Foreign market research makes up 15% of Daedalus business

Some 15 percent of Daedalus’s total business is now market research and advisory services for external markets.

“The group was conceived as a ‘one-stop shop’ for business information, and its three companies are able to cover the full range of business information services, including data collection, primary and secondary market research, competitive intelligence, market profiling and consulting,” according to a statement for Business Standard by Daniel Enescu, General Manager of Daedalus Consulting. The group’s data collection company, Eurodata Management, posted turnover in 2007 worth €1.5 mln, with some 25 percent thereof for clients outside the group. Enescu went on to indicate that he expects Eurodata to post some €2.2 million in 2008.

Daedalus Consulting, which offers premium and value added services, posted turnover in 2007 worth €2.4 mln, and expects this to exceed €3 mln in 2008. About half of its revenue comes from the sale of business solutions from MillwardBrown, one of the world’s leading research companies.

Its third company, Visonwise Consulting, specializes in market profiling and consulting, with 70 percent of its €330,000 turnover in 2007 coming from services for clients in the European Union, Latin America and Canada.