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Ernst and Young (EY) has announced that it has acquired CMA Strategy Consulting (CMA) to join its EY-Parthenon organisation.
The addition of CMA will aim to “elevate” its strategy and transaction-focused offerings and solutions across the digital infrastructure space and the technology, media and telecom (TMT) industry more broadly.
It will also aim at “enhancing” how the group supports clients and strengthen its ability to “develop and deliver” strategies that systematically create long-term value for clients.
CMA is a boutique strategy firm that is a leader in the digital infrastructure space and the TMT industry with 65 consultants, primarily in Boston, San Francisco, and London.
It provides a set of strategy and transaction offerings, solutions and differentiated sets of tools and methodologies across the digital infrastructure space.
Olivier Wolf, TMT leader, EY-Parthenon EMEA, said: “We are delighted to welcome CMA to EY-Parthenon. This acquisition represents a significant investment and strengthens our position as a leading force in TMT and digital infrastructure consulting.
“We look forward to working with our new colleagues to achieve fantastic results for our clients by combining experience and scale to help them realise their strategies and build long-term value.”
Nick Vantzelfde, founder and managing partner, CMA, added: “Building unique, long-lasting relationships with our clients, while committing to their long-term success is core to our approach at CMA Strategy Consulting.
“We are excited to join EY-Parthenon, where we will be able to maintain our high-touch client relationships and our relentless pursuit of continuous improvement while further enabling us to support our clients as they take advantage of new opportunities.”
