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| Company type | Private |
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| Industry | Market research,consulting |
| Founded | 1961; 64 years ago (1961) |
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| Headquarters | , United States |
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| Services | management consulting,market research |
Number of employees | 1200 |
| Website | frost |
Frost & Sullivan is an Americanbusiness consulting firm. It offersmarket research andanalysis,growth strategyconsulting, and corporatetraining. It has about 45 offices in the Americas, Africa, Asia and Europe; the principal office is inSanta Clara, California.[1]
Frost & Sullivan was started by Dan L. Sullivan and Lore A. Frost[2][3] inNew York City in 1961.[4] In the 1970s it started a corporate training division, began sponsoring conferences and industry meetings, and opened an office in London.[4]
In 1982, it was publicly traded, and had annual revenues of $9.1 million. By 1987 revenue had grown to around $17.5 million, with $290,000 in net earnings.Theodore Cross acquired 53% of the stock in the mid-1980s.[4] In January 1988 the company was taken private by merger with a subsidiary of FAS Acquisition Co., a company formed by Cross andWarburg Pincus Capital.[5] It was sold to David Frigstad in 1993.[citation needed]
A sales office in New York was damaged in theSeptember 11 attacks.[6] During the ensuing recession the company laid off 10% of its 700 staff.[4]
Frost & Sullivan issues industry awards based on research using a proprietary methodology, which is sometimes based on a single article produced by the receiver of the award. Organizations that receive a Frost & Sullivan award must pay a fee to communicate the outcome to the public.[7][8][9]
I can confirm that, at least in my own case, the research consisted of public domain material obtained from a single article written by ourselves.
Upon licensing, company is able to share Award news with stakeholders and customers
We clearly regard the fact that the publication of obtaining a prize is associated with costs for the prize-winner as ethically very questionable
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