Bain & Company announces the acquisition of Tech Economy, a technology speciality consulting firm with deep expertise working with private equity firms on technology due diligence.
Tech Economy helps investors to assess the underlying technology of the assets they are seeking to acquire. Tech Economy’s team of professionals and technologists have completed more than 200 assignments for technology investors and strategic buyers and built strong relationships with clients in Europe and North America.
Robert Pierce, founder and CEO of Tech Economy, will join Bain & Company as an expert partner in London, while senior technologists Bruce Miller and Dirk Bartels will join as vice presidents in Boston and Berlin respectively.
“Technology due diligence is not just something that is limited to the technology sector, which has boomed over the past few years,” said Hugh MacArthur, global head of Bain & Company’s private equity practice. “It has become critical for private equity investors to understand the technological infrastructure and processes of any digitally enabled business in sectors ranging from retail to healthcare to financial services, just to name a few. Robert and his colleagues bring deep expertise in examining not only the technology itself but the operations that drive it and we are thrilled to welcome them to our market-leading global private equity team.”
“In order to understand the complexities of technology, you need the right type of knowledge, and our team has industry-leading capabilities in this area,” said Robert Pierce, founder and CEO of Tech Economy. “Bain & Company is recognised globally as the leading advisor to private equity firms, and we look forward to contributing to Bain & Company’s competencies by bringing our technology diligence expertise, experience and methodologies.”
Sourced from Bain & Company