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451 Group acquires Yankee Group

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New York—Technology research company 451 Group has acquired Boston-based research, data and advisory company Yankee Group from equity company Alta Communications. Financial terms of the deal were not disclosed. Yankee Group, which provides research on IT technologies with a recent focus on mobile, will retain its name and function as an independent unit of 451 Group, which also owns 451 Research and data-center consultancy Uptime Institute. Yankee Group CEO Terry Waters will remain in that position. The acquisition, 451 Group said in a statement, will expand 451 Group's Mobile Advisory and Planning Services platform with a focus on mobile devices, applications and broadband.
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