April 10, 2015
Alsbridge Inc., a benchmarking, sourcing and transformation advisory firm, announced the acquisition of Source, a leading UK-based sourcing advisory firm.
“This partnership with Source greatly enhances Alsbridge’s presence and capabilities in the growing UK and European markets,” said Chip Wagner, Alsbridge CEO. “Equally important, we are delighted to join forces with a firm that shares our forward-looking philosophy and fundamental commitment to helping our clients succeed in a rapidly changing world.”
As a combined entity the two companies will go to market with a range of services, including Sourcing Advisory, Vendor Management, Network and Provider Support, as well as dedicated practice areas focused on the emerging field of Robotic Process Automation (RPA).
“Source has established itself as an innovative leader in sourcing advisory through a commitment to innovation and creative approaches to business problems,” said Eleanor Winn, co-founder of Source. “By leveraging Alsbridge’s scale and depth of methodologies and data, we will enable significant growth and achieve our vision of redefining the outsourcing advisory space. Perhaps more important, we are in fundamental agreement with each other in terms of culture, opportunity, market position and alignment.”
The service offerings of the two companies are closely aligned, and both have built their practices around data-driven recommendations, customer outcomes, innovation, successful client/provider relationships and the effective application of technology.
“We will deploy a ‘one plus one equals three’ strategy that combines the strengths of our respective practice areas, methodologies and data repositories,” said Dieter Thompson, Alsbridge President. “As a combined entity, we envision establishing a position of strengthened leadership in Outsourcing Advisory, Network Services, Benchmarking, IT Asset Management, Governance, Transformation and RPA.”
The integration of the two firms will take place over time, with Source taking on the Alsbridge brand while retaining its unique spirit and market-leading culture of innovation.
About Alsbridge Inc.
Alsbridge (www.alsbridge.com) is a management consulting firm that helps companies reduce costs and enable their businesses by optimizing the way they work with their vendors. With over 250 consultants on four continents, Alsbridge has been a trusted advisor to over 40% of the Fortune 500 and currently advises over 200 clients a year on over $11b in spend. Experienced consultants apply deep benchmarking databases and market insight to help clients engage the optimal vendors for their situation, negotiate best practice terms at fair market prices and improve the way they govern vendor relationships. Alsbridge clients utilize the most cost effective and value-added global sources for IT infrastructure services, network carrier services, hardware and software, application support and development, business processes and cloud services.
Source (http://source.co.uk) is a specialist sourcing advisory firm, working with both customers and providers of outsourced services to make sure that outsourcing relationships deliver a positive outcome for everyone. The company was established to create something remarkable in the sourcing advisory marketplace and to stimulate the entire outsourcing industry to evolve. Source’s vision is to change the “brand” of outsourcing through a focus on positive outcomes for everyone.