{"id":1676,"date":"2015-12-14T05:05:38","date_gmt":"2015-12-14T05:05:38","guid":{"rendered":"http:\/\/www.symphonytg.com\/?p=1676"},"modified":"2015-12-14T05:05:38","modified_gmt":"2015-12-14T05:05:38","slug":"symphony-technology-group-acquires-simmons-from-experian","status":"publish","type":"post","link":"https:\/\/stg.com\/news\/symphony-technology-group-acquires-simmons-from-experian\/","title":{"rendered":"Symphony Technology Group Acquires Simmons from Experian"},"content":{"rendered":"<p><strong><P align=\"center\">Adds to its innovative cross-channel consumer research and multi-media measurement portfolio<\/P><\/strong><\/p>\n<p>Palo Alto (December 14, 2015) Private equity firm <a href=\"http:\/\/www.symphonytg.com\/\">Symphony Technology Group <\/a>(STG), today announced that it has acquired Simmons, a leading consumer research company for more than 60 years. Known for its National Consumer Study (NCS), Simmons measurement of consumer preferences, attitudes and media behaviors is used by leading brands, agencies and media companies to power effective cross-channel consumer engagement.<\/p>\n<p>Simmons will transition over the course of 2016 to operate as a standalone business, under the brand Simmons Research, within the Symphony Technology Group portfolio.<\/p>\n<p>\u201cSimmons\u2019 core focus and vision is built on measurement science to efficiently and effectively measure consumer and media behavior by bringing together survey and passively collected data. With STG, we will accelerate this measurement vision to address the challenges in measuring today\u2019s dynamic connected consumer,\u201d said Pat Pellegrini, Ph.D., GM of Simmons Research. \u201cWe found immediate alignment on our vision and synergies with STG. They have a tremendous track record of innovation in the market research and marketing science industry. STG\u2019s investment will allow us to further our continued leadership in consumer research and drive exciting new initiatives including brand momentum studies, consumer life stage analyses and targeted new media and connected device studies.\u201d<\/p>\n<p>Through NCS, Simmons provides unique and in-depth insights on over 8,000 brands, 500 product categories, comprehensive cross-media measurement and is considered the gold standard in US Hispanic consumer measurement. Recently, through their Simmons Connect cross-device passive measurement panel, Simmons added cross-platform measurement of 11 different platforms including Internet, mobile and tablet devices. In addition to NCS, Simmons offers a broad array of research products including cross-platform consumer profiles, local market reports to a zip code level, multi-media engagement studies, new and emerging media and device usage along with advanced custom studies.<\/p>\n<p>\u201cWith the tremendous changes affecting the digital and media landscape, we believe high quality, foundational, and extensible data like Simmons are critical to understand the dynamic multi-dimensional consumer. Rich data, projectable samples and strong methodology are the hallmarks of Simmons and the building blocks of effective consumer research, media planning, measurement, and activation.\u201d said JT Treadwell, Managing Director of STG. \u201cWe intend to work with the excellent team at Simmons to extend their capabilities, enriching depth, frequency, digital extensibility \u2013 and enabling actionability across devices. And as the media consumption fragments across channels, we believe there will be very compelling intersections between the depth of Simmons measurement and the real-time video measurement that we are building with Symphony Advanced Media. We anticipate an exciting road ahead to extend Simmons\u2019 capabilities as a world class consumer research company,\u201d he added.<\/p>\n<p>In a simultaneous transaction, Connexity Inc, a STG portfolio company, will also acquire Hitwise, a leader in large-scale online clickstream data collection and consumer behavioral analytics. Hitwise offers broad audience-based insights into consumer online behavioral trends bolstering Connexity\u2019s capability to offer marketers, agencies and publishers unmatched ability to understand, reach and acquire their target customer. Simmons and Hitwise recently launched audience segmentation and behavioral analytics platform, AudienceView. AudienceView provides companies with a comprehensive view of demographic, psychographic, transactional and behavioral insights on their target consumers, including visibility into behavior patterns by device type, such as mobile phones. Hitwise will operate as a division within Connexity.<\/p>\n<p>Terms of the two transactions in aggregate were $47 million plus a further potential amount of up to $5 million based on an earnout.<\/p>\n<p><strong>About Symphony Technology Group<\/strong> (<a href=\"http:\/\/www.symphonytg.com\/\">www.symphonytg.com<\/a>): Symphony Technology Group (STG) is a strategic private equity firm with the mission of investing in and building great technology and services companies. In addition to capital, STG provides transformation expertise to enable its companies to deliver maximum value to their clients, to drive growth through innovation, to retain and attract the best talent and to achieve best in class business performance. STG\u2019s current portfolio consists of 19 global companies. For more information, please visit <a href=\"http:\/\/www.symphonytg.com\/\">www.symphonytg.com<\/a>.<\/p>\n<p><strong>About Simmons Research<\/strong> (<a href=\"http:\/\/simmonsresearch.com\/\">www.simmonsresearch.com<\/a>): Simmons Research is a leading cross-channel consumer research company for more than 60 years. Simmons Research measures consumer preferences, attitudes and media behaviors by closely overlaying survey and passively measured data using advanced measurement sciences. Simmons empowers leading brands, agencies and media companies engage effectively with their consumers using rich demographic, psychographic, attitudinal, intent and behavioral data across devices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Adds to its innovative cross-channel consumer research and multi-media measurement portfolio Palo Alto (December 14, 2015) Private equity firm Symphony Technology Group (STG), today announced that it has acquired Simmons, a leading consumer research company for more than 60 years. Known for its National Consumer Study (NCS), Simmons measurement of consumer preferences, attitudes and media&hellip;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"node_moved":[],"footnotes":""},"categories":[5,10],"tags":[23],"company":[],"class_list":["post-1676","post","type-post","status-publish","format-standard","hentry","category-news","category-press-release","tag-symphony-technology-group"],"acf":[],"yoast_head":"\n<title>Symphony Technology Group Acquires Simmons from Experian - STG<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/stg.com\/news\/symphony-technology-group-acquires-simmons-from-experian\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Symphony Technology Group Acquires Simmons from Experian - STG\" \/>\n<meta property=\"og:description\" content=\"Adds to its innovative cross-channel consumer research and multi-media measurement portfolio Palo Alto (December 14, 2015) Private equity firm Symphony Technology Group (STG), today announced that it has acquired Simmons, a leading consumer research company for more than 60 years. 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