Advisory Board / ABCO

About Advisory Board

2445 M St. NW, Washington, D.C. 20037
www.advisoryboardcompany.com | 202-266-5600 | Founded: 1979

Industry: Government And Professional Services | Category: Public Companies

The company began selling information about industry best practices in diagnostic imaging, taking advantage of interest in the fast-growing field to offer new benchmarking data and online tools for clients. Advisory Board clients typically pay an annual fixed fee for access to best-practices data, research, electronic analytical tools and other information.
More than 90 percent of Advisory Board member companies renewed in 2006. For the year, the average cost of a member contract rose, to $65,707 from $56,819 in 2005.
In early 2007, the company announced a plan to repurchase as much as $50 million of its stock, expanding an existing program to buy back shares. Advisory Board also reached a three-year agreement to license research with the Corporate Executive Board, a business-strategy firm that spun off from it.
In January, David Felsenthal was promoted to chief operating officer. Venture investor Peter J. Grua became a member of the board of directors. And Thomas J. Aprahamian, the company's chief accounting officer, secretary and treasurer, left the company for another organization.

CEO: Robert Musslewhite

2006 Financial Data

Revenues: $183,246,000 | Net Income: $28,876,000
Asssets: $308,544,000 | Earnings Per Share: $1.47
Total employees: 837 | Local employees: 694