Frost & Sullivan
Encyclopedia
Frost & Sullivan, Inc. is an American firm which provides market research
& analysis, growth strategy consulting and corporate training services. Its headquarters are located in San Antonio, Texas
, with offices in over 20 countries across the world.
in 1961.
The company was initially focused on research related to new technologies, distribution channels and business trends. In 1972, it started a corporate training division. Also in the 1970s, the company started sponsoring conferences and industry meets. The company also expanded outside the US in the 1970s by opening an office in London
.
In 1982, Frost & Sullivan was publicly traded, and had annual revenues of $9.1 million. By 1987, the revenues had grown to around $17.5 million, with $290,000 in net earnings. Theodore Cross
acquired 53% of the company's stock in the mid-1980s. The company merged with a subsidiary of FAS Acquisition Co. in January 1988.
The company expanded to Asia in the 1990s by opening offices in China, Japan, India and Singapore. In 1997, it entered into a joint venture
with M.A.I.D. (later acquired by Dialog
) for electronic distribution of its material. In 2002, it further expanded its alliance with Dialog. In 1998, the firm moved its headquarters from New York to San Antonio, Texas.
In 2001, it acquired Technical Insights. The same year, Frost & Sullivan lost its New York sales office in the September 11 attacks. The following recession forced the company to layoff 10% of its 700-strong staff, before it made a recovery.
Market research
Market research is any organized effort to gather information about markets or customers. It is a very important component of business strategy...
& analysis, growth strategy consulting and corporate training services. Its headquarters are located in San Antonio, Texas
San Antonio, Texas
San Antonio is the seventh-largest city in the United States of America and the second-largest city within the state of Texas, with a population of 1.33 million. Located in the American Southwest and the south–central part of Texas, the city serves as the seat of Bexar County. In 2011,...
, with offices in over 20 countries across the world.
History
The company was founded by David L. Sullivan in New YorkNew York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
in 1961.
The company was initially focused on research related to new technologies, distribution channels and business trends. In 1972, it started a corporate training division. Also in the 1970s, the company started sponsoring conferences and industry meets. The company also expanded outside the US in the 1970s by opening an office in London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
.
In 1982, Frost & Sullivan was publicly traded, and had annual revenues of $9.1 million. By 1987, the revenues had grown to around $17.5 million, with $290,000 in net earnings. Theodore Cross
Theodore Cross
Theodore Lamont Cross II was an American lawyer, civil rights activist, publisher, investor, and bird photographer.-Early life:Cross served as a naval officer in the Pacific War of World War II...
acquired 53% of the company's stock in the mid-1980s. The company merged with a subsidiary of FAS Acquisition Co. in January 1988.
The company expanded to Asia in the 1990s by opening offices in China, Japan, India and Singapore. In 1997, it entered into a joint venture
Joint venture
A joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets...
with M.A.I.D. (later acquired by Dialog
Dialog (online database)
Dialog is an online information service owned by ProQuest, who acquired it from Thomson Reuters in mid-2008.Dialog was one of the predecessors of the World Wide Web as a provider of information, though not in form. The earliest form of the Dialog system was completed in 1966 under the direction of...
) for electronic distribution of its material. In 2002, it further expanded its alliance with Dialog. In 1998, the firm moved its headquarters from New York to San Antonio, Texas.
In 2001, it acquired Technical Insights. The same year, Frost & Sullivan lost its New York sales office in the September 11 attacks. The following recession forced the company to layoff 10% of its 700-strong staff, before it made a recovery.