Forrester Research buys a rival for $23 million

Forrester Research Inc., of Cambridge, has purchased a rival, Jupiter Research LLC, of New York, in a $23 million deal that continues the recent wave of consolidation sweeping the technology research sector.

The acquisition is expected to better position Forrester against its larger rivals Gartner Inc., of Stamford, Conn., and International Data Corp., of Framingham.

Forrester today said it will buy Jupiter and its parent company, JUPR Holdings Inc., from MCG Capital Corp.

Jupiter has 83 employees and 2007 revenue of $14 million. Forrester has more than 1,000 employees and reported revenue of $212 million last year.
(By Robert Weisman, Globe staff)