The Keyrus Group makes a strategic investment in BIPB - the Big Data & Analytics advisory firm
The Keyrus Group makes a strategic investment in BIPB – the Big Data & Analytics advisory firm
The acquisition provides Keyrus with access to UK and US markets and gives BIPB's clients a wider range of services.
The Keyrus Group, an international player in performance management consulting and in the integration of Business Intelligence, Big Data & Analytics solutions, has made a strategic investment in the BIPB Group, a major provider of Big Data & Analytics services to the Investment Banking community with offices in London, New York, Paris, Dubai and Johannesburg. BIPB was one of the first partners of QlikView globally and before diversifying its solution offering, the largest pure-play provider of QlikView services in the world.
"Our aim is to consolidate the market for Data Intelligence technologies and services globally, and our investment in BIPB is a major step forward in achieving this goal," comments Eric Cohen, Chief Executive Officer of the Keyrus Group. "BIPB is the leading player in the markets it serves, and our combined strength; particularly in London and New York, gives us unrivalled access to talent and technologies that will be a game-changer for our clients".
Charles Radclyffe, Chief Executive Officer at BIPB adds, "Eric and the team at Keyrus recognise that the winners in the Big Data services market will provide innovative solutions to the critical issue in the market, namely the acute shortage of skilled people who truly understand Big Data & Analytics. We have an amazing team and have bolstered it over the last few years with the addition of our graduate offering, so we can now offer our clients top-quality consulting services at competitive rates". Explaining the rationale for the investment, Charles Radclyffe concludes, "BIPB now has access to significant financial resources to scale our graduate teams to meet client demand, and also has access to the wider talent pool within the Keyrus Group which will enable us to provide a more complete service offering to our clients".
Corporate Finance teams from Grant Thornton and Squire Patton Boggs advised on the deal. Anthony Platt, Associate Director at Grant Thornton commented on the deal, "This deal demonstrates the very real momentum that exists in the Big Data & Analytics industry. The coming together of Keyrus and BIPB is the first major acquisition we have seen in the 'new' BI technology services sector and likely to be the beginning of a consolidatory trend over the coming few years".