DorobekInsider

Focusing on six words: Helping government do its job better

Archive for the ‘M&A’ Category

DorobekINSIDER: Is that a ‘for sale’ sign at market research firm Input?

leave a comment »

Input, the market research firm, has opened the door to potential buyers, insiders and industry sources say.

While the privately held company has been in talks before, nothing panned out.

Input officials had no comment noting that Input is a privately held company and therefore, they tend not to comment on these kinds of topics. But insiders did note that “INPUT is a strong performer in a hot sector and naturally is an attractive asset.”

Input board chairman Peter Cunningham has held sales talks before, but nothing ever came of it. But Cunningham might believe now is the right time.

The shop talk comes after media giant Bloomburg purchased Eagle Eye Publishers, a much smaller market research firm, as marketing guru Mark Amtower reported. And, in fact, Bloomburg is seeming to growing its government focus. Last month, Bloomberg announced that Kevin Sheekey is rejoining the company as chairman of the government-oriented division. He will also oversee government relations and communications. It is unclear exactly what Bloomberg plans to do in the government market, but FishbowlDC has reported that the company is looking to take on the other so-called Hill rags.

I can’t imagine why one would want to jump into that already crowded market, which already has Politico, Roll Call, Congressional Quarterly, The Hill… and others like, say, the Washington Post. There is, however, much less of a focus on the business of government market. Washington Technology covers the business of government IT, but there are few others. The Washington Post has dramatically reduced its business coverage, and the Washington Business Journal, which seems like the other logical contender, has not really jumped into that space.

Who might be potential buyers?

Aside from those, 1105 Media’s Neal Vitale, owner of the 1105 Government Information Group, had said publicly that he saw market research as an important part of a government media organization to add it’s print, Web and events businesses.

Government Executive‘s research and “thought leadership” division, the Government Business Council, has been doing more business with research, but it is unclear how much GovExec’s parent, Atlantic Media, is interested in investing beyond its current holdings.

Some Input facts from the company’s Web site:

INPUT helps buyers buy and vendors sell in the government marketplace. We are committed to promoting collaboration between government and industry for the benefit of all.

Year Founded: 1974, privately held

Headquarters: Reston, Virginia

# of Employees: 160

Stay tuned.

Written by cdorobek

April 1, 2010 at 1:09 PM

Another big merger: Deloitte buys struggling BearingPoint

leave a comment »

BearingPoint, which had filed for bankruptcy protection just weeks ago, this morning announced that the company had been sold — to Deloitte, no less. At least the public sector portion of it.

From the release :

BearingPoint and Deloitte have entered into an asset purchase agreement by which Deloitte will purchase a significant portion of BearingPoint’s largest business unit, Public Services, for a price of $350 million… In addition, BearingPoint has signed a non-binding letter of intent to sell a substantial portion of its North American Commercial Services business, including its Financial Services segment, to PricewaterhouseCoopers LLP for $25 million.

From the WSJ:

BearingPoint had been reporting weakened results for some time and in late 2007 named a new chief executive in hopes of turning around its fortunes. Results improved in 2008, but the company — spun off from accounting firm KMPG LLP in 2001 — continued to be affected by dwindling cash levels, which fell nearly one-third the first three quarters of 2008 to $333 million, and an inability to generate cash flow.

For its part, Deloitte said the acquisition would accelerate the expansion of its federal-government services business, which has seen strong growth in the past five years.

Written by cdorobek

March 24, 2009 at 6:46 AM

Hearing from Bruce McConnell about Bruce McConnell

with one comment

I mentioned late last night that Bruce McConnell has agreed to sell his companiesMcConnell International and Government Futures — to Clinton Rubin LLC, a management consulting firm in Pennsylvania.

Early this morning, I got this note from McConnell:

I am pleased to announce that my two firms, Government Futures and McConnell International, have been acquired by Clinton Rubin, LLC, a management consulting firm based near Philadelphia. As you will see, the combined company offers exciting new services and value to government-facing clients. I will continue to be involved as an adviser and consultant.

On a more personal note, I have come to believe that our planet is at a profound turning point. The challenges we face as human beings and as a nation create daunting yet wonderful opportunities to collaborate in new ways, if we open to them. I believe my best contribution is to continue to find common ground among diverse worldviews, and to be a catalyst where business, government, and technology collide and react to create a better world. I welcome your ideas and inspirations.

McConnell — even while he was at OMB — has been one of the people who looked at technology as a way of enabling organizations to accomplish their missions. And like me, he is fascinated by what Web 2.0 means for government. I hope he stays actively involved in those issues — and others.

And… congratulations.

Written by cdorobek

October 14, 2008 at 8:15 AM

Posted in Industry, M&A

Tagged with , ,