About Us

About Us

Tech Research For You

Founded in 2024, GR20 Research is an independent research producer specialising in the Software and IT Services ecosystem.

GR20 Research produces an in-depth research product that helps clients understand and evaluate the players in the Software and IT Services ecosystem.

GR20’s research approach is to focus on what is moving the needle in the IT industry, e.g. business model migration to software-as-a-service (SaaS) and subscriptions from perpetual licensing, and how software/SaaS vendors and IT Services firms adapt their strategy and business model to artificial intelligence.

GR20’s research notes are published on several independent research platforms (IRF, Smartkarma) and the My Cup of IT newsletter on Substack.

In addition, we can outsource your tech equity research reports, tailored to your needs, from ideation to pre-publication.

Finally, we challenge entrepreneurs on their business plans and prepare valuation brochures for them, in cooperation with their advisors. 

Our Services

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History Emphasis

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Economic Outcomes

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Who Is GR20 Research?

Founder & CEO

Gregory Ramirez

Founder & CEO

Gregory Ramirez is the founder and owner of the research company GR20 Research. He brings 25+ years of experience as a sell-side equity analyst covering Software and IT Services firms. He has acquired over the years a thorough knowledge of the strategy, competitive environment, industry catalysts, valuation and financial analysis of these companies. Prior to founding GR20 Research, he had been working for Bryan Garnier for 17 years, of which most recently as Director, Software & IT Services of BG IRIS, Bryan Garnier’s equity research brand. On top of his public equity coverage, he oversaw and produced numerous industry white papers. Before Bryan Garnier, Gregory had worked for 9 years as an equity analyst at ING Securities, Arkeon Finance, Oddo & Cie, and Natexis Capital. Gregory holds a Master’s degree (DEA) in Banking and Finance and a Bachelor’s degree in Economics from Aix-Marseille University. He has been a member of the French Financial Analysts Society (SFAF) since 2005. 

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