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Oliver Wyman Acquires Celent

Oliver Wyman, a leading international management consulting firm, announced today it has acquired Celent. Celent is a research and consulting firm focused on the global financial services industry.

Celent's operations and staff in Boston, New York City, San Francisco, London, Paris, Milan, Tokyo and Beijing will become a separate unit in Oliver Wyman's financial services practice. They will continue to produce the same high-quality, objective research on the financial services industry as they have since Celent was founded in 1999.

"This is an exciting opportunity for Oliver Wyman," said Alan McIntyre, a Managing Director for Oliver Wyman. "Celent is a well-regarded firm with a team of high-quality professionals. Its expertise in the strategic application of information technology to the financial industry complements our existing work in that area and will enhance our offering to clients. Celent's industry-leading research and publishing business is second to none and will be a strategic asset for Oliver Wyman as we seek to provide the best possible advisory services to our clients in the financial services industry."

Octavio Marenzi, Founder of Celent, commented: "Joining Oliver Wyman puts the strength of a global leader behind us and gives us new access to the most respected expertise in financial services strategy and risk management. The value of the research and consulting services we provide will be enhanced by our affiliation with Oliver Wyman."