Reuters will be divesting its technology research businesses, Yankee Group and Tower Group, according to Outsell’s e-briefs, the e-mail newsletter sent out by Outsell Inc, the information industry market research firm. According to Outsell, “In our opinion this was inevitable, as Reuters continues to struggle as an Outsell 100 underperformer, while the research businesses are likely seen as non-core assets. It confirms Outsell’s long-standing belief that analyst-based firms do not do well under the ownership of large media conglomerates, and our prediction that Yankee would do no better under Reuters than it did as part of Primark.”
In related news, FT reports that Reuters is to cut its 39 per cent stake in Tibco, the US software company…The move forms part of Reuter’s so-called “fast forward” restructuring, which has seen the company reduce its presence in technology solutions in favour of its core financial data, trading systems and treasury management businesses. That programme is expected to deliver £55m of savings this year.
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
Comments have been disabled for this post