Sia Partners acquires tech sector-focused Caiman Consulting
Paris-based global management and technology consultancy Sia Partners has acquired Caiman Consulting, a Seattle and Bay Area-based management consulting firm focusing on the tech sector.
Founded in 2004, Caiman Consulting delivers advisory and implementation solutions to the tech sector hotspots of Seattle and San Francisco. Its consulting offerings span operations, product, marketing, and company culture, among other areas. Caiman has completed hundreds of projects with tech clients ranging from high-growth startups to market-leading Fortune 500s.
The firm employs 70 consultants and has annual revenues of $15 million.
Caiman has now been acquired by French-origin consulting firm Sia Partners, further expanding the firm’s US ambitions, which began in 2012 with the purchase of the New York branch of OTC Conseil Group. The acquisition is part of Sia’s goal to have more than 500 consultants in the US by the end of 2020.
“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.”
Sia established its Seattle footprint earlier this year with the acquisition of management consultancy Loft9. The firm also this year bought Gartland & Mellina Group, a New York-based management and technology consulting firm focused on the financial services industry.
The addition of Caiman gives Sia Partners’ US operations an overall revenue of $76 million on a 12-month run rate basis.
Caiman’s managing partners – Raazi Imam, Sheri Iverson, and Marci Marra – will join Sia Partners’ US management team under US CEO Dan Connor. Imam will lead the new Sia Partners offices in San Jose and San Francisco, while Mark Birzell of Sia Partners will head the Seattle office.
“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,” Connor said.
Sia Partners delivers business strategy and digital transformation services to a wide range of industry clients across the globe. The firm touts its Consulting 4.0 approach which combines business consulting with artificial intelligence techniques and solutions. The company has more than 1,600 consultants in 16 countries, with annual revenues of $300 million.
