Oliver Wyman, a global firm focused on management consulting, and a business of Marsh McLennan (NYSE:MMC) announced the completion of its acquisition of Innopay.
Innopay complements Oliver Wyman’s existing payments consulting capabilities.
Innopay delivers strategy, scheme development, and execution “in the domain of digital payments, open finance, digital identity, and data sharing.”
Their services capture an end-to-end offering in the payments sector “to support companies and organisations to identify and seize opportunities in a digital world.”
Innopay has joined Oliver Wyman as “a specialist consulting business within the group’s European region.”
It continues to operate in the Netherlands and Germany, “maintaining its presence in Amsterdam and Frankfurt. Terms of the transaction were not disclosed.”
Dr. Stephen Whitehouse, Partner and Head of Payments for Europe at Oliver Wyman, said:
“The completion of the acquisition of Innopay heralds a considerable enhancement of Oliver Wyman’s payments capabilities. We look forward to combining our strengths and collaborating with Innopay, leveraging their expertise to deliver exceptional value and catalyze growth within the payments industry.”
Shikko Nijland, CEO, Innopay added:
“Oliver Wyman’s acquisition opens up new opportunities for us to expand our reach and deliver impactful solutions to clients. We are excited to be part of a larger organization that shares our values for growth and innovation and are thrilled to officially join forces. Together, we will unlock new value for our clients and colleagues alike.”
As noted in the update, Innopay is an international consultancy firm “specialized in digital transactions. It helps companies anywhere in the world to harness the full potential of the digital transactions era.”
The firm does this through “a broad range of propositions in the domain of digital payments, open finance, digital identity and data sharing.”
Innopay’s services capture “the entire strategic and operational spectrum of each client’s business, the technology they deploy, and the way they respond to local and international regulations.”
As mentioned in the announcement, Oliver Wyman claims it is “a global leader in management consulting.”
With offices in more than 70 cities across 30 countries, Oliver Wyman says it “combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation.”
The firm has 7,000 professionals around the world who “work with clients to optimize their business, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities.”
Oliver Wyman is a business of Marsh McLennan.
