BOSTON, March 28,
2024 /PRNewswire/ -- UK-based market research
consultancy Futuresource Consulting and Boston-based market research firm BCC Research
have today announced a strategic merger of the two companies. The
move will lay the foundations for an era of expansion and
technological innovation, with a long-term plan laid out to
maximise growth.
"There are strong synergies between BCC Research and
Futuresource Consulting which can now be fully realised. The brands
share complementary research offerings and together can provide our
clients with a greater depth and breadth of research," says
Craig Ive, Interim CEO and portfolio
manager of the two companies. "Futuresource has leading technology
expertise, while BCC's strengths lie in the life sciences. These
two distinct industries are increasingly interacting with and
informing one another, creating opportunities for more robust and
expansive research."
Projected Timelines
The formal process of the merger began in February 2024, with a targeted completion date of
April 2024. Both companies will
retain their respective brand identities while sitting collectively
under a new name.
"The unification of BCC Research and Futuresource Consulting is
an extremely positive step. We will simplify and streamline
operational efficiencies, allowing both businesses to run together
seamlessly. By uniting the two brands, we are better positioned to
get ahead of the rapid technological evolutions close on the
horizon," says Ive. "Both companies can grow together with a
stronger foundation."
Vision and Benefits
The early seeds of the merger are already bearing fruit, with
new business projects secured which combine Futuresource's unique
consumer research with BCC's robust sector expertise.
Other key areas set to benefit from the merger include:
- Enhanced product and service offerings: Thanks to
BCC and Futuresource's complementary research offerings, clients
can expect a broader range of services covering more
industries.
- Renewed commitment to client success: The merger
will reinforce both companies' commitment to outstanding customer
experiences. A newly created Customer Success Team will focus on
building strong relationships with clients while providing a space
to share regular feedback.
- Streamlined processes: Operating systems and
processes will be transformed and simplified to streamline and
supercharge efficiencies. This will combat delays, enable smoother
transactions, and improve the customer journey.
- Technological innovation: With combined resources
and expertise, the merged companies can better leverage
cutting-edge technologies like Artificial Intelligence (AI) to
drive continuous improvement.
- Expanded reach: The move will expand the global
footprint of both companies, with the unified entity now having
combined offices across the UK, USA, and India. This will bring them closer to
international clients and strengthen their foothold globally.
Temporary Impact
"With formal processes still in motion, some services may
experience temporary disruption," says Ive. "We aim to make the
transition as smooth as possible to keep this to a minimum. With
completion set to formalise in the coming weeks, clients can expect
the full strength of our operations to be restored shortly."
Any individual questions or concerns can be directed to
Craig Ive, Interim CEO, at
comms@futuresource-hq.com.
A Bright Future
"We plan to push both companies to the forefront of
technological and cultural innovation, all the while providing
greater value to clients," says Ive. "Numerous new offerings will
allow clients to access research in an engaging, interactive, and
highly digestible format. Details of a new virtual community form
part of our ambitious growth plans.
"The two companies share 85 years of collective experience,
which puts us in a very privileged position to move towards a
value-based business model. We plan to implement a new advisory
service to provide the depth and personalisation that clients are
increasingly seeking. Moreover, the creation of the new virtual
community for our clients and analysts will give us a unique
offering within the multi-billion-dollar market research
industry."
For more information about the newly merged company, please
contact Craig Ive or Olivia Lowden at comms@futuresource-hq.com.
About BCC Research
BCC Research provides objective, unbiased measurement and
assessment of market opportunities through detailed market research
reports. Their core mission is to drive future businesses and
markets, and with an extensive 50-year history, they are trusted by
leading organizations worldwide to provide vital insights that
empower them to make confident, forward-looking decisions.
About Futuresource Consulting
Futuresource Consulting is a market research consulting firm
with a rich 30-year history. The firm provides a range of
specialist intelligence reports and ongoing personal debriefs
alongside bespoke consumer and end user research. Futuresource
prides itself on delivering fact-based insights and market
forecasts on a global scale to support confident business
decision-making.
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