Sia Partners Acquires Caiman Consulting
NEW YORK--(BUSINESS WIRE)--Nov 4, 2019--
Sia Partners, a leading international independent management and AI consulting firm, announced today the acquisition of Caiman Consulting (“Caiman”), a management consulting firm focused on the tech Industry and is set to generate $15 million of revenue in 2019. Caiman has offices in Seattle and in the Bay Area, where it currently employs 70 consultants. The combined revenue of Sia Partners in the U.S. and Caiman totals $76 million in 2019 on a 12-month run rate basis.
Caiman’s Managing Partners, Raazi Imam, Sheri Iverson and Marci Marra, will join Sia Partners’ U.S. management team under the leadership of Dan Connor, CEO U.S. at Sia Partners. Raazi Imam will lead the newly-established Sia Partners’ offices in San Jose and San Francisco. Mark Birzell – from Sia Partners – will head the Seattle office.
“This transaction establishes Sia Partners as a leading consulting player in the Seattle market, with 100 expert consultants,” said Matthieu Courtecuisse, Founder and CEO of Sia Partners. “It also strengthens our global tech practice, which now represents 10% of our total revenue.”
“After 15 years of growing Caiman to become a leading and respected management consulting practice, it’s energizing to find a place that shares our intrinsic values and can help us scale the great digital transformation work we’ve been doing in the high-tech sector. We are impressed by Sia’s pioneering Consulting 4.0 approach and we believe that having a global footprint to serve our clients, notably in Dublin, London and Singapore along with a deep focus on AI, Data Science and Digital is a key differentiator as we continue to support our clients transform their businesses,” said Raazi Imam, CEO of Caiman.
“The combination of two pure consulting players, with strong focuses on innovation, is a natural one, as Caiman’s client portfolio and team’s expertise seamlessly complement Sia Partners’ existing capabilities on the West Coast. Caiman will help Sia Partners achieve its goal of over 500 consultants in the U.S. by the end of 2020. We are excited to welcome them,” said Dan Connor.
ABOUT SIA PARTNERS
Sia Partners is a next generation consulting firm focused on delivering superior value and tangible results to its clients as they navigate the digital revolution. With over 1,600 consultants in 16 countries, the firm will generate annual revenue of USD 300 million in the current fiscal year. Its global footprint and expertise in more than 30 sectors and services allow Sia Partners to accompany its clients worldwide, guiding their projects and initiatives in strategy, business transformation, IT & digital strategy and Data Science. As the pioneer of Consulting 4.0, Sia Partners applies proprietary innovative software applications and AI in its client solutions.
Sia Partners works with more than 50 blue-chip companies in the U.S. across six main sectors including banking, energy and utilities, insurance, technology, transportation, and healthcare. The firm differentiates itself by applying its innovative Consulting 4.0 approach that combines management consulting skills with AI techniques.
ABOUT CAIMAN CONSULTING
Caiman Consulting was founded in 2004 to provide advisory and implementation solutions to the Tech Industry in Seattle and San Francisco.
View source version on businesswire.com:https://www.businesswire.com/news/home/20191104005696/en/
CONTACT: Sia Partners and Caiman Consulting
Phone: + 33 (0)1 53 96 83 83
KEYWORD: NEW YORK UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES CONSULTING
SOURCE: Sia Partners
Copyright Business Wire 2019.
PUB: 11/04/2019 12:00 PM/DISC: 11/04/2019 12:01 PM