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West Monroe Acquires 71 & Change, Scaling Organizational Change Management Services To Meet Growing Demand

Jun 14, 2022over 3 years ago

Acquiring Company

West Monroe

Acquired Company

71 & Change

ChicagoFinancial ServicesInformation Technology

Description

West Monroe, one of the fastest-growing digital services firms, today announced it has acquired 71 & Change, a change management consultancy based in the Pacific Northwest.

Company Information

Company

West Monroe

Location

Chicago, Illinois, United States

About

West Monroe is a digital consulting firm that was born in technology but built for business—partnering with companies in transformative industries to deliver quantifiable financial value. We believe that digital is a mindset—not a project, a team, or a destination—and it’s something companies become, not something they do. That’s why we work in diverse, multidisciplinary teams that blend industry expertise with deep operational and technology capabilities—moving clients from traditional to digital operating models and creating products and experiences that transcend the digital and physical worlds. Our 1,600 employees also own 100% of our business, so when you partner with us you know we are committed—because your success is our success. Our undeniably different approach breeds undeniable results.

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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