**EXHIBIT99.2**

 

PRESS RELEASE OF META GROUP, INC.

Thursday, August 1, 2002

 

 

Contact:                                 PeterWardVice President, Corporate CommunicationsMETA Group, Inc.(203) 973-6700peter.ward@metagroup.com

 

*FOR IMMEDIATE RELEASE*

 

**META Group Names Fred Amoroso President and Chief ExecutiveOfficer**

 

STAMFORD, Conn. (August 1, 2002) 3⁄4META Group, Inc. (Nasdaq: METG), a leading information technology (IT) researchand consulting firm, today announced that Alfred “Fred” Amoroso, 52, has beennamed President, Chief Executive Officer, and Vice Chairman of the Board ofDirectors. Amoroso succeeds META Group founder, Dale Kutnick, who will remainwith the Company as Co-Research Director and Chairman of the Board.

 

Amoroso’sexecutive experience spans almost 30 years in general management for some ofthe world’s leading software, hardware, and professional services companies.Most recently, Amoroso was President and CEO of CrossWorlds Software inBurlingame, California, a leading enterprise application integration softwarecompany. In January 2002, Amoroso successfully completed the sale ofCrossWorlds to IBM.

 

Prior to joining CrossWorlds, Amoroso was an executivewith IBM, participating in IBM’s turnaround and leading one of its globalindustry solution units. Amoroso eventually rose to become general manager ofIBM Global Services, Asia Pacific, where he was successful in nearly doublingthe company’s services business in the region from 1997 through 1999, achievingrevenues of $6.99 billion in 1999.

 

From 1985 to 1993, Amoroso was a managing partner withPrice Waterhouse. Initially in charge of its insurance consulting practice,Amoroso eventually transitioned to become one of the firm’s leading technologypartners. Prior to joining Price Waterhouse, Amoroso was founder and CEO ofComputech Corporation, and prior to that, he worked for Electronic Data Systemsin various management roles. Amoroso has a Master of Science degree inOperations Research from Polytechnic Institute of Brooklyn.

 

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Commenting on the appointment, Kutnick stated, “We arepleased to bring Fred on board as CEO, and we are confident that thisleadership transition is in the best interest of shareholders and employeesalike. I’m extremely proud of the work that our entire executive team hasaccomplished over the last year, particularly given the trying economicconditions. I believe that Fred’s strong executive management experience willsuit him well in building upon this solid foundation. I will continue mycommitment to the success of this Company as Chairman of the Board andCo-Research Director, and I look forward to focusing my efforts on maintainingour high-quality research engine.”

 

“META Group has a strong reputation as a preeminentprovider of unbiased IT research, advice, and consulting,” said Amoroso. “I amvery excited about joining the Company and continuing in this tradition to helpbuild an even stronger global brand.”

 

 META Groupwill issue a press release announcing financial results for the second quarterended June 30, 2002, after the close of the market on Wednesday, August 7,2002. The Company will hold a conference call the following morning to discussits quarterly results, quarterly highlights, and details on the leadershiptransition announced today. The call can be accessed at www.viavid.com. Areplay of the call will also be available at this Web site and atwww.metagroup.com.

 

About META Group

 

META Group is a leading research and consultingfirm, focusing on information technology and business transformationstrategies. Delivering objective, consistent, and actionable guidance, METAGroup enables organizations to innovate more rapidly and effectively. Ourunique collaborative models help clients succeed by building speed, agility,and value into their IT and business systems and processes. For details, connect with www.metagroup.com.

 

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This press releasecontains forward-looking statements made pursuant to the safe harbor provisionsof the Private Securities Litigation Reform Act of 1995, includingforward-looking statements regarding META Group’s leadership transition,services, products and strategic directions for brand development. Thesestatements are neither promises nor guarantees, but involve risks anduncertainties that could cause actual results to differ materially from thoseset forth in the forward-looking statements, including, without limitation,risks relating to: operating losses and the ability to achieve profitability;changes in the spending patterns of the Company’s target clients; generaleconomic conditions; changes in the market demand for IT research and analysisand competitive conditions in the industry; the Company’s ability to managegrowth and implement systems and processes required by such growth; marketacceptance of and demand for the Company’s products and services; the timing ofthe development, introduction, marketing, and market acceptance of new productsand services; the inability of the Company to increase its penetration ofexisting customers and expand to additional customers; the recruitment,retention, and development of research analysts, consultants, management, andadministrative staff; the timing and execution of the Company’s strategicplans; volatility and unpredictability of the Company’s stock price; and otherrisks detailed in the Company’s filings with the SEC, including those discussedin the Company’s annual report filed with the SEC on Form 10-K for the yearended December 31, 2001 and quarterly report filed with the SEC on Form 10-Qfor the quarter ended March 31, 2002.

 

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