Andersen Consulting adds Stratence Partners to UK footprint
Stratence Partners, a United Kingdom-based management consulting firm specialised in pricing, has become a member of Andersen Consulting.
One of the most powerful professional services brands is making its comeback, with Stratence Partners becoming its first publicly announced member firm in the UK market.
Back in the 1990s, Arthur Andersen was on the Big Five accounting groups, and Andersen Consulting was one of the world’s largest consulting firms. While Andersen collapsed in 2002 after the Enron accounting scandal, Andersen Consulting continued to operate as a standalone business, eventually rebranding as Accenture in sync with a public float in the US. Today, Accenture is the largest consulting firm in the world by revenue.
The resurrection of Andersen kicked off in 2014, when former Arthur Andersen partner Mark Vorsatz acquired rights to the Andersen brand. That business focuses on tax and legal work and has grown to a network of more than 20,000 professionals worldwide and a presence in over 160 countries worldwide.
Andersen Consulting
Like Arthur Andersen before, Andersen has been tempted by the opportunity to also sell advisory services to its clients, and in February this year, that led to the formal relaunch of Andersen Consulting with a team of around 3,000 professionals across five continents, and an ambition to grow into a $1 billion business by 2028.
In recent months, Andersen Consulting has expanded its footprint with new member firms in Brazil (Albieri e Associados), Thailand and Indonesia (Sertis), United States (2i Solutions), and Pakistan (NEC Consultants), and now Stratence Partners.
Stratence Partners
Established in 2015, Stratence Partners assists companies with improving their market share and drive profitability through pricing excellence, strategy optimisation, commercial effectiveness and digital transformation. The London-based boutique was last week recognised as one of the UK’s leading consulting firms for Sales and Pricing.
“The industry expertise and innovative frameworks of Stratence Partners are a strong complement to our existing capabilities not only in consulting but also tax, legal and valuation. In addition to being a great cultural fit, the capabilities of their team strengthens our seamless, multidimensional service model,” said Mark Vorsatz, Chairman and CEO of Andersen.
Fernando Ventureira, managing director of Stratence Partners, said about the affiliation: “In our work with C-Suite clients around the globe, we recognize their needs extend beyond strategic pricing and operational excellence. Our clients value one-stop solutions of the highest quality and Andersen's strong reputation and integrated global platform, make them an ideal ally.”
“Collaborating with Andersen Consulting is therefore an exciting step for our firm. Together, we are well-positioned to help organizations not just adapt to change, but lead it-delivering strategic clarity, operational excellence, and profitable growth.”
The new Andersen Consulting is not tied to an audit business, where conflict-of-interest regulations prevent cross-selling to audit clients. That makes it different to its former era predecessor.
