Consulting M&A Weekly Round-up (12th to 18th February, 2023)

by | Feb 20, 2023 | 0 comments

Welcome back to another round-up of weekly consulting M&A news from the world. Unlike previous few weeks, this week has been a tad silent with only three deals going through. We will be looking at them, one by one. So, let’s get started!

#1. RQM+ buys medtech software platform Giotto Compliance

Giotto Compliance, an AI-powered reporting platform, has been purchased by RQM+, a Monroeville, Pennsylvania-based organization focusing in regulatory, quality, and compliance consultancy for producers of medical devices and diagnostics.

Giotto Compliance offers an AI-powered platform to improve the efficiency and efficacy of regulatory filings and reports for medical devices and in vitro diagnostics across the product lifecycle. Moreover, the software optimizes operations to generate audit-ready findings, saving more than 30 hours each clinical evaluation report.

The acquisition of Giotto Compliance by RQM+ will enhance the firm’s current services as well as offer a standalone solution that can be leveraged to streamline regulatory document development while maintaining compliance with global regulations.

#2. Broadstone agrees to acquire H&C Consulting Actuaries

Broadstone, a consulting firm specializing in pensions, employee benefits, and investments, has agreed to acquire H&C Consulting Actuaries for an undisclosed sum.

The York-based H&C Consulting Actuaries firm was founded in 1999. Moreover, the firm’s skilled staff of more than 20 consultants provides various corporate and trustee clients with high-quality, cost-effective pension advice.

The acquisition of the independent actuarial consulting firm will strengthen Broadstone’s presence in Northern England as it seeks to extend its UK presence through a series of acquisitions.

#3. Concord buys Richmond-based Authentic Digital

Concord, a management and technology consulting business located in Minneapolis, has acquired Authentic Digital, a digital consultant based in Richmond, Virginia.

Authentic Digital, which was established in 2018, serves enterprise clients and household names across a variety of industries. Design, branding, content production, multichannel marketing, media buying, e-commerce, UI and UX design, and application development are among the services offered by the company.

The acquisition of Authentic Digital by Concord will enhance its digital and customer experience capabilities. Moreover, the transaction will also increase the company’s US presence and nearshore delivery capabilities.

Closing Thoughts

That’s it for this week’s consulting M&A news. If we missed out on any deals, then please write to us and let us know. Moreover, thanks for reading, and we shall be back again next week for another consulting M&A weekly round-up. Cheers!