corporate Finance - Nominated Adviser

Gerry Beaney / Colin Aaronson

+44 (0)20 7383 5100

Numis

James Serjeant/ Nick Westlake

+44 (0)20 7260 1000

About YouGov plc

YouGov is an international, full-service research company with operations in UK, US, Germany, Scandinavia and Middle East. It primarily uses online panels to provide quantitative and qualitative research across a range of industries, including consumer products, financial services, public sector, technology and telecom and media. YouGov's full service offerings span added-value consultancy, syndicated research products, market intelligence reports, omnibus and field and tab services.

YouGov has been acclaimed as one of the world's most accurate pollsters and dominates Britain's media polling. One of the most quoted agencies in Britain, YouGov has a well-documented and published track record illustrating the success of its survey methods and quality of its client service work.

For further information visit http://corp.yougov.com.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
ACQUORRRABASRUR
Date   Source Headline
22nd Oct 200711:45 amRNSNotification of Interests
11th Oct 20074:26 pmRNSNotification of Interests
8th Oct 20077:01 amRNSNotification of Interests
8th Oct 20077:01 amRNSPreliminary Results
1st Oct 20078:39 amRNSTotal Voting Rights
28th Sep 20079:02 amRNSRe Joint Venture
14th Sep 20074:50 pmRNSCompletion of Acquisition
10th Sep 20079:16 amRNSHolding(s) in Company
6th Sep 20072:27 pmRNSHolding(s) in Company
3rd Sep 20079:37 amRNSResult of EGM
24th Aug 20071:54 pmRNSJoint Venture
17th Aug 20076:33 pmRNSCompliance with AIM Rule 26
9th Aug 20074:06 pmRNSCreation of YouGovAlpha
9th Aug 20074:00 pmRNSDissolution of JV
7th Aug 20077:00 amRNSPlacing and Acquisitions
27th Jul 20077:00 amRNSAcquisition
19th Apr 20073:52 pmRNSDirector/PDMR Shareholding
18th Apr 20073:07 pmRNSIssue of Equity
10th Apr 20077:05 amRNSExercise of share options
10th Apr 20077:04 amRNSResult of EGM
10th Apr 20077:02 amRNSInterim Results
23rd Mar 20077:00 amRNSShare split
16th Mar 20073:16 pmRNSInterim Analyst Presentation
1st Mar 20078:00 amRNSJoint Venture
30th Jan 20077:00 amRNSDirector/PDMR Shareholding
29th Jan 20073:19 pmRNSDirector/PDMR Shareholding
19th Jan 20075:12 pmRNSIssue of Equity
19th Jan 20075:06 pmRNSHolding(s) in Company
15th Jan 20074:20 pmRNSDirector/PDMR Shareholding
15th Jan 20077:00 amRNSAppointment
12th Jan 20074:13 pmRNSHolding(s) in Company
15th Dec 20065:01 pmRNSTotal Voting Rights
11th Dec 20069:57 amRNSDirector/PDMR Shareholding
8th Dec 20062:01 pmRNSDirector/PDMR Shareholding
8th Dec 20067:01 amRNSAcquisition
5th Dec 20064:56 pmRNSHolding(s) in Company
23rd Nov 20066:25 pmRNSHolding(s) in Company
13th Nov 20062:17 pmRNSHolding(s) in Company
17th Oct 200611:02 amRNSHolding(s) in Company
13th Oct 20061:26 pmRNSDirectors' Dealings
9th Oct 20067:00 amRNSFinal Results
4th Aug 200610:57 amRNSNotice of Results
4th Aug 200610:51 amRNSHolding(s) in Company
31st Jul 20067:00 amRNSAcquisition
19th Jul 20062:29 pmRNSHolding(s) in Company
19th Jul 20067:08 amRNSDirectors Dealings Amendment
17th Jul 200611:58 amRNSDirectors Share Dealing
26th Jun 200610:25 amRNSTrading Statement
1st Jun 20067:03 amRNSChange of Adviser
3rd Apr 20067:02 amRNSInterim Results

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