Frost & Sullivan
| Company type | Private |
|---|---|
| Industry | Consulting |
| Founded | January 1, 1961 in New York City, United States |
| Founder | Dan L. Sullivan, Lore A. Frost |
| Headquarters | Santa Clara, California , United States |
Area served | Worldwide |
| Products | Market analysis, business growth strategies, corporate education, industry awards |
Frost & Sullivan is a U.S.-based consulting company that focuses on market analysis, strategies for business growth, and corporate education. The firm maintains around 45 offices internationally, with its headquarters located in Santa Clara, California.
History
Established in 1961 in New York City by Dan L. Sullivan and Lore A. Frost, Frost & Sullivan broadened its services during the 1970s by creating a corporate training segment, organizing industry conferences, and inaugurating an office in London.
The company became publicly listed in 1982, reporting annual revenues of $9.1 million. By 1987, its revenue had grown to $17.5 million alongside net profits of $290,000. In the mid-1980s, Theodore Cross acquired a controlling interest, and in 1988 Frost & Sullivan was privatized following a merger with FAS Acquisition Co., which was established by Cross and Warburg Pincus Capital. Ownership transferred to David Frigstad in 1993.
Following damage to its New York sales office during the September 11 attacks, the firm implemented a 10% reduction in staff during the ensuing economic downturn.
Frost & Sullivan presents industry awards derived from its proprietary research approaches. Awardees pay fees to promote these recognitions, which have sometimes been criticized for being based on limited research data.