MMC.L Regulatory News (MMC)

6 Sep 2007 17:38

Management Consulting Group PLC (MCG) announced today that it isexpanding its capabilities in the area of performance management withthe acquisition of CBH, a leading provider of performance managementsolutions including financial planning, metrics management, businessintelligence and workflow technologies. £ Headquartered in London, MCG is an umbrella organization for adiverse range of consulting and professional services offerings. Inaddition to CBH, it is comprised of five leading specialistconsultancies: Ineum Consulting, Parson Consulting, ProudfootConsulting, Salzer Consulting and Viaduct Consulting. £ As the latest addition to the MCG family of companies, CBH willretain its name and organizational structure, bringing a trulyintegrated solution, sales and delivery organization to the majormarkets of the world. CBH's specialized expertise in performancemanagement processes will further expand and enhance MCG's broadcapabilities in finance and management consulting. £ "Performance management is a fast growing, yet highly fragmentedsegment. By formalizing the CBH/MCG relationship and leveraging theexpertise of CBH's talented professionals with the global resources ofMCG, we have a tremendous opportunity to significantly expand ourcapabilities and become the dominant global leader in this segment,"said Kevin Parry, CEO of MCG. £ Joe Baird, CEO of CBH, added, "With this merger, our clients willbenefit immediately from stronger delivery excellence platforms,global capacity and more vertical resources. The MCG family willprovide CBH with increased industry and process expertise through theportfolio of consultancies, 32 delivery offices around the world,access to growth capital, and stronger infrastructures for knowledgemanagement and client project resources." Mr. Baird further stated,"Our short term plans call for the establishment of our North Americansolution development center, increases in our financial services teamas well expansion in the Northeast U.S. and the UK." £ CBH has been recognized by Cognos as a distinguished partner, andhas been awarded for their service for four consecutive years. Awardsinclude the Cognos North American Solution Provider of the Year(2007), Reseller of the Year (2006-07), Platinum Reseller and RisingStar (2005) and Pinnacle award (2004). £ "We see this as an excellent opportunity for one of our premierpartners to not only bring forth unparalleled value to Cognoscustomers, but to allow CBH to grow its existing performancemanagement expertise into a global industry solutions portfolio," saidLes Rechan, Chief Operating Officer of Cognos, and he went on to say:"We are very excited to continue to work with CBH and its new parentcompany MCG on future efforts to enable our customers to achieve thehighest of levels performance." £ Synergies have already been established with MCG's existing NorthAmerican affiliates and CBH. MCG subsidiary company Parson Consultingand CBH are collaborating to provide complementary performancemanagement services and capabilities to clients across the globe. £ "CBH and Parson share a common vision of partnering with clientsto execute strategies that help them achieve high performance," saidPatrick Neeley, Parson's EVP of practices and global solutions."Working jointly under the MCG umbrella to develop a platform forgrowth and leveraging our diverse sales channels is a great strategicfit for both parties and reflects an imminent global strategy thatwill enable us to compete on any continent." £ The collaboration between CBH and the MCG affiliates will providemuch needed end-to-end performance management solutions thatincorporate CBH industry performance accelerators, processre-engineering, solution design and technology innovation andimplementation. £ About MCG £ Management Consulting Group PLC (LSE:MMC) is a group comprising arange of consulting and professional services offerings. £ It now operates through six divisions: CBH Consulting, IneumConsulting, Parson Consulting, Proudfoot Consulting, Salzer Consultingand Viaduct Consulting. Ineum Consulting provides services withindustry expertise. Parson Consulting specializes in financialmanagement consulting. Proudfoot Consulting specializes in operationalimprovement consulting. Salzer Consulting specializes starting,managing and restructuring businesses in Asian markets and ViaductConsulting specializes in commercial due diligence. The businessesoperate worldwide. For further information visit www.mcgplc.com. £ About CBH £ CBH designs and implements performance management solutions forsome of the most successful, fast growth companies in the world.Through a strong partnership with Cognos Corporation, the leader inperformance management and business intelligence solutions, CBHprovides comprehensive services and solutions to clients ranging froma large multi-state comprehensive healthcare provider, retail andcommercial financial lending organizations, global active apparelmaker/retailers, to a division of one of the world's largestentertainment companies. They all operate in dynamic, highlycompetitive environments where the ability to accelerate smartdecision-making enables them to thrive and deliver greater shareholdervalue. Copyright Business Wire 2007