Corporate Executive Board Buying Iconoculture

The Corporate Executive Board (Nasdaq: EXBD) has agreed to acquire Iconoculture, a Minneapolis-based consumer research and advisory company. The deal includes an $18 million up-front cash payment plus possible earnouts. Iconoculture has raised over $16 million in VC funding from firms like Portage Venture Partners, Quatris Fund, StarTec Investments, General Mills, Winton Partners and VSP Capital.

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