Market analyst Gartner has shut down the Asia-Pacific arm of GartnerG2, its business consulting unit, and laid off five analysts in the region.
The consulting division was set up regionally in July last year, and arose out of the dotcom fallout.
At the time of launch, GartnerG2 Asia Pacific vice president Richard Harris said Gartner's traditional client base needed a different type of high-level analysis to address more strategy-focused questions.
Focused on three core research perspectives: companies, markets and external forces - GartnerG2 offered services to help clients build market share, adapt technology to meet changes in the business environment, and identify new business models and opportunities for growth. GartnerG2 Asia Pacific covered Australia, Singapore, Hong Kong and India.
Company sources cited a changed regional market as the cause of Gartner G2 Asia-Pacific's closure. One local source said GartnerG2 Asia Pacific had been reasonably quiet since launching. "[It was] not delivering," the source said.
According to the source, two Asia-Pacific and three Australian analysts were made redundant. However, Harris remains with Gartner's Australian business.
Meanwhile, GartnerG2's American and European divisions are still operating. G2 clients were made up of business-users from vertical industries such financial services, mainstream media, automotive, manufacturing, health care, retail and travel.