Tredence Grows Its Financial Services Expertise by Acquiring Further Advisory

Tredence Strengthens Its Position in Financial Services by Acquiring Further Advisory

In a significant move to bolster its consulting capabilities in the financial sector, Tredence, a global leader in data science and AI solutions, has officially acquired Further Advisory, a management consulting firm based in Pittsburgh. This acquisition marks a pivotal moment in Tredence’s journey as it seeks to enhance its offerings in the banking, financial services, and insurance industries.

Further Advisory, founded in 2020, has quickly established itself as a respected name in the management consulting space, bringing expertise in various areas including technology transformation, product launch strategies, and executive leadership within its domain. By integrating Further Advisory's deep industry knowledge with its advanced analytics and AI-driven solutions, Tredence aims to provide a more comprehensive suite of services tailored to its clients’ needs.

Leadership Perspectives on the Acquisition

According to Shub Bhowmick, the CEO and co-founder of Tredence, the amalgamation of Further Advisory with Tredence is more than just an acquisition; it represents a strategic merger of strengths that will empower organizations to make smarter and swifter decisions. "We are thrilled to welcome Further Advisory into the Tredence family," Bhowmick stated. "Their unique approach to strategic consulting aligns perfectly with our data-centric solutions, allowing us to offer unparalleled value to our clients."

Echoing this sentiment, Jeff Catalina, CEO of Further Advisory, emphasized the potential for transformation that this partnership brings. He noted, "By aligning our consulting expertise with Tredence's top-notch AI and analytics capabilities, we are in a unique position to assist our clients in navigating the complexities of the fast-evolving financial landscape."

Expanded Offerings for Clients

This acquisition not only enhances Tredence’s consulting portfolio but also significantly expands its capabilities in AI, machine learning, predictive analytics, and data engineering. Clients of Further Advisory can now access these advanced features, amplifying their ability to drive efficiency and competitive advantage in their respective markets. Additionally, Tredence will benefit from a stronger foothold in the financial services sector, making it an even more formidable competitor in the consulting arena.

Sumit Mehra, Chief Technology Officer and co-founder of Tredence, expressed his enthusiasm for the partnership, stating, "This acquisition opens up new avenues for growth for both organizations. With Further Advisory’s highly skilled team joining Tredence, we can leverage their deep strategic advisory expertise alongside Tredence’s cutting-edge data capabilities, greatly benefiting our clients in their pursuit of success."

A Future Built on Data and Innovation

Both Tredence and Further Advisory share a commitment to innovation and a vision that champions the power of data and AI as pivotal instruments for business success. The combined teams bring a wealth of experience and entrepreneurial spirit, setting a solid foundation for collaborative growth and transformative solutions poised to redefine industry standards.

Tredence continues to affirm its resolve to bridge the gap between data insights and value realization. With over 3,500 employees and locations across key cities including the San Francisco Bay Area, Chicago, London, Toronto, and Bengaluru, the company remains dedicated to serving top-tier clients across various industries such as Retail, Healthcare, Telecom, and more. With this acquisition, Tredence stands to redefine the future landscape of financial services consulting.

For further updates on Tredence and its offerings, visit www.tredence.com and follow them on LinkedIn.

This merger between Tredence and Further Advisory signals a robust transformation in the consulting field, driving notable advancements that promise to benefit a wide array of clients in a dynamically changing environment.