Welcome back to our weekly consulting M&A round-up. For this week, we’ve got some very interesting deals to talk about which has been spearheaded by none other than big companies like McKinsey and Cognizant. Let’s have a look at those deals and more.
#1. McKinsey adds Israel-based Iguazio to AI subsidiary QuantumBlack
McKinsey & Company has completed its first-ever transaction in Israel, with the acquisition of Iguazio bolstering its QuantumBlack subsidiary.
Iguazio, which was established in 2014 by four co-founders (CEO Asaf Somekh, CTO Yaron Haviv, COO Yaron Segev, and VP Architecture Orit Nissan-Messing), focuses on bringing advanced data science to life. The company’s platform automates machine learning pipelines for its clients, allowing data scientists to concentrate their time developing better, more accurate, and more potent solutions rather than maintaining infrastructure.
Speaking about the deal, senior partner and global co-leader of QuantumBlack at McKinsey stated that this acquisition of Iguazio will allow McKinsey to execute AI with fewer resources and at a substantially cheaper cost.
#2. Version 1 acquires up IT consultancy Automation Logic
Automation Logic, an IT consulting firm, has been acquired by Version 1 for an unknown sum. Alantra specialists assisted the company’s shareholders regarding the sale.
Automation Logic, which was founded in 2010, is an IT consulting firm that specializes in DevOps transformation and delivery. The London-based company is also linked with AWS, Microsoft, and a number of other top cloud providers, allowing it to offer a varied array of cloud solutions to clients including the Ministry of Justice, HM Revenue & Customs, and Lloyds Banking Group.
The acquisition will expand Version 1’s digital, data, and cloud capabilities, giving its employees greater possibilities to grow professionally while doing what they enjoy most: working on intriguing challenges with its clients.
#3. Cognizant acquires Manchester based Mobica
Cognizant, a professional services company, has announced this week that it will purchase Mobica, an IoT software engineering company. The agreement, which will be finalized in the first quarter of 2023.
Mobica, which as founded in 2004, is a global software services firm that provides Tech Talent-as-a-Service to clients in a variety of industries, including aerospace, finance, semiconductors, and automotive, granting them access to talent and software engineering experience across the whole technological stack.
The acquisition by Cognizant will enable the firm to help global clients in the technology, automotive, and other industries achieve better digital transformation results.
#4. Atturra buys Microsoft partner Hammond Street Developments
Atturra has purchased Hammond Street Developments, a Microsoft implementation services-focused IT consulting firm.
Hammond Street Developments, headquartered in Melbourne, serves government clients with consultancy, systems development, integration, and maintenance services. Moreover, the Microsoft partner employs over 100 people and has offices in Sydney, Canberra, and Adelaide.
The acquisition of Hammond Street Developments by Atturra underscores its commitment to expanding its company in the government sector, particularly in the Victorian public sector and with Microsoft, one of its most important technology partners.
#5. L.E.K. Consulting acquires Design agency Hi Mum! Said Dad
Global strategy consulting L.E.K. Consulting has acquired a digital product consulting firm, “Hi Mum! Said Dad” for an undisclosed fee. The acquisition of the London-based company will enable L.E.K. to extend its digital solutions portfolio.
Hi Mum! Said Dad is a digital product and innovation consultancy based in London, in the United Kingdom. The company was founded in the year 2011 by Graig and Savvas. Moreover, it specializes in mobile development, mobile strategy, connected technology, creative technology, app development, web development, user experience, quality assurance, and more.
The acquisition of Hi Mum! Said Dad will help L.E.K in assisting clients get the most out of digital initiatives by meeting demand implementation and offering creative new solutions.
Closing Thoughts
Thank you so much for reading! We will be back again next week for another consulting M&A weekly round-up. If we missed any deals, then please write to use and let us know. See you all again next week!
