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Segal Advisors Acquires Investment Advisory Firm, Rogerscasey Monadnock Research - 3 February 2012 Segal Advisors has acquired Rogerscasey, a global investment solutions firm that serves institutional asset owners and others. Segal Advisors is an SEC-registered investment consulting subsidiary of the Segal Group. The combined entity, Segal Rogerscasey, has more than 325 clients with worldwide advisory assets of around $400 billion. The firm is privately held with headquarters in New York and offices in Atlanta, Boston, Chicago, Cleveland, Darien, Houston, Los Angeles, Toronto and Ireland. Rogerscasey Canada is also part of the transaction. (320 words) . . . More
KPMG Acquires Thomson Reuters' Tax Managed Services Consultancy Monadnock Research - 2 February 2012 KPMG has acquired the indirect tax compliance services business of Thomson Reuters Inc. (TRI). The business, TRI's ONESOURCE Indirect Tax Managed Services business, will become part of KPMG's Indirect Tax Compliance Services. That KPMG unit is part of the US firm's existing State and Local Tax (SALT) practice and its Global Indirect Tax Service offering provided by KPMG member firms throughout the world. KPMG says it will maintain an ongoing relationship with Thomson Reuters through the continued use of Thomson Reuters' underlying technology to power the US-based services. (620 words) . . . More
Deloitte Onch Launches in Mongolia Deloitte Touche Tohmatsu Limited (DTTL) has established a new member firm in Mongolia after reaching an agreement with Mongolian professional services firm Onch Audit. The new firm, Deloitte Onch LLC, will offer a full range of professional services in addition to audit, including consulting, financial advisory and tax to clients in Mongolia. Mongolia is one of the fastest-growing markets in the world, with significant untapped natural resources in gold, copper, coal, molybdenum, fluorspar, uranium, tin and tungsten. Deloitte Onch will continue to be led by its founder, Ms. Onchinsuren Dendevsambuu. (460 words) . . . More
CIBER to Exit US Federal Services Marketplace Monadnock Research - 24 January 2012 IT consulting, services and managed services firm CIBER, Inc. (NYSE: CBR) has agreed to sell its Federal Division and associated assets to Veritas Capital portfolio company, CRGT Inc. CIBER will receive $40 million in cash, subject to certain adjustments. CRGT is a leading provider of emerging technology solutions for US Federal clients. Veritas Capital acquired CRGT in 2008, when it was spun out of CherryRoad. CIBER says it is selling the operation to refine its strategic focus, and mix of industries and service areas. The transaction remains subject to certain closing conditions and is expected to close by the end of April. (730 words) . . . More
BearingPoint Makes Investment in Analytics Software and Services Firm, Effiscience Monadnock Research - 23 January 2012 European management and IT consultancy, BearingPoint, has made a controlling investment in business analytics software and services firm, Effiscience. BearingPoint acquired 51% of Effiscience, the parent of HyperCube. The firm says the transaction will help it address business performance challenges facing clients as they figure out how to more effectively process the ever-expanding stores of data generated by business processes. The HyperCube non-statistical approach to data analysis has incorporated more than fifteen years of advanced mathematical research into its development. Clients span a number of industries, with concentrations in pharmaceuticals, biotech, financial services and communications. BearingPoint currently employs around 3,200 staff in 15 countries. (340 words) . . . More
Consulting Leadership News: Ernst & Young, L.E.K., Huron, ECS, PA Consulting, KPMG and Aon Hewitt Monadnock Research - 20 January 2012 Ernst & Young appoints Mark Weinberger as next Global CEO and Chairperson. L.E.K. names Stuart Jackson North America President; Appoints 6 new Partners. Huron appoints former Accenture executive as Managing Director and leader of Clinical Solutions practice. Huron promotes Gerri Birg, Sandra Dodds, Michael Gladson, Neera Gupta, Michael Kemper, Jason Moebius, Scott Pillittere and Joe Sneddon to Managing Director. ECS appoints George Wilson as President. PA Consulting names Dave Smith Group Technology Leader. Andrea Schaffell named Director of PA Shared Services and Outsourcing practice. KPMG appoints David Hansell Head of global Human Social Services practice. Aon Hewitt's Head of Investment Consulting, Andrew Tunningly, departs. (1,825 words) . . . More
And in other news: Ernst & Young, Aon Hewitt, ECS and Navigant Monadnock Research - 18 January 2012 Operational Risk & Regulation Magazine releases results of its 2011 consultancy rankings of the top 10 operational risk management consulting practices. Ernst & Young takes the top spot in anti-money laundering, corporate governance, regulation strategy, Basil II and III, treating customers fairly, fraud and financial crime prevention, and enterprise-wide compliance and risk management strategy. Aon Hewitt signs agreement with Birches Group to remarket compensation surveys. ECS acquires Paradigm Technologies. Navigant shareholder sues, claiming excessive executive compensation. (753 words) . . . More
Infosys to Buy Strategic Sourcing and Category Management Outsourcer, Portland Group Monadnock Research - 13 January 2012 Infosys BPO Limited, the business process outsourcing unit of Infosys Limited, has signing a definitive agreement to acquire Australia-based Portland Group Pty Ltd, a leading provider of strategic sourcing and category management services. The deal was originally expected to be completed in early January, subject to closing conditions. But it has been delayed. Portland Group was founded in 1999, is headquartered in Sydney and has offices in Melbourne, Brisbane, and Perth. The company reported revenues of around $31.3 million (AUD) for its fiscal 2011, ended 30 June. Portland has 113 professionals. The transaction value was around $37 million (AUD). (300 words) . . . More
PA Consulting Acquires Security Consultancy, 7Safe Monadnock Research - 12 January 2012 PA Consulting Group has acquired Cambridge-based cyber security consulting firm, 7Safe Ltd. 7Safe provides services in the areas of security risk assessment, computer forensics, eDiscovery and education. PA says it complements the firm's cyber security, risk and resilience capabilities, areas in high demand by public and private sector clients. (430 words) . . . More
Deloitte Acquires Mobile Agency, Ubermind Monadnock Research - 6 January 2012 Deloitte has closed a transaction acquiring Seattle-based mobile strategy, engineering, design and creative talent consultancy Ubermind. Deloitte says Ubermind works with companies to transform the way they use and present their brand through mobile devices, employing disruptive technologies to create mobile applications designed to both strengthen brand and transform the business. The transaction also brings to Deloitte a portfolio of proprietary frameworks and methodologies that are customized to the mobile development lifecycle. Ubermind CEO Shehryar Khan and company founder Donald Brady will join Deloitte Consulting as principals. (295 words) . . . More
Salibello and Broder Merge Audit and Advisory Practice into BDO USA Monadnock Research - 5 January 2012 BDO USA as merged Salibello & Broder into the firm's New York and Los Angeles practices. Six direct entry partners will join the firm, along with about 60 other professionals and support staff. Salibello & Broder was founded in 1978 and is a full-service accounting, tax and business advisory firm serving commercial and public service clients, The firm is a leading servicer of employee benefit plans, entertainment, apparel and high-net-worth clients throughout the US. Salibello & Broder's fifty-seven staff members are based in New York and eight in Los Angeles. Those individuals will relocate to BDO facilities in the coming year. (340 words) . . . More
ICF International Completes Acquisition of Ironworks Consulting Monadnock Research - 4 January 2012 ICF International has closed on its acquisition of Ironworks Consulting, an interactive web development firm that provides customer engagement services across web, mobile and social media platforms to large clients in healthcare, energy, financial services, U.S. federal agencies and nonprofit organizations. The firm was founded in 2001, and offers integrated customer engagement applications, including interactive, portal and content management systems, and business and IT alignment services. ICF paid around $100 million for Ironworks. (245 words) . . . More
Arthur D. Little Completes Global Management Buyout; Again Owned By Partners Monadnock Research - 2 January 2012 Arthur D. Little successfully completed its Management Buy-Out (MBO) with Altran Technologies on 30 December 2011. ADL, now in its 125th year in various forms, was founded in 1886 and was the world's first management consulting firm. The transaction returns ADL to a global private partnership, with all equity held by its Partners. The MBO deal includes all worldwide offices and retention of the Arthur D. Little brand. The firm says the financial commitment required from Partners was oversubscribed and Altran will provide vendor financing to support the firm's development in the years ahead. ADL now has around 1,000 staff serving clients in 20 countries. The firm provides services in the areas of strategy, technology and innovation. Ignacio GARCIA ALVES, leader of the MBO team that managed the acquisition by its Partners, is the newly elected global CEO. (390 words) . . . More
Expert Network Consultant Sentenced to 40 Months for Insider Trading Scheme Monadnock Research - 21 December 2011 James Fleishman, a sales manager at expert network consultancy Primary Global Research (PGR), was sentenced in Manhattan Federal Court to 30 months in prison for his role in an insider trading scheme. Fleishman was found guilty of helping pass inside information about publicly traded companies to executives at several hedge funds so they could trade ahead of its public release. He had been convicted on 20 September 2011 after a three-week trial. Fleishman, 42, of Santa Clara, California, was also sentenced to two years of supervised release in addition to his prison term. (355 words) . . . More
And in other news: Accenture, Oracle, US Justice Department, BCG, CBIZ, Warbird Consulting and Monadnock Research Monadnock Research - 20 December 2011 Accenture Consulting Revenues Increase by 14% in Q1 2012; Issues Cautious Outlook. Oracle growth hits the brakes in current quarter; Services revenues dip slightly. US Justice Department Records $3 Billion in 2011 Fraud Settlements. FINRA Attacks BCG Report. CBIZ acquires defined benefit consulting practice of PSA Insurance. Former Huron principals Launch Warbird Consulting. Monadnock Research Publishes Compilation of 2011 Consulting Rate Research. (1,150 words) . . . More
Consulting Leadership News: Roland Berger Strategy Consultants, Simon Kucher, Heidrick & Struggles, KPMG, PricewaterhouseCoopers, Ernst & Young, Capgemini, FTI Consulting, Charles River Associates, Aon Hewitt, Celerant, CACI, CSC and Booz Allen Monadnock Research - 15 December 2011 Roland Berger opens offices in Jakarta, Dubai and Lagos; Appoints 26 new international Partners; Partners elect two new Supervisory Board Members. Simon-Kucher appoints 8 new Partners. FTI opens new office in Jakarta. Rebecca Szelc joins Charles River as a Vice President in Financial Accounting & Valuation practice. Linda Zimmerman joins Aon Hewitt as Senior Vice President and Global Marketing Leader. KPMG appoints Janet Davidson as Head of the Global Healthcare Center of Excellence. PricewaterhouseCoopers names Erik Hansen as Partner in Risk Assurance Services practice; Pamela F. Olson joins as Deputy Tax Leader and Leader of Washington National Tax Services practice. Capgemini Appoints Dee Burger as Telecom, Media and Entertainment Practice Sector Lead and Jean-Marc Steffann as Vice President. Navigant appoints Jim Vint Managing Director, and Kevin Blake and Kevin Byrne as Directors within the Technology Solutions practice; Karin Corfee as Managing Director in Energy Practice. Ernst & Young appoints Brendan LeBlanc as Executive Director in Americas Climate Change and Sustainability Services practice, and Chris Walker as Associate Director. Celerant appoints Neil Eurick as Vice President in Global Metals and Mining Practice. Mike Shove named COO CSC Managed Services; Andrew Anker appointed President, CSC Asia Group Operations; Chris DePippo named Vice President, Chief Ethics and Compliance Officer. Booz Allen Appoints Thad Allen as Senior Vice President. CACI US President, William Fairl, to Retire, Moves to Chief Development Officer Role; CACI COO, Daniel Allen, elevated to President of US Operations; Krisstie Kondrotis as Executive Vice President, Business Development. Booz Allen Appoints Thad Allen as Senior Vice President. (6,800 words) . . . More
Monadnock Research Publishes Compilation of 2011 Consulting & Advisory Services Rate Research Monadnock Research (Vol IV, No 42) - 3 Dec 2011 This report (2011 Consulting and Advisory Services Rates - Vol IV, No 42) provides the Monadnock Research analysis of consulting rates from a series of comprehensive studies on negotiated client rates from organizations across a number of industries. Rates have been analyzed and presented across the entire range of consulting practice areas, including: Strategy, Operations, Human Capital, Information Technology, and Financial, Transaction and Risk Advisory. "We thank the many client organizations that made this series of consulting rate research possible," said Mark O'Connor, Monadnock Research CEO and Cofounder. "We believe that the analysis presented in this research report, and that of the previously published practice area reports, represents the most comprehensive study of consulting and advisory services rates ever published." The report is more than 225 pages in length, with over 190 charts and tables. For clients that have purchased individual practice area reports published throughout 2011, this report contains full detail for each of those reports. More information, including a detailed table of contents, can be reviewed on the report summary page: http://www.monadnockresearch.net/products/item54.cfm (460 words) . . . More
And in other news: SAP, Bain, KPMG, Mercer and Gingrich Group Monadnock Research - 3 December 2011 SAP to Acquire Human Capital Management Cloud Services Firm, Success Factors. Bain & Co. Appoints Bob Becheck as Worldwide Managing Director. KPMG introduces corporate business intelligence risk management service for corporate clients. Mercer to acquire Alicia Smith & Associates; Closes acquisition of Censeo. Gingrich faces questions about influence peddling under cloak of "consulting". (693 words) . . . More
PwC Partners with Human Capital Consultancy, Aasonn Monadnock Research - 30 Nov 2011 MR - PricewaterhouseCoopers has formed a strategic alliance with Aasonn, a global human capital management (HCM) consulting and technology services company. Aasonn is a global HCM consulting and technology services firm that serves clients in more than 30 countries worldwide from offices in the US, Europe and Asia Pacific . It has application expertise in SuccessFactors and HCM capabilities across multiple industries and HR functions. (250 words) . . . More
Green Consulting Practices Assessed in Verdantix Report Monadnock Research - 15 Nov 2011 MR - Verdantix, an independent research firm providing services in the area of sustainable business practices, recently published the results of its 2011 UK Green Quadrant Sustainability Business Consulting study. According to Verdantix, in the last four years a combination of increasing energy expenditures, climate change policy, new market opportunities and shifting competitive dynamics has encouraged FTSE 100 firms to invest in more ambitious corporate sustainability strategies. The Green Quadrant report is positioned to help client business leaders and procurement professionals by presenting a fact-based comparison of the 14 sustainability business consulting firms most active in the UK market. Many of these firms also have top sustainability practice in other global regions. The report found that the following four firms currently lead the UK sustainability consulting market: Deloitte, Ernst & Young, KPMG and PwC. Their position is due to the breadth of their service offerings; depth of expertise in sustainability; and significant investments in internal sustainability programs. The report also found that Accenture, ARUP, Camco, McKinsey and WSP Environment & Energy all have strong practices that are well positioned to address client requirements across the seven sustainability areas assessed in the report. (500 words) . . . More
P&G Awards Ernst & Young and Infosys for Supplier Excellence Monadnock Research - 10 November 2011 MR - P&G conferred its highest supplier honor, Business Partner of the Year, upon Ernst & Young, Infosys, and 10 other companies for 2011. E&Y was honored for its non-audit advisory work. P&G has more than 75,000 suppliers globally. This year under 1% of its partners were among those selected for awards. Business partners consistently performing at high levels within P&G's internal performance management system earned an Excellence Award. A total of 86 external partners were recognized this year. Beyond Business Partner of the Year recipients Ernst & Young and Infosys, 12 firms providing consulting services as part of their offering were also 2011 Excellence Award recipients. (450 words) . . . More
Consulting Leadership News: Korn/Ferry, CSC, KPMG, BDO, Cushman & Wakefield, PwC, CGI, E&Y, Celerant, Navigant, Alvarez & Marsal, BearingPoint, Huron, Campbell-Hill Monadnock Research - 27 Oct 2011 MR - Korn/Ferry appoints Chuck Feltz as President of its Lominger products business. CSC CEO and Chairman, Michael Laphen, to retire. KPMG LLP Names Steven Hill Vice Chair, Strategic Investments. Sixty staff and 6 partners join BDO USA from Carneiro Chumney & Co. Cushman & Wakefield cuts staff and shifts focus from Dubai to Bahrain. CGI appoints George Schindler President of US operations and Ken Taylor as Vice-President, Cybersecurity. PwC names Dietmar Ostermann Global Automotive Advisory Leader. PwC appoints Eric Israel and Clinton Moloney as Managing Directors in Sustainability Business Solutions practice. Martin Steinbach appointed to lead Ernst& Young's IPO Center. BDO Consulting names Drew Olson to expand litigation and fraud investigation within Chicago Insurance practice. Celerant appoints Neil Eurick as Vice President within Metals and Mining practice. BearingPoint hires Rob Staples as Partner in UK Communications practice. Navigant appoints nine senior consulting professionals. Alvarez & Marsal appoints Lou Pahountis as Managing Director. Huron names Joel Feliciano as Managing Director. AirTran Senior Executive Kevin Healy Joins Campbell-Hill Aviation Group; Eric K. Ford joins as Vice President. (2,735 words) . . . More
And in other news: CSC, HP, Deloitte, Accenture, and McKinsey Monadnock Research - 25 October 2011 (MR) CSC takes heat for repeated Google apps delays at the City of Los Angeles, highlighting the down-side of information security concerns for cloud-based applications. HP decides to retain PC division to maintain breadth of client systems, software and services offerings. Accenture completes acquisition of Zenta. Deloitte signs strategic partnership with QlikTech for business discovery. Deloitte expands cloud consulting offering. Accenture Launches Global Social Media Innovation Center in Silicon Valley. CSC introduces FutureEdge, to help clients modernize in-house developed application portfolios. Accenture and Guidewire settle patent litigation; Guidewire to pay undisclosed sum and firms agree to cross-license patents. Former McKinsey consultant, Reza Banki, released from jail after convictions on three of five charges are reversed on appeal. (1,676 words) . . . More
Accenture Acquires Controlling Interest in Al Faisaliah Business & Technology Company Monadnock Research - 25 October 2011 MR - Accenture and Al Faisaliah Group have concluded a joint venture that strengthens the combined firms' IT capabilities in the Middle East. Accenture has acquired a majority stake in Al Faisaliah Business & Technology Company (FBTC), a subsidiary of the Saudi Arabia-based Al Faisaliah Group. The joint venture combines FBTC's Middle East presence and skills in enterprise architecture, systems implementation and technology consulting, with Accenture's management consulting, technology and outsourcing expertise, industry competencies, global delivery capabilities, and focus on innovation. FBTC will be re-named Accenture and will become part of the Accenture global network. (330 words) . . . More
KPMG Completes Acquisition of Optimum Solutions Monadnock Research - 20 October 2011 MR - KPMG has completed its acquisition of Optimum Solutions, a leading provider of management consulting and implementation services for Oracle's enterprise software. KPMG says the Optimum acquisition strengthens its Oracle consulting business, helping clients use technology to transform key operations such as human capital management (HCM), finance and accounting, business intelligence and supply chain management. (730 words) . . . More
Oracle to Pay $199.5 Million to Settle Claims Involving Software and Support Services Procurement Violations Monadnock Research - 11 October 2011 MR - Oracle has agreed to pay $199.5 million plus interest for failing to meet its General Services Administration (GSA) contractual obligations. The Oracle settlement is the largest False Claims Act resolution ever obtained by the GSA. The agreement relates to a contract entered into with Oracle in 1998 to license software and technical support services to government entities through the GSA's MAS program. Former Oracle employee, Paul Frascella, will receive $40 million as his share of the recovery in the case. The settlement resolves his lawsuit filed on behalf of the US government under the whistle-blower provisions of the False Claims Act. In the US, private citizens can bring lawsuits on behalf of the US and will receive up to 25 percent of any recovery. (600 words) . . . More
KPMG Acquires UK Strategic IT Advisory, Xantus Monadnock Research - 5 October 2011 MR - KPMG has acquired Xantus, a leading UK-based IT strategic advisory services firm. Xantus' services span the range of strategic and operational change including IT due diligence, market assessment, IT strategies and sourcing solutions, operating model design and expert program delivery. The deal expands KPMG's advisory capabilities, particularly at the Board and CIO levels. (430 words) . . . More
Navigant Buys Boutique Consultancy, Paragon Health Monadnock Research - 5 October 2011 MR - Navigant has acquired Paragon Health, a leading US physician practice management and consulting firm that focuses on Cardiovascular specialty practices. Paragon Health provides a range of cardiovascular management and consulting services to US clients in cardiovascular program strategy, assessment and development. Paragon's Founder and President, Jim Palazzo, will direct the Practice Management team within Navigant Healthcare. (356 words) . . . More
Baker Acquires RBF Consulting for $50 Million Monadnock Research - 3 October 2011 MR - Engineering services consultancy, RBF Consulting, has been acquired by Michael Baker Corporation for $50 million. RBF is a 540-person engineering, planning, surveying and environmental services firm based in Irvine, California. The firms say the acquisition significantly expands Baker's presence in the Western U.S. transportation, civil and environmental infrastructure markets and, through its water resources experience and expertise, provides a platform for Baker to build a national water and wastewater practice. RBF Consulting was established in 1944, and has 17 US offices in California, Nevada and Arizona. RBF had 2010 revenues of around $103 million. The .5 times revenue multiple is extremely low, even in tough economic times for a non-distressed sale. (570 words) . . . More
SAIC Settles US FCA Suit for $22 Million Involving Procurement Improprieties at Stennis Space Center Monadnock Research - 30 Sept 2011 MR - Science Applications International (SAIC) and others have settled a False Claims Act (FCA) suit for $22 million. The case involved procurement improprieties at the National Center for Critical Information Processing and Storage at Mississippi's Stennis Space Center. SAIC, subcontractor Applied Enterprise Solutions LLC (AES), AES CEO Dale Galloway, and former US government employees Stephen Adamec and Robert Knesel will pay the US $22.676 million to resolve allegations of false claims in a whistleblower suit. SAIC will pay $20.4 million in the settlement. AES and Dale Galloway will pay $2.166 million; and Adamec and Knesel will pay $110,000. The Justice Department's FCA settlements since January 2009 have been over $7.8 billion. (470 words) . . . More
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