EY-Parthenon, the strategy consulting arm of EY, has acquired CMA Strategy Consulting, a technology, media, and telecom (TMT) specialist firm.
CMA focuses on providing strategy advisory for the digital infrastructure space – including data centers and internet infrastructure, fiber networks, towers and small cells, satellite operations, communications services, and enterprise IT. The firm’s services include strategic planning, due diligence, operational improvement, product development, and regulatory advisory.
CMA has approximately 65 consultants located primarily in Boston, San Francisco, and London.
EY-Parthenon’s acquisition of CMA will boost its strategy and transaction-based offerings for digital infrastructure clients.
“The addition of CMA will enhance EY-Parthenon’s services for leading TMT companies and investors. As one team, we will help lead the way in the technology revolution,” said Barak Ravid, EY Global TMT leader for strategy and transactions, EY. “CMA’s leaders have played pivotal roles in the digital infrastructure revolution – their delivery approach and culture strongly align with the EY-Parthenon team.”
Headquartered in Boston, EY-Parthenon’s more than 6,500 global consultants work with clients across a range of industries on corporate and growth strategy, transaction strategy and execution, and turnaround and restructuring.
The wider EY Global accounting and consulting network has more than 312,000 people, and recently announced combined global revenues of $40 billion for FY 2021 – representing a year-over-year increase of 7.3%.
“We are excited to join EY-Parthenon, where we will be able to maintain our high-touch client relationships and our relentless pursuit of continuous improvement while further enabling us to support our clients as they take advantage of new opportunities,” said Nick Vantzelfde, CMA founder and managing partner.
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