Current Analysis buys ARS, targets new markets
- By William Welsh
- Jan 22, 2003
Current Analysis Inc. has expanded its market intelligence capacity with the acquisition of ARS Inc. Terms of the deal announced Jan. 22 were not disclosed.
The acquisition of ARS of La Jolla, Calif., will assist Current Analysis of Sterling, Va., with its intelligence advisory capacity for the IT hardware, components, and consumer electronics hardware and services industries, the company said. Both companies have worldwide clients with data collection and analytical presence in the United States and Europe.
Following the acquisition, ARS will continue to operate as an independent, wholly owned subsidiary of Current Analysis and will retain its brand.
Jeff Swartz, president and chief executive officer of Current Analysis, said the intelligence collection methodologies of ARS combined with the analytical model of Current Analysis will provide the company's customers with better market intelligence.
Mike Hagan, ARS' president and chief executive officers, will continue as president of ARS and report to Swartz. He also will serve on Current Analysis' executive committee.
The company will have about 150 employees and more than 275 customers, including telecom equipment manufacturers, telecom service providers, consumer electronics companies as well as systems integrators, financial institutions and government agencies.
William Welsh is a freelance writer covering IT and defense technology.