Austin, Texas -
IMS Research said Tuesday that
it has acquired Young Market
Research (YMR), to expand the services of both operations in the TV
displays, solid-state lighting and photovoltaic (PV) technology industries.
YMR is headed by Ross and Barry Young, who had previously founded
flat-panel display market research firm DisplaySearch, before that company was
sold to The NPD Group in 2005.
Under the agreement, the YMR executives will stay on with the
company while expanding its resources.
Ross Young will move to head up IMS Research's new displays
research division, as well as acting as a principle analyst in the PV sector.
Barry Young will work on a variety of projects for IMS, many of which will be
able to draw on his experience as managing director of the OLED Association.
"YMR executives such as Ross and Barry are very highly regarded
in their industries. Bringing their knowledge and experience into IMS will
enable us to develop new products and services that will help us to achieve the
aggressive growth targets we have set for ourselves," stated Ian Weightman, IMS
Research's U.S. operations head. "This strategic acquisition enables us to move
strongly into the Displays research area, which was one of the few gaps in our
portfolio. It will also help us to consolidate our positions in the TV, PV and
solid-state lighting markets."