Consulting M&A Weekly Round-up (30th to 5th August, 2023)

by Laurent Thomas | Aug 7, 2023 | 0 comments

Welcome to yet another exciting week of updates in the world of consulting mergers and acquisitions! This week has been packed with notable advancements in the consulting M&A arena.

Leading names such as Accenture have been actively engaged in captivating acquisitions, and alongside them, companies like BlueAlly and a few others have also executed substantial transactions.

Get ready for an immersive journey into the captivating realm of consulting M&A, as we bring you up to speed with the most recent events in this ever-evolving industry. Let’s jump right in!

#1. Accenture acquires IT strategy firm Strongbow Consulting

Accenture, a renowned worldwide management and IT consulting organization, has successfully procured Strongbow Consulting, an IT strategy consulting firm located in Ridgewood, New Jersey.

Established in 2014, Strongbow specializes in aiding Fortune 1000 enterprises and firms backed by private equity in devising and implementing strategies for IT transformation. Their approach focuses on minimizing risk and optimizing cost-effectiveness. The firm boasts extensive proficiency in modernizing infrastructure, particularly in the domains of hybrid cloud, networking, and end-user compute environments.

Approximately 60 team members from Strongbow will integrate into Accenture’s technology strategy & advisory practice. In this capacity, they will contribute to assisting clients in revitalizing their IT infrastructure while also extracting value from legacy systems.

#2. Zanders acquires financial services risk consultancy Fintegral

Zanders, a renowned international finance consultancy, has successfully completed the acquisition of Fintegral, a distinguished firm specializing in risk consulting.

With a history spanning two decades, Fintegral has established itself as a crucial support system for financial services establishments, aiding them in both financial and non-financial risk management. The company maintains a strong presence across major financial hubs, operating from offices in London, Frankfurt, and Zurich.

This strategic integration significantly bolsters Zanders’ prowess in various critical areas, including financial risk modeling and validation, non-financial risk management, risk governance, and regulatory compliance.

This alignment of expertise perfectly resonates with Zanders’ core mission of assisting clients in navigating the intricate and ever-evolving landscape of risk.

#3. Centric Consulting purchases The Mako Group

Centric Consulting, headquartered in Dayton, Ohio, specializing in management and technology consulting, has successfully acquired The Mako Group, a cyber risk management company located in Carmel, Indiana.

Established in 2010, The Mako Group offers an array of cybersecurity services, including strategic planning, governance risk and compliance, audit and assurance, penetration testing, virtual chief information security officer (vCISO) assistance, and identity access management.

This strategic acquisition by Centric will empower the company to provide all-encompassing technological solutions aimed at effectively managing security and minimizing risks.

#4. BlueAlly buys Bay Area IT consultancy Strata Consulting

BlueAlly, an IT consulting company headquartered in Cary, North Carolina, has successfully completed the acquisition of Strata Consulting, an IT consultancy based in San Mateo, California.

Established in the year 2011, Strata Consulting specializes in offering a wide array of services including security, compliance, DevOps, and AWS Cloud. The firm collaborates with clients spanning the spectrum from startups to large enterprises across diverse industries, focusing on the delivery of robust and adaptable IT architecture solutions.

Through the strategic acquisition of Strata, BlueAlly is poised to enhance its portfolio of services, solidifying its market presence. Additionally, this acquisition affords BlueAlly the advantage of establishing a supplementary operational base in California.

Closing Thoughts

That’s it from us for this week. There were a handful of developments in the consulting M&A landscape over the past week, and we’ve diligently provided updates on all of them.

If by any chance we overlooked any M&A deals, please feel free to contact us and share the information. Also, keep an eye out for more consulting M&A updates in the upcoming week. Until then, goodbye for now!