Jul 19, 2019
Wavestone and WGroup announce merger to start a new growth chapter in the US
This acquisition accelerates the international development of Wavestone, in particular in the US, in line with Wavestone’s 2021 Strategic Plan. After the merger, Wavestone’s business in the US will represent an annual revenue of circa $35m.
“The US is a bellwether market in the consulting industry” commented Pascal Imbert, Wavestone’s CEO. “We were impressed by WGroup’s leadership team and its ability to consistently expand its client base. We are eager to start working with WGroup’s team and thrive together seizing new opportunities in the US”.
“After laying a 15-year foundation of persistent organic growth delivering world-class executive IT advisory to some of the best clients in the world, we’ve reached an inflection point” said Jeffrey Vail, CEO of WGroup. “We are an ambitious team with our sights set on achieving market-leadership in the US market. To do so, we need to deliver more service lines, greater breadth of expertise, around-the-globe capability, and overall, enhance our value to clients. Merging with Wavestone gives us this opportunity – today”.
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