I was initially unmoved by the news earlier this week that McKinsey is doing a joint venture with Nielsen leading the management consultancy to take over BuzzMetrics, one of the many firms out there that analyze what people are saying about companies online. There’s been so much acquisition action in that monitoring space over the years that it was hard to get excited.
But then this morning I read some late coverage of the announcement in the Financial Times that woke me up to the significance of the deal.
What the FT told me that I didn’t know is that NM Incite, as the new company will be called, is the first time McKinsey has attached its name to another company. “We have never done a joint venture of this magnitude before,” McKinsey’s Dan Singer told the FT. That detail got me thinking about how far the incredible popularity of social media has traveled upstream into corporations.
