A.T. Kearney, the global management consulting firm, has acquired Cervello, a business analytics and data management consultancy with roughly 120 data engineers, data scientists and developers. Financial terms of the deal were not disclosed.
Cervello, founded in 2009, will retain its brand and be known as “Cervello, an A.T. Kearny company." Key focus areas will include enterprise performance management, data management, business intelligence and CRM. Ahead of the deal, Cervello had offices in Boston, Dallas, New York, London and Bengaluru.
Alex Liu, managing partner and chairman of A.T. Kearney, explained the acquisition in these terms:
"Winning with data, that is what it's all about. Cervello's deep, hands-on knowledge of big data, cloud, and data platforms will help us jointly develop more robust tools and customized solutions for our clients' most difficult problems. It will also be mission-critical for us to leverage Cervello's proven ability to develop "leave-behind" solutions and managed services that sustain value-delivery to our clients long after we complete the assignment."
Cervello CEO Scot MacGillivray predicts the deal will have several business benefits:
“First, we will dramatically increase our global reach. Second, we see our strengths as blending remarkably well. Our technology expertise will embed seamlessly within A.T. Kearney's deep industry expertise. Third, our clients see the value and urgency in this combination of strengths. All of us at Cervello are excited to be a driving force in the future growth of A.T. Kearney, and in the success of the firm's clients around the world."
Mergers and Acquisitions: Technology Consulting Firms
Large consulting firms worldwide have been acquiring data, cloud, security and digital transformation expertise. Recent deals have included:
- Accenture acquired Orbium, a management consultancy and technology services provider focused on the financial services industry. Accenture has acquired roughly a dozen companies over the past year.
- Accounting giant EY acquired Adelphi Digital, a digital consultancy firm with operations in Singapore and Australia.