Springboard Buys Australian IT Analyst Hydrasight

IT specialist Springboard Research has acquired Hydrasight, an independent IT industry analyst firm in Australia. Terms of the deal were not disclosed.

Founded in 2004 by two former IDC executives, Dane Anderson and Chris Perrine, Springboard now has a worldwide presence with offices in the US, Australia, Singapore, China and Japan, as well as global research centres in India, Pakistan, and Morocco.

Sydney-based Hydrasight, which was launched in 2005 by Research Director John Brand, offers research and advisory services to help organisations optimise IT budgets and lower IT project risks.

Post-acquisition, Brand will drive a new end-user focused capability for Springboard, that will draw on the strengths of both companies.

Springboard says that the merger will provide a 'significant Asia Pacific based and focused alternative' for the provision of IT industry research services.

'The acquisition of Hydrasight enables us to deliver new research services tailored to the unique end user needs of commercial enterprises and public sector organisations in the Asia Pacific region,' explained Anderson, CEO and EVP of Research for Springboard.

Integration of the two firms is expected to be completed by midyear 2010, until when, Hydrasight will continue to operate as normal.

Web sites: www.springboardresearch.com and www.hydrasight.com .