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". 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 own policies, practices, and culture, comprehensive approach integrates CSR into innovative offerings for clients worldwide, working across four Labs for Good."
The group has an international presence with offices in 16 countries, and counts over 1650 consultants with a projected revenue of 300 million USD. Sia Partners is run by an international management team and organized as a partnership.
History
Co-founded in 1999 by Matthieu Courtecuisse, 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.The firm established offices in Belgium, Italy and Morocco.
In September 2008, Sia Partners acquired EDS Consulting Services France, a firm of 20 consultants. Prior to this, the American information technology group Hewlett-Packard had acquired the computer engineering services arm of EDS.
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.
In August 2012, Sia Partners acquired OTC Americas, the New York branch of the OTC Conseil group. 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, Hong Kong and Singapore. It also led to the Sia Partners team in New York doubling in size to reach 40 consultants.
In February 2014, Sia Partners strengthened its procurement services offering through the acquisition of the firm Sourcing France 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.
Sia Partners announced an annual growth in activity by almost 30%. Courtecuisse expects this trend to continue, 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.
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, a French e-commerce site for men's shaving products; Livsty, a simple and innovative equity release platform; Cleep, a social media platform intent on simplifying online shopping; Lettria, a natural language processing tool centered on the French language; and SPARTED, an HR-Tech SaaS startup with a mobile training platform.
In May 2018, Sia Partners acquired the French digital marketing agency, FOVE.
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.
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.
In May 2019, Sia Partners announced the acquisition of the Gartland and Mellina Group, 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.
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 is the first member of the Sia Partners network.
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 lead to new Sia Partners offices in San Jose and San Francisco, California.
In 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 revenues - 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.