MR software companies Confirmit and Pulse Train are to consolidate their businesses and product portfolios.
The firms say the move will accelerate development and technological leadership in their specialist fields. Kjell Øksendal, Confirmit's VP Marketing, told DRNO Confirmit would remain as a listed company, but the final decision about the new name would be taken by representatives from both firms. 'Regardless of this, both Confirmit and Pulse Train have very strong brands which have to be considered by the joint company.'
The new entity will have 200 employees, headquarters in Oslo and offices in Guildford, London, Moscow, New York, Yaroslavl, and San Francisco. Confirmit's CEO Henning Hansen will be the CEO of the integrated companies and Pulse Train's CEO Pat Molloy will serve on the executive management team.
Describing the synergies between the two companies, Hansen said: 'By bringing the businesses and the product portfolios together; we are in a position to better serve the growing global market for MR and EFM software. The combined company will have the largest and most experienced R&D team in our industry, and the market can expect significant innovations and operational value in the time to come.'
Molloy responded: 'Our product vision is to offer one complete platform with an elegant, modern architecture for any quantitative market research project or feedback process, regardless of data collection mode or methodology.'
Confirmit changed its name in March this year (www.mrweb.com/drno/news6521.htm ), and became a public company listed on Oslo Stock Exchange in December 2005. As well as survey software it specialises in Enterprise Feedback Management (EFM). Pulse Train is best known for its Bellview® suite of data collection products used by more than 140 organisations in 30 countries. The companies are online at www.confirmit.com and www.pulsetrain.com .