Exent joins advisory business of ASX-listed Atturra
ASX-listed professional services firm Atturra has bolstered its advisory business with the acquisition of Exent, a management consulting firm with around 50 staff.
Headquartered in Brisbane, with further offices in Melbourne and Sydney, Exent is an award-winning consulting firm specialised in strategy execution and the implementation of business change. The firm operates across four domains: people, process, technology, and data.
With the acquisition of Exent, in a deal worth $6 million (with a potential upswing of up to $8 million if targets are hit), Atturra continues the growth of its advisory division.
In recent years, Atturra had already added a number of specialist consultancies to Atturra Advisory, including Noetic (organisational consulting), ESAM Consulting (education-focused services) and Cubic Consulting (change management). Those deals were closed in the company’s FTS Group era, with the Atturra brand adopted in the third quarter of 2021 in the run-up to its IPO.
Stephen Kowal, the CEO of Atturra, said the company had been on the lookout for bolstering its management consulting capabilities.
“As part of our growth strategy, we have been seeking the right opportunity to harness our strength, expertise and reputation in Canberra and Defence to expand our advisory business into the commercial sector. The acquisition of Exent with its complementary expertise gives us the perfect entry point.”
Exent brings a track record in healthcare, education, local government, and industrial sectors to Atturra Advisory. Its 50-person team consists for a large part of experienced practitioners. “We have worked with the Exent team at joint clients in the local government and education sectors, and are aware of its highly regarded reputation in advisory services,” said Kowal.
Indeed, Exent last month was named one of Australia’s leading management consulting firms. The firm also recently celebrated being named Australia’s 33rd fastest growing firm.
Joe Fazzari, the Founder of Exent, said the joining of forces with the professional and technology services group will enable the team to continue its mission to “challenge and innovate the consulting space.”
“On the back of great client outcomes and a superb team, we have delivered on our [initial] goals. We were looking carefully at our next stage of growth, and a strategic acquisition made perfect sense, with Atturra the perfect partner. Atturra is an excellent fit on capability – our capabilities in business transformation, complex technology advisory and implementation, process re-engineering and people change are perfect complements to Atturra’s scale and depth in technology.”
“With this acquisition, we aim to accelerate Atturra's drive to become Australia’s leading technology services firm.”
Managing Partner of Exent, Phil Fowdar, added: “This acquisition expands our capabilities and service offering to clients, and provides tremendous career opportunities to our team. With Atturra, we have a strong shared vision, backed by the scale and depth in business and technology transformation, to create a leading full-service firm with a difference.”
In related news, Atturra said in a statement that it is on track to hit revenues of $240 million this year, up 35% on the year previous, in part thanks to the purchase of Perth-based Cirrus.
