TMT strategy consultancy Altman Solon launches in Australia
US-headquartered boutique telecommunications, media and technology sector specialist Altman Solon – which bills itself as the largest pure-play TMT strategy consulting firm in the world – has acquired Australia and New Zealand-based Venture Consulting for an undisclosed sum.
The purchase takes the firm’s footprint out to eleven offices worldwide, following its creation through a merger last year.
Based out of Sydney, Venture Consulting has been active for roughly the past twelve years, with CEO and founder Justin Jameson and the entire Venture team set to transition to Altman Solon. Jameson will be joined in the leadership team by fellow new partner David Bornstein, who crosses after a decade-long stint with Oliver Wyman, where he co-led the management consultancy’s Australia and New Zealand TMT practice and rose to the level of associate partner.
“I am delighted that we are joining a global consulting firm that shares our values and passion for TMT,” Jameson said of the acquisition. “After eleven years building close relationships with our clients, this is an exciting next step for them, and all of our team who are making the transition with us today to expand Altman Solon’s impressive global reputation in Australia and New Zealand and provide significant value for our clients.”
In response, Altman Solon managing partner Rory Altman said; “We have enjoyed a strong partnership with the Venture team for several years. Having worked together to deliver high-quality work for our ANZ clients it was clear from the beginning that we shared a common set of values. We are excited to formalise this next step in our relationship and demonstrate Altman Solon’s commitment to the Asia Pacific region.”
Co-founded as Altman Vilandrie & Company by Altman in 2002, last year the consultancy merged with London-headquartered award-winning European firm Solon Management Consulting to create what was described as the world’s largest cross-Atlantic TMT strategy advisory, with a headcount in excess of 300 and offices across Europe and Americas.
As of last week, Altman Solon has also added a Singapore practice, which will serve together with Sydney as its dual APAC base. “Singapore is a regional hub the gateway to strategic clients in Southeast Asia,” said managing partner Patrick Bellenbaum.
In the TMT space, Altman Solon competes with the TMT practices of large strategy consultancies, the Big Four and other generalist players, as well as specialists such as Delta Partners (which last year was swallowed up by FTI Consulting) and Analysys Mason.
