In-Stat Management Completes Buyout

In the US, the management of tech market intelligence provider In-Stat have bought the company from former owner Reed Business information, in a move backed by consumer and retail specialist The NPD Group.

In-Stat's market intelligence combines technical, market and end-user research and database models, to provide consulting and advisory services to technology vendors, equipment manufacturers, service providers and media companies worldwide.

Terms of the management buyout led by In-Stat CEO Mark Kirstein, and of NPD's investment were not disclosed.

'We see this change as a tremendous opportunity to better serve our customers with industry-leading research focused on the digital entertainment and mobile Internet ecosystems,' stated Kirstein.

'The NPD Group's backing of, and alliance with, our business will accelerate our ability to execute on our vision and open new strategic opportunities for both companies,' he added.

NPD's Chairman and CEO Tod Johnson said that his firm's new relationship with In-Stat will allow both firms to offer 'broader and deeper knowledge' to decision makers in the wireless and entertainment industries.

Web sites: www.in-stat.com and www.npd.com .