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Cleartelligence acquires Bardess Group to expand its data strategy services

Jul 16, 2024•about 1 year ago

Acquiring Company

Cleartelligence

Acquired Company

Bardess Group

NewtonRandolph TownshipData MiningBig DataMachine LearningArtificial IntelligenceConsultingAnalyticsBig DataInformation TechnologyAnalytics

Description

Cleartelligence, the data strategy and analytics consulting firm, has announced the acquisition of Bardess Group, a data and analytics firm. This acquisition extends Cleartelligence’s solution offerings and deepens its industry expertise, solidifying the Company as a leading independent data strategy advisory firm and taking an important step toward becoming the premier provider of AI-first data solutions.

Company Information

Company

Cleartelligence

Location

Newton, Massachusetts, United States

About

Cleartelligence is an AI-first, data and analytics consultancy that helps clients connect data strategy to business strategy. It offers a range of technology services and advanced analytics solutions across cloud architecture, data management, data visualization, artificial intelligence and machine learning. The company leverages strategic partnerships with top-flight technology platforms to serve clients across key end markets including life sciences, financial services, and manufacturing.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed