Cedar Management Consulting has acquired IBS Publishing and its IBS Intelligence unit. IBS Intelligence provides uniquely researched news content on technology trends within the financial markets, as well as offering its own consulting practice. The deal provides Cedar with a wider range of in depth consulting knowledge around technological trends, for among others, the Indian banking market.
IBS Publishing is an UK based financial technology research, publication and consulting firm that includes the in 1991 established independent media and analysis platform IBS Intelligence. IBS Intelligence provides news and insight into global financial technology markets. Besides media, the company also has a consulting arm that provides market information to a wide range of clients, including among others, Barclays Capital, Citigroup, Close Brothers, Deutsche Bank, ING Bank, Lloyds TSB, Misys, Oracle, Polaris, and the Rabo Bank.
Cedar Management Consulting is an in 1985 founded US-based global consulting, advisory and analytics firm that assists its clients in the area of strategy, process, strategic human capital, and business technology. The firm has 500 professionals working from its network offices in 16 countries.
Through the acquisition of IBS, Cedar Management Consulting considerably strengthens its range of offerings to its worldwide clients in the area of knowledge in banking technology and wider trends. The deal is partly aimed at expanding within the Indian market, with the consulting knowledge and prowess acquired, to be leveraged for old and new clients in the Indian banking system.
“IBS has a strong research platform and it is important that consulting firms globally have a strong research platform. Research and consulting go hand in hand, both exchange knowledge, there are cross-selling opportunities, research clients would like to buy custom services and vice-versa. From a business point of view, it gives you some kind of annuity because consulting income is up and down and project based,” comments Sanjiv Anand, Managing Partner at Cedar Management Consulting.