New York: Deloitte this week completed the acquisition of most of the business of Monitor, the respected strategy consulting firm.
Monitor will be combined with Deloitte's consulting strategy service lines and operate as Monitor Deloitte, creating a new strategy brand with an instant global presence.
"Our ability to implement the advice we provide has always been a differentiator," said Jim Moffatt, chairman and chief executive officer of Deloitte Consulting LLP.
"This acquisition further enhances our ability to serve clients from strategy to execution — helping them solve their most critical challenges and capitalize on opportunities in a dynamic global economy. We are thrilled to welcome Monitor's talented professionals to the Deloitte family and are excited about the opportunities that lie ahead."
"We are hugely motivated by the opportunity to serve clients with our newly combined strengths," said Bansi Nagji, president of Monitor.
"Together we are an effective force with distinctive capabilities, and are deeply committed to helping our clients create new value and achieve transformational growth. We will collaborate closely with senior executives to help ensure they have the confidence to make bold, well-informed choices, and take timely and decisive action, by providing fresh, actionable analysis, leading edge methods, and deep hands-on implementation guidance."
"The world's economy is driving a set of business challenges that are even more complex than we have seen in the past. The demands posed by increased globalization, the search for new sources of growth and the opportunities created by business model innovation mean that clients' needs for help are increasing," said John Kerr, managing director, Global Consulting, Deloitte.
"Together, Monitor and Deloitte will be well-positioned to provide high quality advice to our clients and to help them implement that advice. This is an important, global transaction — Monitor's outstanding knowledge will enrich Deloitte's capabilities in key areas such as innovation and growth, and we will continue to look for similar strategic opportunities that will create impact in the market place."
The transaction was completed following approval by the U.S. Bankruptcy Court for the District of Delaware.