Mid-tier management consultancy Noetic joins FTS Group
Canberra-headquartered management consulting firm Noetic has joined forces with FTS Group, one of Australia’s larger IT services companies.
According to Andrew Balmaks, Chief Executive Officer of Noetic, the majority stake deal marks a new chapter for the consultancy, which founded in 2001 and currently has a team of around 50 consultants, associates and staff. “This acquisition will enable us to further accelerate our growth,” he said, pointing at a number of benefits.
For starters, it will enable the consulting firm to tap into a larger client network, paving the way for expansion into new sectors and segments. More importantly, it will add a layer of technology expertise to its offerings, meaning that Noetic can offer its clients “a richer breadth of services by leveraging the robust and varied capability within FTS.”
FTS Group comprises a range of brands that together can provide an end-to-end offering to clients in digital transformation and technology. Brands include systems integration specialist Anatas, digital transformation specialists Galaxy 42 and Veritec, software house KoBold, data science expert FTS Data, and workplace health & safety provider Safety Evolved.
The group also has a change management and learning & development consulting firm under its wings; Cubic Consulting, which operates from offices in Sydney, Melbourne and Brisbane.
Noetic will serve as FTS Group’s more strategic advisory wing, working with clients on their change and transformation agenda’s, and the delivery of transitions. “Noetic’s proven experience in delivering excellence in consulting will enable FTS Group and its companies the ability to drive greater strategic business improvements for their clients,” said FTS Group’s Chief Executive Officer Stephen Kowal.
Noetic, which has further offices in Sydney and Brisbane, works in particular across the government, national security and defence, not-for-profit, emergency management, oil & gas and mining sectors, deepening the already existing portfolio of FTS Group in these sectors.
As part of the deal, Noetic will continue to operate under its own brand, while forming an integral part of the FTS Group. Andrew Balmaks and fellow co-founder Peter Murphy will work closely with the CEOs of the other FTS Group companies to drive collaboration on projects and innovation in propositions and thought leadership.
“It was important for us to join a group who we felt would enable us to retain our unique value while also bolstering our capability. We are pleased to be a part of the FTS Group and are looking forward to working with them to provide valued advisory and consulting services to our clients,” concluded Balmaks and Murphy.
The deal is the third in Australia’s consulting scene in 2021. Last month, McKinsey strengthened its Digital practice with a small acquisition, while early January technology consultancy Servian was acquired by Cognizant.
