SOURCE: The Boston Consulting Group

The Boston Consulting Group

July 09, 2014 16:00 ET

BCG Digital Ventures Acquires S&C, an Award-Winning Strategic-Design Firm

Acquisition Adds Local-Market Capabilities and Offerings to BCG Digital Ventures in Asia-Pacific

SYDNEY, AUSTRALIA--(Marketwired - Jul 9, 2014) - Global innovation and product development and commercialization firm BCG Digital Ventures announced today its acquisition of S&C, an award-winning strategic-design firm. The acquisition further strengthens BCG Digital Ventures, adding local-market capabilities and operations and accelerating its expansion into Asia-Pacific. BCG Digital Ventures strategically partners with the world's leading companies to identify technology-driven disruptive opportunities and to transform their business through joint investment in the identification, design, and development of new products, services, and platforms.

As one of the fastest-growing areas of The Boston Consulting Group, BCG Digital Ventures complements BCG's global breadth of industry and functional capabilities with specialized expertise in digital product innovation, development, commercialization, and investing. This unique value proposition has been the source of considerable demand and growth -- expanding to seven locations worldwide -- since its launch this past January. BCG Digital Ventures has identified priority markets for regional centers and has chosen Sydney, Australia, as one of the key hubs in Asia-Pacific.

"BCG Digital Ventures partners with leading companies worldwide to create disruptive market offerings," said Jeff Schumacher, CEO of BCG Digital Ventures. "So we are excited that S&C is now part of the Digital Ventures and BCG team, further accelerating the expansion of our digital innovation platform in Asia."

S&C is known for its industry-leading intellectual property, which links human needs with business value to create new products, services, and businesses.

Michael Priddis, the founder and a joint CEO of S&C, said, "We are delighted to be joining BCG Digital Ventures, and we look forward to applying our unique capabilities and experience in design and product development and to enhancing the company's growth."

"The combined capabilities of BCG and BCG Digital Ventures are already having tremendous impact on clients around the world. Having a team of S&C's caliber as part of Digital Ventures in Sydney will augment our impact in Australia and accelerate our momentum in Asia-Pacific," said Patrick Forth, global leader of BCG's Technology, Media & Telecommunications practice and a member of the BCG Digital Ventures board.

To learn more about BCG Digital Ventures, please visit www.bcgdv.com.

About BCG Digital Ventures
Founded in January 2014, BCG Digital Ventures is a first-of-its-kind digital-innovation product development and commercialization firm that works with the world's leading companies to develop, launch, and grow digital products, platforms, and businesses. The firm, headquartered in Manhattan Beach, California, has offices in Berlin, Boston, London, Seattle, San Francisco, and Sydney. Its world-class, multidisciplinary team of innovators and investors possesses a vast range of experience and insight to create disruptive market offerings for BCG's clients. To learn more about BCG Digital Ventures, please visit www.bcgdv.com.

About The Boston Consulting Group
The Boston Consulting Group (BCG) is a global management consulting firm and the world's leading advisor on business strategy. We partner with clients from the private, public, and not-for-profit sectors in all regions to identify their highest-value opportunities, address their most critical challenges, and transform their enterprises. Our customized approach combines deep insight into the dynamics of companies and markets with close collaboration at all levels of the client organization. This ensures that our clients achieve sustainable competitive advantage, build more capable organizations, and secure lasting results. Founded in 1963, BCG is a private company with 81 offices in 45 countries. For more information, please visit bcg.com.

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