Management consulting firm McKinsey & Company recently announced the acquisition of data analytics consulting and implementation firm Caserta. The new purchase will provide additional strength to McKinsey's data transformation business by improving its ability to implement cloud data strategies at scale.
Caserta was founded in 2001 by data engineer Joe Caserta and assists Fortune 100 companies in the planning, design, and deployment of advanced data architectures. The small company’s recent highlights include assisting a music streaming services client in its buildout of a crucial cloud platform and helping a financial services client launch a new data and analytics product. The firm engages with clients in the financial services, insurance, healthcare, media and entertainment, and lifestyle industries, helping them harness the power of advanced data analytics to make better decisions, increase customer retention and acquisition, and streamline operational reporting.
“Data is integral to every transformation that’s happening across sectors and geographies in the next three to five years,” said Kayvaun Rowshankish, Senior Partner and Global Co-Leader of McKinsey’s data transformation practice. “The combination of McKinsey and Caserta will position us to play a pivotal role in moving industries to the next stage of technology transformation.”
Caserta initially drew the attention of McKinsey over ten years ago when it assisted in the building of its internal knowledge management platform, with the two companies collaborating on client projects in later years. The firm’s founder has a well-established history in the data science industry, having previously served as a senior business intelligence consultant at Vision Associates and a data warehouse consultant at Linc Systems. Caserta’s team of nearly 50 data engineers, strategists, and architects—including its founder—will join McKinsey’s team.
The acquisition is McKinsey’s fourth in 2022, having previously acquired Spanish Salesforce consultancy S4G, Hungarian digital product development company IncepTech, and Argentina-based digital marketing agency Lobo. The purchases follow the firm’s numerous acquisitions in 2021, having made strategic purchases in a variety of industries around the world, with a focus on sustainability in the third quarter. McKinsey made a number of acquisitions in Australia as well, focusing on bringing smaller consultancies into the fold and strengthening its presence in the APAC region.