Business Intelligence division drives growth at Progressive

UK— Progressive Digital Media Group, owner of research agencies Canadean, ID Factor and ICD Research, has reported increases in revenue and profit for the six months ended 30 June.

Group revenue was up 2.8% to £25.9m from and profit before tax rose to £2m from £1.2m in the first half of last year. Progressive said that its business intelligence division, which houses its research assets, now accounted for 51.2% of group revenue, with division turnover up 12.5% to £13.5m.

Earlier this month, Progressive bought the technology expenditure intelligence provider Kable.

Chairman Mike Danson (pictured) said: “Our results, together with the acquisition of Kable form not only a good platform for future growth but also have allowed the group to exit from the less profitable consumer email marketing sector.

“Moreover, the launch of the new intelligence centres and the performance of our Business Intelligence division as a whole have positioned us well to develop the business rapidly from now on.”

We hope you enjoyed this article.
Research Live is published by MRS.

The Market Research Society (MRS) exists to promote and protect the research sector, showcasing how research delivers impact for businesses and government.

Members of MRS enjoy many benefits including tailoured policy guidance, discounts on training and conferences, and access to member-only content.

For example, there's an archive of winning case studies from over a decade of MRS Awards.

Find out more about the benefits of joining MRS here.

1 Comment

Anon

Good going, Business Intelligence is the way froward where intelligence matters the most in today's business world.

Like Report

Display name

Email

Join the discussion


Display name

Email

Join the discussion

Newsletter
Stay connected with the latest insights and trends...
Sign Up
Latest From MRS

Our latest training courses

Our new 2025 training programme is now launched as part of the development offered within the MRS Global Insight Academy

See all training

Specialist conferences

Our one-day conferences cover topics including CX and UX, Semiotics, B2B, Finance, AI and Leaders' Forums.

See all conferences

MRS reports on AI

MRS has published a three-part series on how generative AI is impacting the research sector, including synthetic respondents and challenges to adoption.

See the reports

Progress faster...
with MRS 
membership

Mentoring

CPD/recognition

Webinars

Codeline

Discounts