Confirmit Announces Completion of Merger with Pulse Train
The combination delivers the 2nd largest software vendor in the market and the most powerful, dedicated R&D organization serving the needs of the Market Research (MR) and Enterprise Feedback Management (EFM) industries.
New York, NY, Oslo, Norway and Guildford, UK (PRWEB) July 13, 2007 -- Confirmit (OSE:CONF) and Pulse Train today announced the completion of the previously announced merger of the two companies. The transaction was finalized on July 12. The name of the newly combined business is Confirmit.
"This transaction significantly accelerates our ability to deliver the Confirmit vision of being the leading technology provider to the MR and EFM markets," said Henning Hansen, who remains CEO of Confirmit following completion of the merger. "We have seen an increasing trend in companies looking to standardize on a single vendor and we are now well positioned to deliver against that requirement."
"Whilst CTO at Taylor Nelson Sofres (TNS), some seven years ago, I introduced Confirmit into the business as an online data capture platform and I have maintained a keen interest in the development of Confirmit since that time," says Pat Molloy, Pulse Train's CEO who now takes the role of Chief Strategy Officer (CSO) in the combined business. In this role Molloy will lead product strategy for the business.
Molloy brings 25 years of experience in the Market Research industry, having been Operations Director at NOP and Managing Director of Quantime in addition to his roles at TNS and Pulse Train. He adds, "Having now thoroughly reacquainted myself with the Confirmit technology I'm even more impressed by the result of the company's continued investment in R&D, and its leading position as the most scalable, robust and secure software platform to meet the needs of the market."
The company will integrate key Pulse Train products and technologies into the Confirmit platform, enhancing the capabilities of the overall combined product set,including:
| | - Bellview Fusion CATI (including dialing technology), introducing telephone as a new channel / mode
- Pulsar Web, adding deeper analytical capabilities
- Data Central, bringing new data processing capabilities
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The combined strengths of the two product portfolios will deliver the most complete, feature-rich and robust set of applications in the industry.
"We are thrilled with the opportunity to deliver the industry's first industrial-strength complete software platform," concludes Henning Hansen. "Confirmit is in a unique position to shape the future of MR and EFM worldwide and we look forward to meeting that challenge."
Press contacts:
| | - Henning Hansen, CEO of Confirmit, +47 21 50 2500
- Pat Molloy, CSO of Confirmit, +44 1483 300100
- Kjell Øksendal, VP Marketing, Confirmit, +47 91845414
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About Confirmit
Confirmit is the world's leading provider of software for Market Research (MR) and Enterprise Feedback Management (EFM). The company has more than 200 employees and offices in Oslo (headquarters), Guildford, London, Moscow, New York, San Francisco, and Yaroslavl. Confirmit's software is also distributed through partner resellers in Amsterdam, Sydney and Tokyo. Confirmit became a public company in December 2005, and is listed on Oslo Stock Exchange under the ticker "CONF".
Confirmit targets Global 5000 companies and Market Research agencies worldwide with a wide range of software products for feedback / data collection, panel management, data processing, analysis, and reporting. Customers include British Airways, Countrywide Financial, Dow Chemical, Experian, GlaxoSmithKline, Halifax Bank of Scotland, Hewlett Packard, Intrawest, Ipsos, Nielsen, The NPD Group, Safeco Insurance, Statoil, Symantec and Virgin Media.
For more information about Confirmit, visit www.confirmit.com.
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