Global Market Insite, a market research firm, announced today that former Loudeye boss Michael Brochu will be its new chief executive.
Given Brochu’s track record of developing and then selling local companies, I wonder if GMI will be next.
Brochu was previously president and chief executive of Loudeye, which sold to Nokia last October. Before that he led Primus Knowledge Solutions from 1997 through its sale in 2004.
Earlier, he was president and chief operating officer at Sierra On-Line, which was sold on his watch in 1996.
GMI investor and chairman Enrique Godreau III was upbeat in the news release:
“With the appointment of Mike as CEO, GMI has secured a successful, experienced and highly capable executive who will build on GMI’s already impressive growth of 2,008 percent in five years to expand GMI’s leadership position in a global market research industry worth $24 billion … Market research authority ESOMAR predicts that online research will continue to revolutionize the industry for years to come. GMI is extremely well positioned to remain a leading catalyst of this transformation.”
Sounds like a buyout pitch to me.