Edgar, Dunn & Company sells roundtables business to Auriemma

International consultancy Edgar, Dunn & Company has sold its roundtables business to Auriemma Group, a counterpart in the payments landscape.

Since founding in 1978, Edgar, Dunn & Company specialises in advising executives and managers in the payments industry – including central and retail banks, payments technology providers and retailers – on all facets of their payments infrastructure, spanning strategy, operations, transactions and digitisation. 

Alongside its consulting business, Edgar, Dunn & Company has been running industry roundtables. Organised a few times per year globally, the firm’s roundtables provide senior-level managers from across the payments scene with a forum for exchanging new ideas and best practices. 

Having operated the roundtables for three decades, Edgar, Dunn & Company has now divested the unit to Auriemma, a London and New York based group that specialises in providing insights and research to the payments community.

Peter Sidenius, Managing Director of Edgar, Dunn & Company explained: “While we have always valued our roundtables and the relationships we have built with our members, the continuing need to build stronger and better data analytics capabilities and tools is best met within Auriemma’s bigger group of roundtables.”

The deal, which was advised on by Consulting M&A (a boutique M&A advisor to consulting firms), closed on 14 April, 2021. Financial details of the transaction have not been disclosed.

Auriemma will integrate the acquired forum into Auriemma Roundtables, its division dedicated to building communities and organising roundtables. This wing has around 40 communities, centrered around topics including payments strategy, commercial card, e-commerce and mobile payments, and instalment lending management.

“This acquisition will augment our position as a key partner for financial services companies to navigate the current environment, identify best practices and perform peer benchmarking,” said Tom LaMagna, President of Auriemma Roundtables.

According to research from Capgemini, the world clocks around 710 billion digital transactions per year – and that number if growing rapidly on the back of the Covid-19-induced shift to online activity. 

Edgar, Dunn & Company has around 50 consultants and staff operating from offices in San Francisco (headquarter), London, Sydney, Paris, Frankfurt and Dubai.