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Stock Watch: Silver Lake Investment Boosts Gartner

By Nora Macaluso
Mar 23, 2000 12:00 AM PT

Gartner Group, Inc. (NYSE: IT) rose 5 1/2 to 21 Wednesday after the technology consulting firm said Silver Lake Partners LP would invest $300 million. Gartner will issue Silver Lake a convertible subordinated note, and plans to use the proceeds to repay senior debt and fund investment in its business initiatives. Silver Lake will also get two seats on Gartner's board.

Stock Watch: Silver Lake Investment Boosts Gartner

Silver Lake's "industry relationships, capital-market expertise, strategic insights and operating experience" will help Gartner to "more fully exploit our market opportunities," said Gartner President and Chief Executive Officer Michael D. Fleisher.

Separately, Gartner said it would buy TechRepublic, Inc., a Web site for information technology professionals. The site has more than 450,000 subscribers, and adds about 6,000 new users a day, Gartner said.


Salesforce Commerce Solution Guide
Has technology made transportation more or less safe?
Traveling by all modes of transportation has become riskier with each passing year.
In general, transportation safety has been improving steadily, despite some failures.
Some modes of transportation have been improving while others have become less safe.
We may have reached a tipping point where more tech means less safety.
Don't blame the tech -- greedy companies haven't done adequate testing.
Government regulators have not been playing a strong enough oversight role.
Salesforce Commerce Solution Guide
Salesforce Commerce Solution Guide