We are delighted to announce our acquisition of iOLAP, a US-based specialist technology and data consultancy. iOLAP marks our largest acquisition to date, joining Den Creative, Coast Digital and Retearn as we continue to strengthen our combined offering for clients.

Founded over 20 years ago in Texas, iOLAP offers world-class technology and data capabilities across a number of different service areas, from data science and advanced analytics to modern application development, artificial intelligence and machine learning. Sharing Elixirr’s acute focus on quality and high impact work, in a recent client survey iOLAP was rated 23% higher than their competition, outperforming them in 93% of the categories measured, with its main strengths attributed to technical capability and proactive insights.

Combining Elixirr’s deep strategic expertise with iOLAP’s technology and data capabilities presents a unique market opportunity, adding depth to Elixirr’s existing capabilities and enabling us to solve additional issues faced by boardrooms. The addition of iOLAP to the Group also facilitates rapid expansion in our key growth market, materially increasing Elixirr’s US footprint and team size.

Founder & CEO of Elixirr, Stephen Newton said:

I’m delighted to welcome iOLAP as the latest addition to Elixirr, one of the most significant growth milestones in our firm’s history.

As organisations continue to embark on digital transformation and operate in an increasingly customer-centric world, it is crucial for business leaders to put data at the heart of their strategy in order to stay ahead. iOLAP’s offering in this space, combined with the scale at which they operate in both the US and European markets makes this acquisition incredibly exciting.

Combining iOLAP’s expertise in data and analytics with Elixirr’s deep strategic and business consulting experience will ensure we continue to stay at the heart of key boardroom challenges. In iOLAP we see a group of culturally aligned entrepreneurs, who are driven by intellectual curiosity and a desire to solve problems for their clients and I truly believe that our combined proposition offers something unique in the market. I can’t wait to see what the future holds for Elixirr with the addition of iOLAP, as we continue in our quest to truly redefine our industry and be the best consulting firm in the world.

CEO of iOLAP, Chris Jordan said:

After growing significantly over the last few years, we were looking for a model to ensure we maintain momentum and Elixirr is the perfect partner for this. Combining our technical expertise with Elixirr’s strategic competencies allows us to satisfy greater demands from our existing and future client bases, and the respective client bases our companies hold in different geographies present significant growth opportunities.

We have already proven the power of our partnership, having worked together on several client projects over the last six months, and it’s clear that there is an appetite from our clients for a combined proposition. Joining Elixirr will also provide opportunities for our employees to further develop their careers and take on more of an owner mentality, through the various equity incentive schemes that the firm has in place.

We are excited for the future, and look forward to delivering more value for our combined client base, as part of Elixirr!

Acquiring businesses is a core pillar of our growth strategy, as we build a group of like-minded, entrepreneurial consultants aligned to shared outcomes, working together for equity value and committed to building the best consulting firm in the world. Ultimately, through a combination of Elixirr and iOLAP, we will reach our goals even faster, redefining our industry through helping our enhanced client base disrupt theirs.