Telecom pricing and retail share analyst company FDM has acquired leading technology research and advisory firm CCS Insight in a deal backed by private equity investor Inflexion.
CCS Insight is known for its analyst commentary, industry forecasts and research covering mobile operators, devices, and the fast-growing secondary market for refurbished smartphones in more than 40 countries.
FDM was founded in 2015 by Mehul Kotecha and Rahim Hankin and has a reputation for the quality of its sell-out data and handset pricing intelligence. Its network of around 50 data exchanges records millions of transactions weekly across Europe and beyond, providing detailed market share breakdowns at retail and operator level.
The company’s services are used by manufacturers, distributors and networks to benchmark performance and refine pricing strategies.
Adding CCS Insight’s advisory services and analyst brand recognition is is intended to extend its reach beyond raw datasets and into strategic research and consultancy.
“This is an exciting next step in FDM’s journey,CCS Insight is a perfect fit with its strong reputation and deep expertise. Our combined strengths mean more data, sharper insights and greater value for our clients” ” said co-founder Kotecha.
Hankin added: “Our acquisition of CCS Insight reinforces FDM’s commitment to advancing innovation, deepening market expertise, expanding global reach and solidifying its position as the leading provider of market share data.”
For CCS Insight, the deal provides capital and a platform for growth. Founder Shaun Collins commented: “Our team is delighted to be joining FDM. This partnership allows us to build on our legacy, while offering clients expanded global coverage and even stronger analysis.”
Both companies will operate under their existing brands during a phased integration to give continuity to clients.
The acquisition indicates part of a wider consolidation trend in telecom and device intelligence, as clients demands more qualitative data about consumer behaviour, pricing models and the second-hand device economy.
NB: CCS Insight analyst Ben Wood will be giving an overview of the secondary discussing at Mobile News. Circular Summit conference on October 22.
Register HERE to attend:
