Companies both big and small have already been working to transition their businesses to the cloud. But the past year has sped up those initiatives, with a recent survey finding that 40% of respondents admitting that the pandemic has sped up their move to the cloud. In fact, enterprise spending on cloud infrastructure services increased during the third quarter, reaching nearly $33 billion.
It’s not surprising that IT and back-office functions within major corporations are also accelerating the move to the cloud. As a result, companies are trying to find ways to help their clients move through the process more smoothly.
With that in mind, West Monroe, a national business and technology consulting firm, announced it has acquired Pace Harmon, a Washington, D.C., area-based IT and business services transformation and outsourcing advisory firm. The deal is the largest acquisition in West Monroe’s 18-year history and gives the company new capabilities in IT strategy and business process outsourcing, procurement, and vendor management.
Founded in 2003, Pace Harmon works with Fortune 500 companies and other large firms on finding the optimal service delivery model to optimize performance, cost, responsiveness, and service quality.
Its full suite of services includes IT optimization and outsourcing advisory; business process optimization and outsourcing advisory; enterprise software and integration advisory services; enterprise network services; strategic sourcing; transition management; and vendor management and governance. In 2014, it transitioned to a 100% employee-owned firm.
“Pace Harmon’s expertise in value creation and cost takeout are both complementary and additive to West Monroe. Their depth and decades of experience in this space make them highly effective partners, and we are excited to bring our combined capabilities to market and help companies meet these challenges,” said Doug Armstrong, Chief Operating Officer at West Monroe.
West Monroe will be establishing a new office in McLean, Virginia, where Pace Harmon is located. Pace Harmon’s co-Executive Managing Directors Steve Martin and David Rutchik, who led the firm from inception, will be departing to pursue other interests.