The Web metrics market is a hot space these days - hot enough that Hitwise has apparently decided to sell itself for about $350-million, according to The Telegraph. The company, which was started in 1997 by Australians Andrew Barlow and Adrian Giles, is one of the leading Web site monitoring services along with ComScore and Alexa. This industry has received more attention as the growth of the online advertising market has driven the need for accurate traffic data. The problem, however, with the Web site monitoring market is there are no standards so you're dealing with an apples and oranges scenario many times. This has become more of a challenge as spiders, bots and splogs troll around pinging Web sites and skewing traffic numbers. That said, there has been plenty of M&A interest in the stats business what with Google buying MeasureMap and FeedBurner acquired BlogBeat.
For more thoughts, check out Mathew Ingram and Joe Duck. For some insight into the controversy surrounding the accuracy of Web statistics, check out this recent BusinessWeek story, as well as Webanalyticsbook.com.
Technorati Tags: ComScore, Web Traffic