Endava and Bain launch integrated IT due diligence product
London-based IT consulting firm Endava has launched an IT due diligence product in collaboration with strategy firm Bain & Company.
Bain & Company entered a global strategic alliance with Endava last year in order to combine its business consulting expertise with Endava’s technology and engineering capabilities. Bain had previously taken an ownership stake in the IT services firm during its July 2018 initial public offering on the New York Stock Exchange.
Founded in 2000, Endava focuses on digital transformation, assisting clients from idea generation to development to deployment of digital platforms and solutions. The company has 5,754 employees across offices in North America and Western Europe, and delivery centers in Latin America and Eastern Europe.
Bain and Endava have provided IT due diligence services to the global private equity space over the past year, and have now officially launched their integrated offering – which includes IT and core technology assessment, a future-back assessment of digital readiness, and value creation plan assessment.
Bain brings its commercial and operational due diligence expertise and strong relationships in the private equity space, while Endava brings its skillset in IT and next-generation technologies.
“This product allows us to respond in a unique way to a growing need from many private equity funds: a deeply integrated proposition, combining Bain’s core skillset in commercial due diligence with Endava’s deep technical expertise,” said Roberto Fiorello, director at Bain & Company.
Value creation through technology has become a key part of private equity deals in the context of a hyper-digitalizing business environment. Dealmakers and advisors must now examine the impacts of technology disruption, competitive advantage from proprietary IT and digital capabilities, as well as the scalability of current tech assets.
“Private equity funds can gain access to significant expertise through our partnership based on their needs and I am delighted to head this effort for Endava,” said Jourik Migom, global SVP of strategy acceleration at Endava.
The partnership follows on Endava’s acquisition of Scotland-based Intuitus, a provider of due diligence and technology advisory services to private equity clients. Endava will leverage the resources of the recent bolt-on to support the new collaborative offering with Bain.
Bain & Company is one of the foremost global strategy consultancies, alongside McKinsey and BCG, with the trio often referred to as the “Big Three strategy firms” or the “MBB consulting firms.” Bain is headquartered in Boston, and has more than 10,000 employees across 61 global locations.
