Projective expands in UK with acquisition of DTSquared
Financial services consultancy Projective has significantly expanded its presence in the UK with the acquisition of data consultancy DTSquared. The move is part of the firm’s three-year drive to double its annual revenue.
For fifteen years, consulting firm Projective has been helping financial services institutions with some of their most strategic and pressing programmes and change initiatives. Specialising in project management, much of Projective’s work is in the area of digital transformation, payments, risk and compliance.
Earlier in 2021, the firm roped in a significant investment from private equity firm Gimv. That injection of funds is now powering the firm as it embarks on an ambitious growth path to double its revenue over the next three years. This expansion campaign has seen Projective snap up London based firm DTSquared. The acquisition adds significantly to Projective’s data analysis capabilities, as well as expanding its existing team of consultants in the UK capital to 115.
Projective CEO Stefan Dierckx said of the news, “With our clients increasingly demanding advice and consultancy around data, we firmly believe that DTSquared’s knowledge and expertise around data management and governance is complementary to Projective Group’s current service offering provided by Projective and Exellys.”
DTSquared’s team of 85 data experts will bring a wealth of experience in all aspects of data as well as access to an impressive client base across multiple sectors and strategic relationships with DTSquared’s global technology partners. According to a release from Projective, this enable the firm to better support clients with all their strategic data requirements; to design, establish and implement the most profitable data solutions that provide business value “in a complex market with even more demanding regulations.”
The established positioning in the financial service market of DTSquared means that the brand and operational management will remain unchanged by the acquisition. At the same time, by joining Projective DTSquared gains access to international resources it can use to scale at pace to meet changing client demands. Toby Pearson, CEO of DTSquared, will meanwhile join Projective’s board to ensure harmonisation across all parts of the group’s operations.
Pearson note, “We will scale, affording all our employees a greater breadth of opportunities across a wider geography which will ensure that we continue to maintain and attract the highest of standards. The coming months will be spent planning to deliver the best solutions and advice possible for our clients as we build excellence across Projective Group’s six major European centres.”
