U.K.-Based Futuresource and Boston-Based BCC Research Firms to Merge

U.K.-based market research consultancy Futuresource Consulting and Boston-based market research firm BCC Research have announced a strategic merger.

“There are strong synergies between BCC Research and Futuresource Consulting which can now be fully realized,” Craig Ive, interim CEO and portfolio manager of the two companies, said in a statement. “The brands share complementary research offerings and together can provide our clients with a greater depth and breadth of research. Futuresource has leading technology expertise, while BCC’s strengths lie in the life sciences. These two distinct industries are increasingly interacting with and informing one another, creating opportunities for more robust and expansive research.”

The formal process of the merger began in February 2024, with a targeted completion date of April 2024, according to a release. Both companies will retain their respective brand identities while sitting collectively under a new name.

“The unification of BCC Research and Futuresource Consulting is an extremely positive step,” Ive said in a statement. “We will simplify and streamline operational efficiencies, allowing both businesses to run together seamlessly. By uniting the two brands, we are better positioned to get ahead of the rapid technological evolutions close on the horizon. Both companies can grow together with a stronger foundation.”

The merger has already secured new business projects that combine Futuresource’s consumer research with BCC’s sector expertise, according to the release.

Other key areas set to benefit from the merger, according to the release, include:

  • enhanced product and service offerings;
  • renewed commitment to client success, including a newly created Customer Success Team focused on building strong relationships with clients while providing a space to share regular feedback;
  • streamlined processes;
  • technological innovation to better leverage cutting-edge technologies such as Artificial Intelligence (AI) to drive continuous improvement; and
  • expanded reach, with the unified entity now having combined offices across the United Kingdom, the United States, and India.

 

Subscribe HERE to the FREE Media Play News Daily Newsletter!

“With formal processes still in motion, some services may experience temporary disruption,” Ive said in a statement. “We aim to make the transition as smooth as possible to keep this to a minimum. With completion set to formalize in the coming weeks, clients can expect the full strength of our operations to be restored shortly.

“We plan to push both companies to the forefront of technological and cultural innovation, all the while providing greater value to clients. Numerous new offerings will allow clients to access research in an engaging, interactive, and highly digestible format. Details of a new virtual community form part of our ambitious growth plans.

“The two companies share 85 years of collective experience, which puts us in a very privileged position to move towards a value-based business model. We plan to implement a new advisory service to provide the depth and personalization that clients are increasingly seeking. Moreover, the creation of the new virtual community for our clients and analysts will give us a unique offering within the multi-billion-dollar market research industry.”

For more information about the newly merged company, contact Craig Ive or Olivia Lowden at comms@futuresource-hq.com.