LOS ANGELES, California – August 27, 2013: Avasant LLC announced today it has completed the acquisition of Sourcingboard LLC, a leading boutique sourcing advisory firm.
The acquisition of Sourcingboard is the latest strategic move by Avasant, and follows a string of acquisitions and regional expansions in Europe, Latin America, and the United States.
Avasant Global CEO, Kevin S. Parikh, noted, “Avasant continues its march toward providing a ‘red-carpet’ management consulting service with a focus on our people and clients.” Parikh added, “the acquisition of Sourcingboard was designed to support a marked increase in both client demand and our global expansion of the firm’s consulting offerings.” Avasant has been on a strong growth trajectory doubling its growth in the last two years. Sourcingboard’s strong experience with Fortune 500 companies is expected to further enhance Avasant’s reach by providing additional delivery capability on the East Coast and in other global locations.
Sourcingboard’s CEO Warren Gallant stated, “the entire acquisition was completed in just two months due to a strong cultural alignment and a common vision.” He added, “Avasant is an excellent firm with a clear strategy to provide global management consulting services. Sourcingboard is proud to join this fast-growing and exciting team.” Mr. Gallant looks forward to supporting the company’s rapid growth as a distinguished member of Avasant’s Advisory Board and Foundation.
Avasant is a next-generation management consulting, research and globalization advisory firm servicing Fortune 500 clients across the public, private and non-profit sectors. Avasant’s experienced team of consultants, analysts and technologists’ average more than 15 years of industry-honed experience and have conducted more than 1,000 sourcing, IT strategy and globalization engagements in over 40 countries worldwide.
Avasant is recognized as a leading strategic sourcing, technology optimization and globalization consulting firm. The International Association of Outsourcing Professionals ranked Avasant No. 3 in their World’s Best Outsourcing Advisors for 2013. Vault Consulting recognized Avasant among “Top IT Consulting” and “Best to Work For” consulting firms for 2013. Avasant has also been honored as the Black Book of Outsourcing’s “Number 1 BPO Advisor” and a “Top 10 Full Service Advisor”.
To learn more about Avasant, please visit www.avasant.com.