Global management consulting firm McKinsey & Company announced today it has acquired data engineering firm Caserta. McKinsey says the acquisition will further strengthen its data capabilities to bolster the firm’s work in data strategy and design, as well as enable it to become a leading technology partner for its clients.
“We are on a journey to become the world’s leading impact partner for technology,” says Aamer Baig, McKinsey senior partner and North American leader of McKinsey Technology. “This acquisition creates a significant opportunity to help clients overcome the challenges in building competitive, industry-leading enterprise data environments.”
McKinsey began working with Caserta over a decade ago during the development of its internal knowledge management platform. Another collaboration occurred years later when a McKinsey client hired Caserta to move its data assets to the cloud. During the last year, McKinsey teamed with Caserta once more for the launch of a new data analytics software for the financial services market. McKinsey notes that, “Within weeks, Caserta mobilized improvements in the performance and stability of their cloud-based data infrastructure, improved the pace at which new features could be launched, and began coaching and developing the client’s engineering team.”
Caserta was founded in 2001 by Joe Caserta, whom McKinsey calls a pioneer in the data-engineering realm, and who has built and implemented data architectures for many Fortune 100 companies.
Caserta founder and CEO, Joe Caserta. Source: McKinsey
“When I formed Caserta, McKinsey was the model I used to stay laser-focused on positively impacting the goals of our clients,” says Joe. “There is nothing more exciting as a CEO of a tech consulting firm than building a business around solving uniquely complex problems, having our teams get completely immersed in issues that matter, and creatively constructing winning, actionable solutions that launch our clients into success.”
McKinsey says the two companies are “well-matched” with their complementary skills, and the firm appreciates Caserta’s “proprietary method of linking business needs into tailored data architecture designs” in order to solve data engineering challenges.
“The teams at Caserta want to work on challenging, cutting-edge problems, and they want their work to have impact for businesses—and their employees, particularly through capability building,” says Kayvaun Rowshankish, McKinsey senior partner and global co-leader of the firm’s Data Transformation Practice. “Unlike a lot of other data engineering shops, which tend to want to build code and get out, Caserta is more focused on long-term impact. This is consistent with our values, which makes it an undisputable fit.”
McKinsey has welcomed into its firm Caserta’s data engineers, data architects, and data strategists, a team of nearly 50.
“Caserta enhances how we can work with clients on data strategy and design. They strengthen our ability to deliver end-to-end data transformations, bringing innovative approaches, accelerators, and talent to implement cloud data architectures at enterprise scale, all of which is core to our clients’ digital and analytics development,” said McKinsey in today’s announcement.
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