Gartner
American research company From Wikipedia, the free encyclopedia
Gartner, Inc. is an American research and advisory firm focusing on business and technology topics. Gartner provides its products and services through research reports, conferences, and consulting. Its clients include large corporations, government agencies, technology companies, and investment firms.
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Headquarters in Stamford | |
| Company type | Public |
|---|---|
| Industry | Business services |
| Founded | 1979 by Gideon Gartner in Stamford, Connecticut |
| Headquarters | Stamford, Connecticut, U.S. |
Key people | |
| Products | |
| Revenue | US$6.27 billion (2024) |
| US$1.16 billion (2024) | |
| US$1.25 billion (2024) | |
| Total assets | US$8.53 billion (2024) |
| Total equity | US$1.36 billion (2024) |
Number of employees | 21,044 (2024) |
| Website | www |
| Footnotes / references [1] | |
Operations
Gartner is a research and advisory firm[2][3][4] with three business segments: research, conferences, and consulting.[5] As of December 2024, Gartner has over 21,000 employees globally and operates in 90 countries and territories.[5] It is headquartered in Stamford, Connecticut.[6] Gene A. Hall is the chief executive officer.[7]
Gartner is a publicly traded company listed on the S&P 500.[8]
History
Summarize
Perspective
1980s
Gideon Gartner and David Stein founded Gartner, Inc. in 1979[9] to provide IT industry research and analysis to businesses buying and selling computer hardware.[10] Gideon Gartner had previously worked at IBM, and his new firm specialized in information about IBM and its products.[11]
Gartner's reports were often delivered as a one-pager containing only high-level insights.[12][13] Gartner analysts developed the Magic Quadrant visual framework of placing companies within defined market quadrants[14] during the early 1980s[15] and began to integrate the methodology into their presentations and later reports.[16]
Gartner initially operated in an office rented from its first client, the New York brokerage house Dillon, Read & Co.[17] By 1983, the firm employed 80 research analysts and generated $8 million in revenue.[17]
In 1985, Gartner's brokerage and investment division separated from the firm to become a wholly owned subsidiary called Gartner Securities.[18] Two years later the name was changed to SoundView Financial Group,[19] which eventually operated as SoundView Technology Group.[20]
In July 1986, Gartner rebranded as Gartner Group and became a publicly traded company.[21][22] In January 1987, Gartner Group acquired another technology research firm, the Cupertino-based Infocorp.[23] That same year Gartner reported $25 million in sales and $1.9 million in earnings.[24]
The U.K.-based Saatchi & Saatchi acquired Gartner Group in 1988.[24][25]
1990s
In 1990, Gartner Group was taken private by Gideon Gartner and other executives[26] in an acquisition deal backed by funding from Bain Capital and Dun & Bradstreet, then a Bain client.[27][28] Under Bain ownership, Gartner refocused on IT industry pricing data and expanded its profit margins from 10 percent to 30 percent.[29] Dun & Bradstreet acquired a majority share in Gartner in 1993.[30]
Gartner went public again in October 1993, with Dun & Bradstreet maintaining a 50 percent stake.[31] The New York Times noted that the firm had become "the key adviser to corporate America as it wrestles with the chaotic world of information technology."[31]
Over the next eight years, Garter acquired or made substantial investments in 30 companies,[32] including the market research firm Dataquest[33] and the online news outlet TechRepublic.[34] The deals were part of a diversification strategy that coincided with the dot-com bubble, and Gartner acknowledged that it struggled to integrate these new companies into its operations.[35] Gartner sold TechRepublic to CNET only a year after acquiring the company.[36]
In 1995, Gartner introduced its hype cycle framework, which purported to show how emerging technology is applied and adopted over a typical life cycle.[37]
2000s–present
In August 2004, Gene A. Hall became Gartner's new CEO,[38] replacing Michael D. Fleisher.[39] Hall previously worked with the consulting firm McKinsey & Company before managing a division at Automatic Data Processing.[40]
In 2008, Gartner reached $1.3 billion in revenues and achieved 40 percent of the IT research market.[41]
In 2009, Gartner acquired AMR Research, a Boston-based research and advisory firm focused on supply chain management.[42] The acquisition of AMR and direct competitors like META Group[43] and the Burton Group[44] allowed Gartner to expand its global operations[45] and product and service offerings.[46]
In March 2014, Gartner announced that it had acquired the privately held company Software Advice for an undisclosed amount.[47] Also in 2014, Gartner coined the term "Digital BizOps" and further developed the early philosophy for digital business operations.[48] In July 2015, Gartner acquired Nubera, the business app discovery network that owns properties like GetApp (a peer review site), AppStorm, AppAppeal, and CloudWork. Terms of the deal were not disclosed.[49] In September 2015, it acquired the privately held peer review site (PRS)[50] Capterra.
In June 2016, Gartner announced that it had acquired the privately held company SCM World, headquartered in London.[51] In 2017, Gartner acquired CEB, an Arlington-based talent management and operations consulting firm, for $2.6 billion.[52] The deal included $700 million in CEB debt.[53] ZDNET noted that "Gartner is paying up because it aims to expand its research and advisory services into more enterprise functions."[53] Two months later, Gartner further expanded its marketing offerings[54] with the acquisition of Scott Galloway's digital benchmarking firm L2.[55]
On May 26, 2023 the Securities and Exchange Commission (SEC) settled charges against Gartner for violating the Foreign Corrupt Practices Act (FCPA). The SEC asserted that from approximately December 2014 through August 2015 Gartner had a corrupt relationship with a South African company with close ties to the South African government which Gartner knew would result in official bribery. [56] In the settlement the SEC ordered Gartner to stop violating the FCPA and Gartner agreed to pay $2,456,764. The SEC made note that Gartner was open and cooperative.[57]
See also
- Gartner hype cycle, a graphical presentation developed by Gartner
- Magic Quadrant, a market research report type published by Gartner
- SoundView Technology Group, founded as a financial service for Gartner
References
External links
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