FIND/SVP Buys Teltech

Share this content:
FIND/SVP Inc., a provider of business advisory, research and consulting services, yesterday announced the signing of an agreement to buy Teltech, an information management division of British software firm Sopheon PLC.


Like Minneapolis-based FIND/SVP, Teltech provides custom research and information services. It focuses on the research and development and the engineering departments of larger corporations, while FIND/SVP eyes the marketing-related functions of its client base.


Teltech also creates information portals for clients to access its services through their desktops. About 25 percent of its revenue comes from outsourced corporate library service engagements with companies like Novellus, Cabot, Armstrong Industries, Alticor and GE.


FIND/SVP will pay $3 million for Teltech through equity, debt and cash at hand, as well as a contingent earn-out payment of up to $400,000. The transaction will close before July 15.


Teltech is FIND/SVP's second buy in three months. The company April 1 bought Guideline Research Corp., another provider of custom market research.


close

Next Article in Data/Analytics

Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here