- The acquisition of 71 & Change expands West Monroe’s OCM services at a time when organizations in all industries are undergoing transformational change as they become digital.
- West Monroe experienced 71 & Change’s advisory and execution services first-hand as they partnered together on recent acquisitions.
- The acquisition helps bolster West Monroe’s presence on the west coast.
West Monroe has completed the purchase of change management consultancy 71 & Change.
Tom Bolger, chief strategy officer for West Monroe said of the deal “We are continuously evaluating opportunities to better serve our clients on their digital journeys and 71 & Change is a great fit by adding complementary services and much-need scale”
71 & Change is headquartered in Portland, Oregon and was founded in 2016. It aids clients with change advisory services, analytics, execution and project management. It was founded by women and nearly 70% of the firm is comprised of female talent. The acquisition reinforces West Monroe’s commitment to attracting and retaining diverse talent.
West Monroe have moved to acquire 71 & Change at a time of heightened need for companies to adapt to an increasingly digital workspace with nearly 75% of typical organizations expecting to increase major companywide changes in the next three years. Change management consulting procurement is projected to grow at a CAGR of 24.6% from 2020 to 2024.
Mike Hughes, managing partner and leader of the operations excellence practice at West Monroe said of the deal “We are excited to welcome the 71 & Change team to West Monroe, an organization well recognized in the market. With our combined team and experience we will be able to drive even more successful organizational transformations, creating even greater value for our clients.”
West Monroe is a digital services firm that was born in technology but built for business that was established in 2002 and has grown at a 30% CAGR.
Financial terms of the acquisition were not disclosed.