Boston/London – June 14, 2021 – Bain & Company today announces the acquisition of Tech Economy, a technology specialty consulting firm with deep expertise working with private equity firms on technology due diligences.
Tech Economy helps investors to assess the underlying technology of the assets they are seeking to acquire. Tech Economy’s team of professionals and technologists have completed more than 200 assignments for technology investors and strategic buyers and built strong relationships with clients in Europe and North America.
Robert Pierce, founder and CEO of Tech Economy, will join Bain & Company as an expert partner in London, while senior technologists Bruce Miller and Dirk Bartels will join as vice presidents in Boston and Berlin respectively.
“Technology due diligence is not just something that is limited to the technology sector, which has boomed over the past few years,” said Hugh MacArthur, global head of Bain & Company’s private equity practice. “It has become critical for private equity investors to understand the technological infrastructure and processes of any digitally enabled business in sectors ranging from retail to healthcare to financial services, just to name a few. Robert and his colleagues bring deep expertise in examining not only the technology itself but the operations that drive it and we are thrilled to welcome them to our market-leading global private equity team.”
“In order to understand the complexities of technology, you need the right type of knowledge, and our team has industry-leading capabilities in this area,” said Robert Pierce, founder and CEO of Tech Economy. “Bain & Company is recognised globally as the leading advisor to private equity firms, and we look forward to contributing to Bain & Company’s competences by bringing our technology diligence expertise, experience and methodologies.”
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About Bain & Company
Bain & Company is a global consultancy that helps the world’s most ambitious change makers define the future.
Across 63 offices in 38 countries, we work alongside our clients as one team with a shared ambition to achieve extraordinary results, outperform the competition, and redefine industries. We complement our tailored, integrated expertise with a vibrant ecosystem of digital innovators to deliver better, faster, and more enduring outcomes. Our 10-year commitment to invest more than $1 billion in pro bono services brings our talent, expertise, and insight to organizations tackling today’s urgent challenges in education, racial equity, social justice, economic development, and the environment. We earned a gold rating from EcoVadis, the leading platform for environmental, social, and ethical performance ratings for global supply chains, putting us in the top 2% of all companies. Since our founding in 1973, we have measured our success by the success of our clients, and we proudly maintain the highest level of client advocacy in the industry.
About Tech Economy
Tech Economy offers pre-investment, post-investment, and pre-exit technology consulting services to private equity firms and their portfolio companies. With our team of consultants and technologists we deliver the domain knowledge, diligence experience, and methodologies required to evaluate how technology will support our client’s investment thesis.
We pride ourselves in working as "one team", our technologists, subject matter experts, and consulting professionals work hand-in-hand across each stage of the project. This high degree of collaboration and accumulation of experience is core to our ability to identify and assess opportunities that drive growth and shareholder value.
Tech Economy is set on delivering insights over and above our clients’ expectations.