Kevin Parry has resigned as CEO of the London-based Management Consulting Group. His resignation is effective immediately. As of press time, a new CEO had not been appointed to lead MCG. MCG, which rose out of Proudfoot Consulting in 2001, currently owns seven consulting firms: CBH Consulting, Ineum Consulting, Kurt Salmon Associates, Parson Consulting, Proudfoot Consulting, Salzer Consulting and Viaduct Consulting.
Booz Allen Names New Global Commercial Head
Shumeet Banerji was appointed president of Booz Allen Hamilton's newly created Global/Commercial Business. In his new role, Banerji will lead the firm's consulting business globally and its public sector business outside the U.S. With separate presidents now heading up the firm's commercial and U.S. government operations, the move lends credence to the talk that Booz Allen is on the verge of splitting up the two businesses. Last month, The Washington Post reported the firm is in talks with the Carlyle Group, a Washington D.C.-based private equity firm, about selling off its government business. A Booz Allen spokesperson had no comment.
Huron tops $500 million for 2007
Huron Consulting Group, the Chicago-based provider of financial and operational consulting services, reported 2007 revenues of $504.3 million—a 75 percent increase from the $288.6 million it earned in 2006. The average number of billable consultants at year's end was 1,199, up from 777 at the end of 2006. For the fourth quarter, Huron reported revenue of $136 million, up 63 percent from fourth quarter 2006. "We are pleased by Huron's strong growth in 2007 and we continued to see increased demand across our service offerings," says Gary E. Holdren, chairman and chief executive officer of Huron.
TCS signs multi-year deal with Chrysler
Tata Consultancy Services, a global IT services and business solutions firm, signed a multi-year contract with Chrysler to provide a comprehensive portfolio of IT services. Leveraging TCS' Global Network Delivery Model, The firm will deliver application maintenance and support services to Chrysler. The IT services initiative will encompass a portion of the functional areas within Chrysler, such as sales and marketing and shared services, according to N. Chandrasekaran, executive director and chief operating officer of TCS. The automotive industry is one of the focus markets for the TCS manufacturing vertical, which accounted for 15.1 percent of TCS' 2007 $4.3 billion global revenues.
Oliver Wyman Acquires Celent
Oliver Wyman has acquired Celent, a research and consulting firm focused on the global financial services industry. Celent's operations and staff in Boston, New York, San Francisco, London, Paris, Milan, Tokyo and Beijing will become a separate unit in Oliver Wyman's financial services practice. "Celent is a well-regarded firm with a team of high-quality professionals," said Alan McIntyre, a managing director for Oliver Wyman. "Its expertise in the strategic application of information technology to the financial industry complements our existing work in that area and will enhance our offering to clients."
Thomas Group Unveils M&A offerings
Thomas Group, an Irving, Texas-based operational consulting firm, announced the launch of merger and acquisition offerings through an arrangement with Dallas-based M&A Partners. As part of the deal, M&A Partners assists companies with corporate growth services such as mergers, acquisitions and corporate consolidation by providing the expertise, tools and proprietary software technology. By joining forces, Thomas Group will expand the delivery of its suite of business solutions with acquisition and integration services. "Through our union with M&A Partners, we now offer clients technology and services that are vital to navigate through a global corporate environment and the minefields associated with growth through merger or acquisition," says Jim Taylor, president and CEO of the Thomas Group.
Accenture touts 'predictive monitoring'
Accenture Technology Labs, the research and development organization within Accenture, has developed a pilot program called "predictive monitoring" that determines equipment failures before they happen, and the firm said it will offer clients access to its predictive monitoring and diagnostic center. Accenture cites a recent case study with a U.S.-based coal company where predictive monitoring was used to collect data from 3,500 sensors, using 150 analytic models to predict future faults, failures and sub-optimal performance at two of the company's plants. This result? A cost savings to the company of about $5 million a year.
One to One Leadership Signs Major League Soccer
One to One Leadership, a management consulting firm based in Pelham, N.Y., is developing a leadership training pilot program for Major League Soccer's ticket sales executives, managers and emerging leaders with the hope of rolling out the training to other league departments and individual teams. One to One Leadership provides training to organizations—from sports and software to law firms and financial services.
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