Forrester Research has bought rival tech and media analyst JupiterResearch along with its parent company, JUPR Holdings, from MCG Capital Corporation for $23 million in cash. The announcement was made by the Jordan, Edmiston Group, which managed the deal. In addition to the cash, the purchase also covers JupiterResearch’s liabilities. Also, the $23 million figure is subject to post-closing adjustments. JupiterResearch has 83 employees and 2007 revenues of approximately $14 million. Forrester says it had $212 million in revenue last year, and has more than 1,000 employees.  No word yet on whether any layoffs will result from the merger. JupiterResearch will be folded into Forrester’s Marketing & Strategy Client Group, which contributed $46.4 million to Forrester’s revenue in 2007. Release.

Alan Meckler sold Jupiter Research to MCG two years ago for around $10 million, where it was rolled up with Kagan, another MCG portfolio company…Kagan was later sold off to SNL Financial.

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