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Oliver Wyman has acquired cost advisory agency Innopay. The transfer will complement Oliver Wyman’s present funds consulting capabilities, and concludes for an undisclosed price.
Shikko Nijland, CEO, Innopay added, “Oliver Wyman’s acquisition opens up new alternatives for us to broaden our attain and ship impactful options to shoppers. We’re excited to be half of a bigger organisation that shares our values for progress and innovation and are thrilled to formally be part of forces. Collectively, we’ll unlock new worth for our shoppers and colleagues alike.”
Since its founding in 2002, Innopay has grown into a world participant within the digital transactions consulting discipline. Headquartered within the Netherlands, with a rising variety of branches, together with in Amsterdam, Berlin andFrankfurt, the agency’s 60 consultants have performed a number one position within the institution of main digital payment platforms, from banking transactions with iDEAL to move purchases by way of OV Pay. It’s also a founding member of Holland FinTech, a hub that connects fintech organisations from Europe, the US, the Center East and Asia.
With Innopay’s companies capturing an end-to-end providing within the funds sector to help corporations and organisations, it has attracted curiosity from Oliver Wyman – which is itself having fun with thrilling progress within the monetary companies world. Becoming a member of the technique consultancy in its European area, Innopay will complement Oliver Wyman’s present cost consulting capabilities, whereas permitting for additional enlargement.
Innopay will keep its presences throughout Europe as a definite model. Additional phrases of the transaction weren’t disclosed.
Commenting on the transaction, Stephen Whitehouse, head of funds for Europe at Oliver Wyman, stated, “The completion of the acquisition of Innopay heralds a substantial enhancement of Oliver Wyman’s funds capabilities. We look ahead to combining our strengths and collaborating with Innopay, leveraging their experience to ship distinctive worth and catalyse progress inside the funds trade.
Oliver Wyman has places of work in additional than 70 cities throughout 30 international locations, with specialised experience in technique, operations, threat administration, and organisation transformation. The agency has 7,000 professionals around the globe who work with shoppers to optimise their enterprise, enhance their operations and threat profile, and speed up their organizational efficiency to grab essentially the most engaging alternatives. The agency has been having fun with meteoric financial growth in current occasions – buoyed by its successful of a serious contract to assist oversee the combination of UBS and Credit Suisse.
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