Chris Dines, Chief Executive Officer of Ovum, said, "This acquisition is in line with our stated strategy of mixed organic and inorganic growth. Summit Strategies brings to us expertise and products in an important and growing area of the IT market. It allows us to develop a stronger relationship with blue-chip IT vendor customers."

The offerings of Summit Strategies are complementary to those of Ovum and fill a gap in the area of utility computing.

This is the first acquisition made by Ovum since its IPO in March 2006, and is in line with its stated growth strategy to build the business and expand its product offering and expertise both organically and through the acquisition of specialist, high quality businesses.

Headquartered in Boston, USA, Summit Strategies is a research, advisory and consulting group focused on the disruptive changes that affect IT vendors' market, channel and competitive strategies.