https://www.globalbankingandfinance.com/banking-on-the-cloud-migration-as-a-long-term-strategy-for-it/Wavestone accelerates International development plans with the next integration phase with Xceed
Wavestone is delighted to announce that from today [17th September] the Xceed brand will now operate under Wavestone.
Since the announcement in April 2018 of the acquisition of Xceed by Wavestone, the two companies have embraced the merger across all aspects of the business and today marks the next phase in the integration plan; the transition of the Xceed brand to Wavestone.[i]
This important phase formalises the synergies developed throughout both companies to operate unitedly as one brand.
Developing Wavestone’s Growth Agenda
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Wavestone, the number one independent consulting firm in France, acquired Xceed as part of exciting growth plans to accelerate International development and increase revenue outside of France to?€100m over the next three years. Reaching this target will position Wavestone as a truly Global consultancy.
The Wavestone UK team has expanded with the addition of Xceed and now employs 100 people. Wavestone plans to increase this number to meet its International growth targets.
Commenting on the announcement, Mike Newlove, UK Partner at Wavestone says “The two companies have very quickly integrated and are already delivering combined projects for our clients. It’s clear the services we offer are very complementary and together we can further expand our offerings to our clients.
International growth is a strategic priority for Wavestone and the UK is a key market to delivering this growth plan. The UK office will double its capacity within the next month and we are expanding the UK team further in order to fulfil our strategic plans.”
Focus on Financial Services
Wavestone and Xceed have already started to develop key shared service areas and are exploring ways to support the combined client base, particularly across Financial Services, which is a key sector. The key services include the following:
- Complex change programmes: Helping clients manage and implement large scale, complex change programmes
- Cybersecurity and digital trust: Ensuring clients have a safe digital transformation journey
- Smart networks: Supporting clients in selecting and implementing Smart Networks infrastructure that enables their digital transformation and cloud migration strategic business needs
- Next Generation IT: Helping clients to innovate fast for their Next Gen Business
Jim Hennigan, UK Partner at Wavestone (formally Head of Sales, Xceed) adds: “From day one, it has been clear that Wavestone and Xceed are extremely complementary to one another in terms of the company culture and services we offer our clients. Xceed has been warmly welcomed by the entire Wavestone team and we have very quickly integrated into the Wavestone way of working.
The brand transition is the next natural step in our integration and it’s great to harness the power of our enhanced organisation to offer our clients an extended portfolio of services and to grow together.”
[i]The brand transition does not affect the legal entity of Xceed Group