|By PR Newswire||
|November 7, 2012 09:44 PM EST||
CAMBRIDGE, Mass., Nov. 7, 2012 /PRNewswire/ -- Monitor Company Group Limited Partnership, one of the world's most prestigious strategy consulting firms, today announced that it has agreed to join forces with Deloitte, one of the world's largest professional services providers. The transaction is subject to certain conditions and Monitor expects it to close as soon as practicable following their satisfactory completion.
Under the asset purchase agreement with Monitor, Deloitte Consulting LLP will acquire Monitor's U.S. practice, and practices outside the U.S. will be acquired by certain other member firms of Deloitte Touche Tohmatsu Limited. Upon closing of the transaction, Monitor's and Deloitte's Strategy consulting practices will combine to forge a new and preeminent global presence in the industry, bolstered by Deloitte's leadership and reputation globally. The complementary strengths of the two organizations will be manifest from the outset, creating:
- A confirmed leader in strategy consultancy
- One of the largest life sciences strategy practices
- One of the largest marketing strategy practices
- A broad-reaching innovation strategy and execution practice
Bansi Nagji, President of Monitor, states: "Monitor has built a unique brand in the field of strategy consulting over 30 years, renowned for highly customized client solutions and world class intellectual property and thought leadership. Our talent base – from partners to employees – is of the highest quality, working collaboratively across borders to serve our outstanding network of global clients. The opportunity to marry these qualities with the extraordinary strengths of Deloitte, and to invest together to serve our clients' rapidly evolving needs, is hugely motivating."
Michael Canning, national managing director of Deloitte Consulting LLP's Strategy & Operations practice, adds, "We have long admired Monitor for its excellence in strategy consulting and we are excited about the fit and compatibility of our practices. Deloitte and Monitor leadership will work closely together to capture the best of both organizations and enhance our capabilities as world-class global strategy practices that provide clients with exceptional value. The combination of practices with Monitor's will further accelerate Deloitte's growth in the strategy space and what we develop together will reshape our industry. I look forward to working closely with my new colleagues from Monitor as we bring that vision to life."
This transaction combines Monitor's well-regarded brand, strong thought leadership and top-notch talent with Deloitte's extraordinary reach, access, and resources. Monitor complements Deloitte with global expertise in customer and market strategy, corporate and business unit strategy and innovation, and a particular focus on life sciences and consumer products.
Increasing demand for tighter integration between strategy and implementation makes Monitor and Deloitte a natural fit. As a pure-play strategy consultant, Monitor was facing increasing financial pressure as a stand-alone business. The recent economic downturn drove Monitor to evaluate its strategic options and determine that Deloitte was not only the right strategic match, but also provided the opportunity for substantial short-term and long-term growth as well as opportunities for its employees and clients.
To help facilitate this proposed transaction and preserve the firm's considerable value as a going concern, the assets will be sold by means of a court-approved sale under Section 363 of the U.S. Bankruptcy Code. The transaction with Deloitte would be completed following approval of the U.S. Bankruptcy Court in Wilmington, Delaware and is subject to, among other things, higher or otherwise better offers, as well as regulatory approvals.
Monitor intends to continue serving its clients in the ordinary course and has filed a number of customary motions seeking court authorization to continue to support its business operations.
Founded in 1983, Monitor Company Group LP (www.monitor.com) is a global consulting firm headquartered in Cambridge, Massachusetts. The firm advises for-profit, sovereign, and non-profit clients in growing their businesses and economies and furthering their charitable purposes. Monitor creates and sustains leading, world-class capabilities in the management disciplines essential to growth – including strategy, marketing, organizational design and innovation – and brings those capabilities to bear in a pragmatic and customized way for clients. Monitor authors have published more than 80 articles in leading business journals and have published some of the most influential business strategy books of the last 25 years.
Contact: Eamonn Kelly
Email: [email protected]
Phone: 415 932 5358
SOURCE Monitor Group
The 5th International DevOps Summit, co-located with 17th International Cloud Expo – being held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the...
Apr. 18, 2015 11:30 AM EDT Reads: 1,980
SYS-CON Events announced today that ProfitBricks, the provider of painless cloud infrastructure, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY., and the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. ProfitBricks is the IaaS provider that offers a painless cloud experience for all IT users, with no learning curve. ...
Apr. 18, 2015 11:00 AM EDT Reads: 1,397
With IoT exploding, massive data will transform businesses with opportunities to monetize almost anything that can be measured. In this C-Level Roundtable Discussion at @ThingsExpo, Brendan O’Brien, Aria Systems Co-founder and Chief Evangelist, will lead an expert panel of consultants, thought leaders and practitioners who will look at these new monetization trends, discuss the implications, and detail lessons learned from their collective experience. Finally, the panel will point the way forw...
Apr. 18, 2015 11:00 AM EDT Reads: 1,384
How do you securely enable access to your applications in AWS without exposing any attack surfaces? The answer is usually very complicated because application environments morph over time in response to growing requirements from your employee base, your partners and your customers. In his session at 16th Cloud Expo, Haseeb Budhani, CEO and Co-founder of Soha, will share five common approaches that DevOps teams follow to secure access to applications deployed in AWS, Azure, etc., and the frict...
Apr. 18, 2015 11:00 AM EDT Reads: 1,354
SYS-CON Events announced today that Column Technologies, a global technology solutions company, will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. Established in 1998, Column Technologies is a leader in application performance and infrastructure management for commercial and federal markets. The company is headquartered in the United States, with a diverse and talented team of more than 350 employees around th...
Apr. 18, 2015 10:00 AM EDT Reads: 1,499
ProfitBricks has launched its new DevOps Central and REST API, along with support for three multi-cloud libraries and a Python SDK. This, combined with its already existing SOAP API and its new RESTful API, moves ProfitBricks into a position to better serve the DevOps community and provide the ability to automate cloud infrastructure in a multi-cloud world. Following this momentum, ProfitBricks has also introduced several libraries that enable developers to use their favorite language to code ...
Apr. 18, 2015 09:30 AM EDT Reads: 1,274
SYS-CON Media announced today that John Treadway’s blog has exceeded 475,000 page views. John Treadway, Vice President at Cloud Technology Partners, has surpassed 475,000 page views on the SYS-CON family of online magazines, which includes Cloud Computing Journal, Internet of Things Journal, Big Data Journal, Microservices Journal, and several others. His blog home page at SYS-CON can be found at JohnTreadway.SYS-CON.com.
Apr. 18, 2015 09:15 AM EDT Reads: 1,345
SYS-CON Media announced today that Blue Box as launched a popular blog feed on Cloud Computing Journal. Cloud Computing Journal aims to help open the eyes of Enterprise IT professionals to the economics and strategies that utility/cloud computing provides. Blue Box Cloud gives you unequaled agility, without the burden of designing, deploying and managing your own infrastructure. It’s the right choice when public cloud just won’t do. Blue Box Cloud is a managed Private Cloud as a Service (...
Apr. 18, 2015 08:00 AM EDT Reads: 1,240
SOASTA, the leader in performance analytics, today reported record growth of the CloudTest community, exceeding 30,000 registered users of the CloudTest platform in Q1 2015. SOASTA also announced widespread adoption of its Web and mobile testing solutions, with more than 1,600 customers completing more than 285,000 tests using CloudTest during the quarter. This rapid growth shows that DevOps-driven digital businesses are embracing a more continuous approach to testing, and CloudTest is meeting t...
Apr. 18, 2015 08:00 AM EDT Reads: 982
SYS-CON Events announced today that Ciqada will exhibit at SYS-CON's @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Ciqada™ makes it easy to connect your products to the Internet. By integrating key components - hardware, servers, dashboards, and mobile apps - into an easy-to-use, configurable system, your products can quickly and securely join the internet of things. With remote monitoring, control, and alert messaging capability, you will mee...
Apr. 18, 2015 07:00 AM EDT Reads: 1,550
SYS-CON Events announced today that GENBAND, a leading developer of real time communications software solutions, has been named “Silver Sponsor” of SYS-CON's WebRTC Summit, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. The GENBAND team will be on hand to demonstrate their newest product, Kandy. Kandy is a communications Platform-as-a-Service (PaaS) that enables companies to seamlessly integrate more human communications into their Web and mobile applicatio...
Apr. 18, 2015 06:00 AM EDT Reads: 2,222
SYS-CON Events announced today that BroadSoft, the leading global provider of Unified Communications and Collaboration (UCC) services to operators worldwide, has been named “Gold Sponsor” of SYS-CON's WebRTC Summit, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. BroadSoft is the leading provider of software and services that enable mobile, fixed-line and cable service providers to offer Unified Communications over their Internet Protocol networks. The Compa...
Apr. 18, 2015 05:30 AM EDT Reads: 2,151
VoxImplant has announced full WebRTC support in the newest versions of its Android SDK and iOS SDK. The updated SDKs, which enable audio and video calls on mobile devices, are now compatible with the WebRTC standard to allow any mobile app to communicate with WebRTC-enabled browsers, including Google Chrome, Mozilla Firefox, Opera, and, when available, Microsoft Spartan. The WebRTC-updated SDKs represent VoxImplant's continued leadership in simplifying the development of real-time communication...
Apr. 18, 2015 02:45 AM EDT Reads: 1,786
Chef and Canonical announced a partnership to integrate and distribute Chef with Ubuntu. Canonical is integrating the Chef automation platform with Canonical's Machine-As-A-Service (MAAS), enabling users to automate the provisioning, configuration and deployment of bare metal compute resources in the data center. Canonical is packaging Chef 12 server in upcoming distributions of its Ubuntu open source operating system and will provide commercial support for Chef within its user base.
Apr. 18, 2015 01:45 AM EDT Reads: 1,705
The IoT Bootcamp is coming to Cloud Expo | @ThingsExpo on June 9-10 at the Javits Center in New York. Instructor. Registration is now available at http://iotbootcamp.sys-con.com/ Instructor Janakiram MSV previously taught the famously successful Multi-Cloud Bootcamp at Cloud Expo | @ThingsExpo in November in Santa Clara. Now he is expanding the focus to Janakiram is the founder and CTO of Get Cloud Ready Consulting, a niche Cloud Migration and Cloud Operations firm that recently got acquir...
Apr. 18, 2015 01:00 AM EDT Reads: 900