Millennium Research Group
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Millennium Research Group (MRG), is a provider of medical technology market research and competitive intelligence that is located in Toronto, Ontario, Canada and conducts research in over 50 countries worldwide.[1]
The company was founded in 1998 by Bob (Babak) Bahador and Ash Vahman. The company differentiated itself from its competitors at the time in three key ways: 1- It was one of the earliest providers of data covering global medical markets (not just the US and large European countries) 2- Subscription-based products were emphasized, and clients were quickly migrated to them whenever possible 3- A unique bonus program was implemented for staff (except the owners) to encourage cross-functional teamwork, employee acquisition and retention. It was not uncommon for a receptionist to be awarded a bonus of nearly 100% annually.
The company grew out of its original single-room office at 196 Spadina Avenue in Toronto's Chinatown to occupy 35,000 square feet and 3 floors of space at 175 Bloor Street East within 6 years. Headcount in February 2006 at the time of acquisition was approximately 200 full-time employees in Toronto, in addition to contract-workers in Canada and abroad.
MRG was featured in "Profit Magazine's" listing of the 100 fastest growing companies in Canada for 3 years (2004, 2005, 2006) before it was no longer eligible due to being acquired by a US-based entity.
MRG was internally funded by its earnings and received no venture capital funding.
MRG was acquired by Waltham-based Decision Resource, Inc in 2006.[2]
The company received a Canadian government market research assignment in 2007 that was noted by a USA agency.[3]
References
[edit]- ^ "Decision Resources Group is now Clarivate". Clarivate.
- ^ "Decision Resources buys Canada's Millennium Research Group", BizJournals.com (Boston Business Journal), January 30, 2006
- ^ J. P. Woolfson (2007). "Shortcomings in interventional radiology in Canada". Journal of Vascular and Interventional Radiology. 18 (11): 1404–8. doi:10.1016/j.jvir.2007.07.004. PMID 18003991.
External links
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