STAMFORD, Conn., January 5, 2010 View All Press Releases
Gartner Acquires Burton Group Gartner, Inc. (NYSE: IT), the leading provider of research and analysis on the global information technology industry, today announced that, on December 30, 2009, it acquired Burton Group, Inc. for approximately $56 million in cash. Burton Group is a leading research and advisory services firm that focuses on providing practical, technically in-depth advice to front-line IT professionals. The firm has approximately 41 research analysts, 40 sales and client service associates, and projected 2009 revenue of $30 million.
The acquisition of Burton Group is expected to expand Gartner's product and service offerings, and increase its IT research market opportunity. The combination is also expected to drive operational efficiencies and cost savings.
Gene Hall, Gartner's chief executive officer, said, "Gartner has traditionally focused on providing strategic insight to CIOs and senior IT executives, while Burton Group has built a leading niche providing practical, how-to advice to front-line IT professionals. Thus, Burton Group is a great strategic fit for Gartner and should enable us to offer a more complete solution to every level and functional expert within an IT organization. By leveraging our scale and worldwide distribution capabilities, we expect to significantly grow Burton Group’s business over time."
Jamie Lewis, Burton Group’s chief executive officer, commented, “I am very excited about the opportunities for accelerated growth that Burton Group should have as part of Gartner. By combining our technical depth with Gartner’s global presence and distribution capabilities, we can reach a much broader set of clients with the most complete set of IT research and advisory services available.”
Gartner financed the acquisition through the use of cash on hand and borrowings under its existing line of credit.
Gartner expects the acquisition of Burton Group to be accretive to its revenue, earnings and cash flow over time. On a reported GAAP basis, the transaction is expected to be dilutive to income per share by ($0.12) – ($0.10) in 2010 and accretive to income per share by at least $0.00 – $0.03 in 2011. Excluding estimated acquisition and integration related charges, the transaction is expected to be modestly accretive to income per share in 2010 and add at least $0.04 – $0.06 to income per share in 2011. See "Non-GAAP Financial Measures" for a discussion of income per share, excluding estimated acquisition and integration charges. The Company will provide additional information on the transaction on its fourth quarter 2009 earnings conference call.
The Jordan, Edmiston Group acted as advisor to Burton Group in connection with the transaction.
Non-GAAP Financial Measures
Investors are cautioned that income per share, excluding estimated acquisition and integration related charges is not a financial measure under generally accepted accounting principles (GAAP). In addition, it should not be construed as an alternative to any other measures of performance determined in accordance with GAAP. This non-GAAP financial measure is provided to enhance the user's overall understanding of the expected impact of the acquisition of Burton Group on Gartner’s future operating results. We believe that income per share, excluding estimated acquisition and integration related charges, is an important measure of the expected benefits from the acquisition of Burton Group as it excludes charges that may not be indicative of Gartner’s core ongoing operating results.
The following is a reconciliation of the expected impact of the acquisition of Burton Group on income per share, excluding estimated acquisition and integration related charges, to GAAP income per share:
Expected impact on GAAP income per share ($0.12) – ($0.10) $0.00 – $0.03
Estimated acquisition and integration related charges (1) $0.12 – $0.11 $0.04 – $0.03
Expected impact on income per share, excluding estimated
acquisition and integration related charges $0.00 – $0.01 $0.04 – $0.06
(1) Acquisition and integration related charges primarily consist of amortization for identifiable intangibles, fair value adjustments on pre-acquisition deferred revenue and certain non-recurring costs such as severance and other exit costs.
Safe Harbor Statement
Statements contained in this press release regarding Gartner’s acquisition of Burton Group, the expected benefits from the acquisition and its expected impact on Gartner’s future financial results, as well as all other statements in this release other than recitation of historical facts, are forward-looking statements (as defined in the Private Securities Litigation Reform Act of 1995). Such forward-looking statements include risks and uncertainties; consequently, actual results may differ materially from those expressed or implied thereby. Factors that could cause actual results to differ materially include, but are not limited to, the ability to expand or retain Gartner's customer base; the ability to grow or sustain revenue from individual customers; the ability to retain the professional staff of research analysts and consultants upon whom Gartner is dependent; the ability to achieve and effectively manage growth; the ability to pay Gartner's debt obligations; the ability to achieve continued customer renewals and achieve new contract value, backlog and deferred revenue growth in light of competitive pressures; the ability to carry out Gartner's strategic initiatives and manage associated costs; substantial competition from existing competitors and potential new competitors; additional risks associated with international operations including foreign currency fluctuations; the impact of restructuring and other charges on Gartner's businesses and operations; general economic conditions; and other risks listed from time to time in Gartner's reports filed with the Securities and Exchange Commission, including Gartner’s most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q. These filings can be found on Gartner's Web site at www.gartner.com/investors and the SEC's Web site at www.sec.gov. Forward-looking statements included herein speak only as of the date hereof and Gartner disclaims any obligation to revise or update such statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events or circumstances.
Welcome to the website for Henry Burton’s research group. Our research and teaching are broadly focused on improving the resilience of urban regions to natural disasters. Specific areas of interest include (1) developing enhanced earthquake resistant building systems, (2) performance-based life-cycle design and assessment, (3) modeling the relationship between the performance of infrastructure systems within the built environment, and the ability of communities to minimize the extent of socioeconomic disruption following extreme events such as major earthquakes. This work relies heavily upon large-scale experimental testing, high-performance computing for structural simulations and advanced probabilistic methods.
Dr. Burton joined the University of California, Los Angeles Civil and Environmental Engineering Department after completing his Ph.D. in Structural Engineering at Stanford University where Professor Gregory Deierlein was his thesis advisor. He has significant industry experience and is a registered structural engineer (S.E.) in the state of California. Dr. Burton spent six years in practice at Degenkolb Engineers where he worked on a number of projects involving seismic design, evaluation and retrofit of existing buildings. Current major research projects include (1) developing a post-disaster recovery model for residential communities (NSF Award Number 1538747), (2) utilizing remote sensing to assess the implication of tall building performance on the resilience of urban centers (NSF Award Number 1538866) and (3) stochastic characterization of aftershock building collapse risk (USGS Award Number G16AP00006), (4) developing design and assessment principles for the next generation of resilient and sustainable buildings (NSF Award Number 1554714) and (5) developing performance-based design and assessment methods for self-centering steel braced frame systems with controlled rocking.
2/2/18:Henry Burton presented on Nonlinear Analysis of Steel Moment Frames using ASCE 41-13 at the SEAOSC Winter Education Program. Other presenters included Jim Malley (Degenkolb), Tom Sabol (Englekirk/UCLA) and Rafael Sabelli (Walter P Moore).
1/31/18:Henry Burton’s research group was awarded a research grant from the Pacific Earthquake Engineering Research (PEER) Center’s Transportation Systems Research Program (TSRP). The project is entitled Aftershock Vulnerability and Time-Dependent Risk Assessment of Bridges. Jonathan Stewart is the Co-PI on the project.
1/18/18:Henry Burton moderated a plenary session on “Engineering and Public Policy for Earthquake Resilient Communities” at the 2018 PEER Annual Meeting. The speakers included David Bonowitz (NCSEA Resilience Committee), David Prevatt (University of Florida) and Ji Yun Lee (Washington State University).
12/27/17:Recent Journal Publication: Interbuilding interpolation of peak seismic response demands using spatially correlated demand parameters (Earthquake Engineering Structural Dynamics).
12/24/17:Recent Journal Publication: A machine learning framework for assessing post-earthquake structural safety (Structural Safety).
11/8/17: Henry Burton spoke at the 2017 SEAOSC Strengthening our Cities Summit. The other panel members were Jason Peery of Aon Newport Beach and Michael Cusumano, the Managing Director of the Cusumano Real Estate Group. The topic of the panel was “How Better Building Designs Can Save You Money”.
9/7/17: Recent Journal Publication: Integrating Visual Damage Simulation, Virtual Inspection and Collapse Capacity to Evaluate Post-Earthquake Structural Safety of Buildings (Earthquake Engineering Structural Dynamics).
9/5/17: Henry Burton gave an invited talk entitled A Multi-Scale Process-Based Model for Simulating Post-Earthquake Housing Recovery at the 2017 Quake Core Annual Meeting.
8/15/17: Henry Burton’s session proposal on Machine Learning Methods for Structural and Infrastructure Systems has been accepted at the 2018 ASCE/SEI Structures Congress which will be held in Forth Worth, Texas. The session proposal was co-authored by Leonardo Duenas-Osorio.
8/1/17: Sujith Mangalathu joined the Burton Research Group as a postdoctoral scholar. Sujith received his PhD from Georgia Institute of Technology where his doctoral research focused on “Machine Learning Techniques for Regional Risk Assessment of Bridges”.
7/18/17:Recent Journal Publication: A framework and case study for earthquake vulnerability assessment of incrementally expanding buildings (Earthquake Spectra).
7/18/17:Recent Journal Publication: Estimating aftershock collapse vulnerability using mainshock intensity, structural response and physical damage indicators (Structural Safety).
7/14/17:Henry Burton gave an invited lecture at the Resilient Structural Steel Laboratory (RESSLab) at the Swiss Federal Institute of Technology Lausanne (EPFL).
7/12/17:Congratulations to Aryan Rezaie Rad for passing his PhD candidacy exam. Aryan is a PhD candidate at the IBOIS Research Lab at the Swiss Federal Institute of Technology Lausanne (EPFL). Professor Yves Weinand is his advisor and Henry Burton is his co-advisor.
7/8/17:Henry Burton spoke to an audience of middle- and high-school students about his academic and professional journey at the UCLA Summer Math and Science Honors Academy (SMASH) Speaker Series.
6/27/17:Congratulations to Hua Kang on passing the PhD Prospectus (Qualifying Exam) in CEE@UCLA.
6/26/17:The Burton Research Group welcomed Christine Marie Zapanta and Laxman Dahal, who will be working as undergraduate researchers during the summer of 2017. Christine is a rising senior at Morgan State University and Laxman is a rising Junior at Howard University. Both are majoring in Civil Engineering. Their summer research experience is funded by the University of California Office of the President’s UC-HBCU Initiative.
6/6/17:Dr. Saber Moradi, who is a postdoctoral scholar in the Burton Research Group, will join the Department of Civil & Environmental Engineering at Ryerson University (Ontario, Canada) as an Assistant Professor in August 2017. Congratulations Saber!!!
6/5/17:Hua Kang presented on Integrating Performance-Based Engineering and Urban Simulation in Modeling Post-Earthquake Housing Recovery: Framework Overview and Validation Study at the 2017 Engineering Mechanics Institute (EMI) Conference in San Diego, California.
6/2/17:Dr. Ji Yun Lee, who is a postdoctoral scholar in the Burton Research Group, will join the Department of Civil & Environmental Engineering at Washington State University as an Assistant Professor in August 2017. Congratulations Ji Yun!!!
4/20/2017:Henry presented on Multiscale Models for Planning and Decision-Support in the Post-Earthquake Environment at the inauguration of the Materials and Structural Systems Division Seminar Series at the National Institute of Standards and Technology (NIST).
4/6/2017:Han Sun presented on Inter-Building Interpolation of Peak Seismic Response using Spatially Correlated Demand Parameters at the 2017 Structures Congress in Denver, CO.
4/6/2017:Mehrdad Shokrabadi presented on Aftershock Seismic Risk in Reinforced Concrete Frames at the 2017 Structures Congress in Denver, CO.
3/1/2017:Henry Burton was recognized by the Structural Engineering Association of Southern California (SEAOSC) for his contribution to developing the design guides for retrofitting soft-story woodframe buildings per the LA Ordinance.
2/10/2017:Our research group was awarded a new grant from the American Institute of Steel Construction (AISC). The project is titled A Reliability-Based Assessment of Orthogonal Effects and Ground Motion Directionality on the Seismic Demands in SCBF Columns.
2/09/2017:Henry Burton presented at the University of California, Irvine Graduate Seminar on From Performance-Based Engineering to Urban Resilience.
1/20/2017:Henry Burton presented on retrofitting soft-story wood-frame buildings per the LA Ordinance using the FEMA P-807 guidelines at the SEAOSC Winter Education Program.
1/11/2017:Henry Burton gave a talk at the 16th World Conference on Earthquake Engineering entitled Integrating Performance-Based Engineering and Urban Simulation to Model Post-Earthquake Housing Recovery. The talk was part of a special session on Future of Cities: Planning Today for the Seismic Risks of Tomorrow, which was Chaired by Gregory Deierlein.
12/17/2016:Henry Burton is a member of the Pacific Earthquake Engineering Research (PEER) Center team that was awarded a $3.4 million grant by the California Earthquake Authority (CEA) for a research project on Quantifying the Performance of Retrofit of Cripple Walls and Sill Anchorage in Single Family Wood-frame Buildings. Henry’s research group at UCLA will be working on structural modeling and loss estimation for existing vulnerable and retrofitted wood-frame buildings with cripple walls and sill anchorage.
11/18/2016:Henry Burton participated in a panel discussion on The Engineer’s Role in Creating Resilient Cities at the Strengthening Our Cities SEAOSC Summit. Other panel members included Dr. Farzad Naeim (Farzad Naeim Inc.), Michael Cochran (Thornton Tomasetti) and Evan Reis (US Resiliency Council).
11/10/2016: Henry Burton gave a talk to the California Seismic Safety Commission entitled “Back to Normal: Earthquake Recovery Modeling”. The presentation was the culmination of a collaborative project with the Global Earthquake Model (GEM). The Burton Research Group developed a computational model for simulating post-earthquake recovery of communities which was implemented in GEM’s Integrated Risk Modeling Toolkit.
10/29/2016:Henry Burton attended a luncheon and networking event for UC-HBCU Fellows, which was hosted by UC President Janet Napolitano. President Napolitano noted in her address to the fellows that the UC-HBCU Program is on its way to becoming a permanent UC Initiative to increase the diversity of the academic pipeline.
10/20/2016: Henry Burton and Greg Deierlein gave a talk entitled “From Performance-Based Engineering to Urban Resilience“ at the Earthquake Engineering Research Institute (EERI) Northern California Chapter Meeting in San Francsico.
10/15/2016: Henry gave a talk entitled “Comparative Assessment of the Collapse Performance of Soft, Weak and Open Front Wall Wood-frame Buildings Retrofitted using Alternative Means” at the 2016 Structural Engineers Association of California (SEAOC) Convention held in Maui.
10/14/2016: Henry gave a talk entitled “ Application of the US Resilience Council Seismic Rating Procedure to Two Tall Buildings Designed by Alternative Means” at the 2016 Structural Engineers Association of California (SEAOC) Convention held in Maui.
9/28/2016: Henry gave a webinar entitled Pushover Analysis for Practicing Engineersfor the Structural Engineers Association of Southern California.
9/14/2016: Congratulations to Yu Zhang on passing the PhD Prospectus (Qualifying Exam) in CEE@UCLA.
9/14/2016: Li Zhiheng and Agam Tomar joined the Burton Research Group as PhD students.
8/15/2016: Ji Yun Lee joined the Burton Research Group as a postdoctoral scholar. Ji Yun received her PhD from Georgia Institute of Technology where her doctoral research focused on “Risk-informed decision for civil infrastructure exposed to natural hazards: Sharing risk across multiple generations“.
7/15/2016: Henry Burton became a Certified US Resiliency Council (USRC) Building Seismic Rating Professional.
7/1/2016: Henry Burton has been appointed as the Englekirk Presidential Endowed Chair in Structural Engineering at UCLA.
6/18/2016: Saber Moradi joined the Burton Research Group as a postdoctoral scholar. Saber received his PhD from University of British Columbia where his doctoral research focused on “Simulation, Response Sensitivity, and Optimization of Post-Tensioned Steel Beam-Column Connections”.
06/03/2016: Recent Journal Publication: Rocking Spine for Enhanced Seismic Performance of Reinforced Concrete Frames with Infills.
05/26/2016: Henry and Danielle celebrated the birth of their daughter, Halisi Niara Iya Burton. Halisi was born on May 26, 2016 at 6:37 p.m. She weighed 8 lbs and was 22 inches long at the time of her birth.
2/17/2016: Henry Burton gave a talk titled “A System Reliability-Based Approach to Assessing the Post-Earthquake Structural Safety of Buildings” at the 2016 Geotechnical and Structures Congress.
1/8/2016: Sharzad Dastmalchi joined the Burton Research Group.
1/8/2016: Henry Burton has received a CAREER Award from the National Science Foundation, the agency’s highest honor for faculty members at the start of their research and teaching career. The project is titled From Performance-Based Engineering to Resilience and Sustainability: Design and Assessment Principles for the Next Generation of Buildings.
12/16/2015: Our research group was awarded a new grant from United States Geological Survey (USGS). The project is titled Stochastic Characterization of Aftershock Building Collapse Risk. Henry Burton is the PI and Jon Stewart is the Co-PI.
9/10/2015: Congratulations to Mehrdad Shokrabadi on passing the PhD Prospectus (Qualifying) exam in CEE@UCLA
9/08/2015: Our research group was awarded two new grants from the National Science Foundation. The first project is titled Utilizing Remote Sensing to Assess the Implication of Tall Building Performance on the Resilience of Urban Centers. Henry Burton is the PI and John Wallace is the Co-PI. The second project is titled Modeling Post-Disaster Housing Recovery Integrating Performance Based Engineering and Urban Simulation. This is a collaborative project with Scott Miles, who is a senior principal research scientist at University of Washington’s Department of Human Centered Design and Engineering and Center for Collaborative Systems for Security, Safety, and Regional Resilience.
8/12/2015: Congratulations to Yu Zhang and Hua Kang on passing the preliminary Ph.D. exam in CEE@UCLA
07/24/2015: Henry Burton was recently awarded a grant through the University of California Office of the President for the UC-HBCU initiative, which seeks to establish sustained research partnerships between UC campuses and Historically Black Colleges and Universities. This grant will support undergraduate students from Morgan State University over the course of three years, who will be employed as summer researchers in Professor Burton’s group. During the academic year, these students will continue their research activity with Dr. Monique Head, an Associate Professor in the Civil and Environmental Engineering Department at Morgan State. Henry is an alumnus of Morgan State University (B.S. Civil and Environmental Engineering, 2002).
06/15/2015: Henry Burton participated in the inaugural planning workshop for the newly formed ASCE Infrastructure Resilience Division (IRD). The IRD’s primary role is to develop a common approach to advance the concepts of resilience in our nation’s civil infrastructure and lifeline systems, foster cross-communication and develop collaborations around the impacts of natural hazards on civil infrastructure, facilitate the development of guidelines and standards, and disseminate knowledge throughout the civil engineering community. Henry was tasked with leading an initiative on Resilience Metrics and Performance Objectives for Civil Infrastructure.
06/11/2015: Henry Burton gave a presentation to the California Seismic Safety Commission on Simulation-Based Tools for Understanding and Enhancing the Process of Post-Earthquake Recovery
06/01/2015: Henry Burton was awarded the UCLA Faculty Research Grant
05/26/2015: Recent Journal Publication: Framework for Incorporating Probabilistic Building Performance in the Assessment of Community Seismic Resilience
04/13/2015: Henry Burton gave a presentation at the University of California, San Diego graduate seminar on “Using Performance-Based Engineering as a Tool for Measuring Community Resilience
03/13/2015: Yu Zhang joined the Burton Research Group
03/10/2015: Newly Released! Seismic Performance Assessment Tool for Infill Frames (SPA-INFILL)
01/02/2015: Peng Jiao and Hua Kang joined the Burton Research Group
11/10/2014: Henry Burton was awarded the National Science Foundation Next Generation of Disaster Researchers Fellowship
9/30/2014: Henry Burton gave a talk on measuring community scale seismic resilience at the 3rd International Conference on Urban Disaster Risk Reduction
9/25/2014: Congratulations to Mehrdad Shokrabadi for passing the preliminary Ph.D. exam in CEE@UCLA
9/10/2014: Henry Burton received the Best Paper Award at the 4th International Conference on Building Resilience in Manchester, England for his paper, “Measuring the post-earthquake reduction and recovery of the shelter-in-place capacity of a residential community”
9/10/2014: Henry Burton gave a talk on assessing the resilience of residential communities to earthquakes at the 4th International Conference on Building Resilience in Manchester, England
9/3/2014: Mehrdad Shokrabadi joined the Burton Research Group
9/1/2014: Henry Burton joined the Department of Civil and Environmental Engineering at UCLA