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Press release

Bain & Company acquires advanced analytics company Spike SpA

Bain & Company acquires advanced analytics company Spike SpA

The business consulting firm is set to acquire Spike SpA, an advanced analytics company in South America; it will launch an Innovation Hub in São Paulo this year

  • 07.02.2022
  • min read

Press release

Bain & Company acquires advanced analytics company Spike SpA

SAO PAULO – February 4, 2022 – Bain & Company has completed its acquisition of the Chile-based company, Spike SpA, a leading provider of advanced analytics and machine learning solutions, which operates across various industries in the South American region. The new acquisition takes place as Bain celebrates 25 years of operations in Latin America, having opened its Brazil office in 1997, reinforcing the firm’s commitment to investing in new skills and innovation.

“Bain’s South American operations have seen robust, double-digit growth in recent years, with our local team of data scientists and engineers increasing by more than three times in 2021 alone”, says Alfredo Pinto, Bain & Company’s office head for South America. “A strong analytical foundation is key to our consulting business, and we had already been working in partnership with Spike to strengthen that team. This acquisition will boost our expertise in innovation and our ability to deliver unsurpassed results to our clients, sustaining this superior performance going forward.”

This acquisition is the culmination of a partnership that has already been adding value to clients of Bain’s advanced analytics projects, bringing together the best of both Bain and Spike—technical expertise combined with business acumen, to deliver tangible results to clients.

Bain will reinforce its São Paulo office’s structure by launching an Innovation Hub for South America later this year, which will have about 150 consultants and specialists dedicated to its work. Bain’s Innovation Hubs provide an ideal launching pad for clients’ innovation efforts, enabling them to connect with the firm’s experts and ecosystem of startups to co-create products and experiences that will accelerate the development of their businesses. Bain currently operates 10 innovation hubs out of its global offices, including in the United States, Italy, England, Denmark, Germany, India, China, Singapore and Australia.

Together, the acquisition and the São Paulo Innovation Hub will contribute to strengthening Bain’s Vector practice, a platform that joins people, processes, technologies and services to drive innovation and accelerate transformation. The Vector practice includes capabilities, such as consumer experience (CX), digital marketing, advanced analytics, and automation, as well as an innovation ecosystem, among other tools.

Editor's Note: To arrange an interview, contact Katie Ware at katie.ware@bain.com or +1 646 562 8102.

About Bain & Company

Bain & Company is a global consultancy that helps the world’s most ambitious change makers define the future.

Across 65 cities in 40 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 platinum rating from EcoVadis, the leading platform for environmental, social, and ethical performance ratings for global supply chains, putting us in the top 1% 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.