Alsbridge acquires UK-based consulting firm Source
Texas-based consulting firm Alsbridge has bought UK sourcing advisory firm Source, in a move that significantly expands its UK presence and expertise. Source will gradually be rebranded as Alsbridge.
Source is an in 2010 established specialist sourcing advisory firm based in Oxford, the UK. The firm is specialised in providing IT outsourcing advice, business services outsourcing advice and sourcing assurance to both customers and providers of outsourced services. Source has customers including Amey, John Lewis, The National Trust, LCH Clearnet and Ucas.
Alsbridge is a management consulting firm that provides transformation, business processes, and sourcing advisory services to help businesses reduce costs and enable their businesses by optimising the way they work with their vendors. The US-based firm was established in 2003 and currently has over 250 consultants on four continents serving over two hundred clients a year.
In line with its ambition to grow its UK footprint – last week Consultancy.uk highlighted the firm's ambition to triple its UK operations in 2015 – Alsbridge has decided to acquire Source. “This partnership with Source greatly enhances Alsbridge’s presence and capabilities in the growing UK* and European markets,” explains Chip Wagner, CEO of Alsbridge. “Equally important, we are delighted to join forces with a firm that shares our forward-looking philosophy and fundamental commitment to helping our clients succeed in a rapidly changing world.”
Commenting on the deal, Eleanor Winn, co-founder of Source, says: “By leveraging Alsbridge’s scale and depth of methodologies and data, we will enable significant growth and achieve our vision of redefining the outsourcing advisory space. Perhaps more important, we are in fundamental agreement with each other in terms of culture, opportunity, market position and alignment.”
The integration of the two firms will occur gradually, with Source taking on the Alsbridge brand. Once the incorporation of the two firms is complete, the combined entity will provide a range of services, including sourcing advisory, vendor management, network and provider support, and robotic process automation (RPA).
