Sia Partners

Sia Partners is a management consulting firm that serves the following industries: Banking, Insurance, Healthcare, Telecommunications & Media, Energy, Resources & Utilities, Transportation & Logistics, Industry and Retail, Government, and Tech. The firm is totally independent from providers of software and audit firms. Sia Partners strategic plan, Consulting 4.0, aims at "leveraging AI, emerging tech and open innovation for augmented consultants[1]". Its new ambition, Consulting for Good, "describes Sia Partners’ ambition to be a purpose-driven company with CSR at its core," with the belief that "beyond [their] own policies, practices, and culture, [their] comprehensive approach integrates CSR into innovative offerings for [their] clients worldwide, working across [their] four Labs for Good."[2]

Sia Partners
TypePublic limited company
IndustryManagement Consulting
Founded1999
HeadquartersParis, France
Area served
Global
Key people
Matthieu Courtecuisse, CEO
Revenue$300,000,000 (2020)
Number of employees
1,800 (2020)
Websitesia-partners.com

The group has an international presence with offices in 18 countries, and counts 1,800 consultants with a projected revenue of 300 million USD (2019/2020). Sia Partners is run by an international management team and organized as a partnership.

History

Co-founded in 1999 by Matthieu Courtecuisse (who graduated from ENSAE ParisTech in 1995), the firm started out in Paris in the financial services industry before developing expertise in other industries including: energy, telecommunications and media, transportation and logistics, manufacturing, government, actuarial sciences and CRM.[3]

The firm established offices in Belgium (in Brussels since 2006), Italy (Rome and Milan since 2006) and Morocco (in Casablanca since 2007).[4]

In September 2008, Sia Partners acquired EDS Consulting Services France (formerly AT Kearney Interactive), a firm of 20 consultants.[5] Prior to this, the American information technology group Hewlett-Packard (HP) had acquired the computer engineering services arm of EDS (Electronic Data Systems).

In November 2010, Sia Partners acquired the company Axelboss, the management consulting arm of the company Valtech. This increased the firm's headcount from around 30 to almost 300 (50 of whom located in five foreign cities).[6]

In August 2012, Sia Partners acquired OTC Americas, the New York branch of the OTC Conseil group.[7] This acquisition aimed at reinforcing the firm's international presence and proximity to investment banks. This international expansion was reinforced in October 2012, when the previously established companies Sia Conseil France and Sia Conseil Maroc changed their names to the international brand name Sia Partners.

In September 2013, Sia Partners announced the acquisition of the international management consulting arm of the Investance group, a management consultancy and services company in the finance industry. This acquisition brought with it 60 consultants and three new sites: London (20 consultants), Hong Kong and Singapore (20 consultants).[8] It also led to the Sia Partners team in New York doubling in size to reach 40 consultants.[9]

In February 2014, Sia Partners strengthened its procurement services offering through the acquisition of the firm Sourcing France (formerly Factea France)[10] In August 2014, Sia Partners opened a second North American office in North America, in Montreal in Canada. In April 2015, it opened its third office in Asia, in Tokyo in Japan. Sia Partners's third North American office, in Charlotte, North Carolina, opened in October 2015.[11]

Sia Partners announced an annual growth in activity by almost 30%. Courtecuisse expects this trend to continue (notably in the U.S., where the firm has just purchased an office space in Manhattan's Financial District), and is looking to the west coast for future expansion.

In September 2016, Sia Partners announced the acquisition of Molten Group, a consulting firm based in London and Houston, TX, with a specialization in transformation and the oil and gas industry.[12][13]

In 2017 the investment fund Studio was started. The fund aims to invest 5 million euros in select start-ups over the next three years. Studio's portfolio currently includes 5 startups: Big Moustache (January 2017), a French e-commerce site for men's shaving products;[14] Livsty (December 2017), a simple and innovative equity release platform;[15] Cleep (April 2018), a social media platform intent on simplifying online shopping;[16] Lettria (December 2018), a natural language processing (NLP) tool centered on the French language;[17] and SPARTED (February 2019), an HR-Tech SaaS startup with a mobile training platform.[18][19][20] [21][22][23][24]

In May 2018, Sia Partners acquired the French digital marketing agency, FOVE. [25]

September 2018 saw two acquisitions in the UK: Inzenka, specialised in growth and innovation consultancy, and SKT Consulting, which concentrates on regulatory consulting for wealth management and corporate banking. Together, the firms bring the Sia Partners' UK headcount to 80 partners and consultants. [26]

In March 2019, Sia Partners acquired Loft9 Consulting in the US. Based in Seattle and Denver, establishing the group's presence on the US West Coast and increasing its activities in the Tech, Healthcare, Utilities, and Airline industries. [27]

In May 2019, Sia Partners announced the acquisition of the Gartland and Mellina Group ("GMG"), a management consulting firm in the US focused on financial services. The firm is based in New York, with additional offices in Chicago, Baltimore, and Toronto.[28]

In July 2019, the group launched its affiliate program with the goal of accelerating brand deployment in Latin America, Sub-Saharan Africa, and Asia. Based in Panama City, the firm RTP (now Sia Partners Panama) is the first member of the Sia Partners network. [29]

In November 2019, Sia Partners acquired Caiman Consulting, a management consulting firm in the US, focused on Tech. With offices in Seattle and The Bay Area, the transaction led to new Sia Partners offices in San Jose and San Francisco, California.[30][31]

In December 2019, Sia Partners released the ambition to be purpose-driven: Consulting for Good, a new strategic accelerator focused on four areas: Climate Analysis Center, Social Responsibility, Responsible AI and Ethics & Compliance. These topics were already driving Sia Partners activities for the last 15 years - generating 12% of revenue - but with this new plan, Sia Partners ambitions to bring together internal exemplarity and external support to its customers. In particular, Sia Partners wants to position itself at the forefront of the low carbon transition, as a facilitator for private actors and public entities, to bring resilience, responsibility, sustainability and ecosystems protection at the top of the agendas.

In July 2020, Sia Partners acquired Pathfinder, a management consulting firm specialized in Change and Transformation. With offices in Dublin and Edinburgh, the transaction strengthened Sia Partners' presence in Ireland and the UK.

References
  1. "Consulting 4.0". www.sia-partners.com. Retrieved 2020-07-17.
  2. "Consulting for Good". www.sia-partners.com. Retrieved 2020-07-17.
  3. Stothard, Michael. "Sia Partners expands its oil business through Molten acquisition". FT.com. Retrieved 28 February 2017.
  4. "Sia Partners refreshes branding for new growth phase". Consultancy.uk. Retrieved 28 February 2017.
  5. "Sia Partners grows sourcing footprint with deal". Consultancy.uk. Retrieved 28 February 2017.
  6. "Axelboss Sold To SIA Conseil". cambonpartners.com. Retrieved 28 February 2017.
  7. Melia, Lisa. "Buying a strategy firm: a good idea?". Consultor.news. Retrieved 28 February 2017.
  8. Li, Ivan. "cpjobs". cpjobs. Retrieved 2020-09-01.
  9. "Sia Partners grows sourcing footprint with deal". Consultancy.uk. Retrieved 28 February 2017.
  10. "Sia Partners grows sourcing footprint with deal". Consultancy.uk. Retrieved 28 February 2017.
  11. "Consulting firm Sia Partners opens Charlotte office". charlotteobserver. Retrieved 2015-11-19.
  12. "Subscribe to read | Financial Times". www.ft.com. Retrieved 2020-09-01. Cite uses generic title (help)
  13. Washtell, Francesca. "Sia Partners expands into UK and US after snapping up London-based oil and gas consulting firm Molten Group". CityAM.com. Retrieved 28 February 2017.
  14. "Salon barbier La Moustacherie - Paris 11| BIG MOUSTACHE - Big Moustache". www.bigmoustache.com (in French). Retrieved 2019-02-15.
  15. "Le Viager 2.0 - Immobilier & Ethique | Vendre et Investir | Livsty". www.livsty.fr. Retrieved 2019-02-15.
  16. "Cleep - All your shopping wishes!". app.cleep.io. Retrieved 2019-02-15.
  17. "LETTRIA | outil de TALN". lettria.com. Retrieved 2019-02-15.
  18. "Mobile learning - Train your employees with your app". SPARTED. Retrieved 2019-02-15.
  19. "Studio". www.sia-partners.com. Retrieved 2020-09-01.
  20. Bregeras, Guillaume (2019-02-13). "Lettria place la langue française au coeur des machines". Les Echos Executives (in French). Retrieved 2020-09-01.
  21. "Comment Big Moustache a trouvé un nouveau souffle sous l'aile de Sia Partners". Maddyness - Le Magazine sur l’actualité des Startups Françaises (in French). 2017-11-07. Retrieved 2020-09-01.
  22. "Cleep lève 400 000 euros pour repenser nos repérages shopping". Maddyness - Le Magazine sur l’actualité des Startups Françaises (in French). 2018-04-17. Retrieved 2020-09-01.
  23. "Marchés Privés - Le fonds Studio de Sia Partners investit dans Livsty plateforme de viager en ligne". Next Finance (in French). Retrieved 2020-09-01.
  24. "Sparted lève de nouveaux fonds auprès de Sia Partners pour accélérer sa croissance". www.alliancy.fr (in French). Retrieved 2020-09-01.
  25. "Sia Partners acquires French digital marketing agency Fove". www.consultancy.eu. Retrieved 2018-05-31.
  26. "Sia Partners acquires British boutiques Inzenka and SKT Consulting". www.consultancy.uk. 2018-09-28. Retrieved 2020-09-01.
  27. "Sia Partners - Global Management Firm". www.sia-partners.com. Retrieved 2020-09-01.
  28. "Sia Partners - Global Management Firm". www.sia-partners.com. Retrieved 2020-09-01.
  29. "Sia Partners - Global Management Firm". www.sia-partners.com. Retrieved 2020-09-01.
  30. "Sia Partners - Global Management Firm". www.sia-partners.com. Retrieved 2020-09-01.
  31. "Sia Partners accelerates in US with Caiman Consulting deal". www.consultancy.eu. 2019-11-25. Retrieved 2020-03-17.
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