Acquisition of Houston-based digital product studio boosts software design services capabilities
Bain & Company has announced its acquisition of Umbrage, a Houston-based digital product studio that partners with its clients to design, develop and scale world-class software solutions.
The announcement comes as new digital business models are increasingly being enabled by new developments in enterprise software, and companies are seeking new avenues to unlock growth.
Together, Umbrage will work closely with Bain's Innovation & Design services and bring additional deep technical expertise in areas such as Product Management, UI/UX Design, Full-Stack Development, DevOps, QA and Web3. The move will further support clients with the end-to-end delivery capabilities necessary to conceptualize, design, build and scale next-level, software-driven business models and products.
"Bain's commitment to delivering results with clients requires expanding and enhancing its ability to innovate and industrialize digital solutions," said Arpan Sheth, global leader of Vector℠, Bain's digital delivery platform. "Joining forces with Umbrage will allow us to develop a best-in-class, craft-centric digital product and venture building studio that will enable our clients to not only develop successful digital strategies, but to also execute on these strategies through world-class software capabilities. Umbrage further enhances Bain's Next solution to support our clients in their business building missions"
The deal will accelerate the scaling of the firm's Innovation & Design services by strengthening Bain's full suite of digital services provided through Vector. To date, Bain's Vector team has advised on more than 6,700 digital projects across industries around the world, delivering end-to-end capabilities in advanced analytics, innovation & design, software engineering and enterprise technology. It does this by embedding technical experts within Bain's consulting teams, working as one joint team to help clients achieve their digital ambitions.
"We are excited to be joining forces with Bain to build on their extraordinary success to date, and to ensure our clients achieve next levels of growth during a time when undergoing digital transformations is critical for achieving superior business outcomes," said Will Womble, CEO of Umbrage. "Alongside Bain, we can deliver enhanced end-to-end solutions that will position our clients for success and to adapt during waves of disruptive emerging technologies."
Following completion of the deal with Bain, Umbrage will continue to operate independently as a branded service line associated with Bain Innovation & Design. Umbrage will also continue to provide services to its preexisting clients across energy and natural resources and multiple other sectors.
SOURCE: Bain & Company
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