Oliver Wyman Acquires Celent

New York – Consulting firm Oliver Wyman Group acquired Boston-based Celent LLC on Feb. 1, 2008. Oliver Wyman, a subsidiary of New York-based Marsh & McLennan Cos., has a staff of more than 2,500 people, operating in 16 countries, and specializes in the financial services industry, where Celent has positioned itself over the past eight years.

The companies contend that their operations are complementary and the entire management team and the staff of Celent will continue to serve under the new ownership, without any change in the nature of the services offered to Celent’s clients. Furthermore, they say while the deal affords clients access to Celent’s resources, it also enables them to receive more comprehensive research through the additional expertise of Oliver Wyman’s intellectual capital.

Source: Celent LLC