In a groundbreaking move, renowned management consulting firm Bain & Company announced its acquisition of managed services and consulting division of Max Kelsen’s on July 31, 2023. The company holds expertise in MLOps and caters to several Fortune 500 companies like Google Cloud Platform (GCP) and Amazon Web Services (AWS). The strategic partnership is set to revolutionize the consulting landscape, as it aims to provide enhanced artificial intelligence (AI) and machine learning (ML) services to Bain’s clients worldwide.
This merger comes at a time when businesses are increasingly recognizing the transformative potential of AI and ML technologies in optimizing processes, driving innovation, and gaining a competitive edge in the digital era. Max Kelsen’s varied services like AI applications and ML systems will be grouped under Bain & Company Advanced Analytics Group (AAG). This acquisition will allow Brian & Company to harness cutting-edge technology to address complex business challenges across various industries.
“We are delighted to welcome the Max Kelsen Consulting team to Bain, and to bring their industry-leading machine learning expertise to bear to deliver even more powerful solutions to our clients,” said Roy Singh, global head of Bain’s Advanced Analytics Group. “We are seeing growing demand from clients for AI-related services and engineering capabilities that will enable them to be early movers in shaping how this generational shift in technology could transform their respective industries.”
The decision to acquire Max Kelsen was driven by the alignment of both the companies expertise and vision. Max Kelsen has a solid reputation in Australia, as well as around the world, for delivering state-of-the-art AI and ML solutions tailored to meet the specific needs of its clients. The company’s team of data scientists, machine learning engineers, and AI experts has successfully implemented projects ranging from real-time prediction, computer vision, robotics, industrial control optimization and operational machine learning (MLOps) for various industries such as healthcare, financial services, mining, life sciences and retail.
“We are very excited about the quality of the Max Kelsen Consulting team and the innovative work they have done for clients in Australia and globally. This acquisition will strengthen the suite of AI and ML capabilities we offer to our clients regionally and globally,” said Richard Fleming, leader of Bain’s Advanced Analytics Group in Asia Pacific.
“We are excited to join Bain at a time when businesses are starting to navigate the disruptions brought on by generative AI,” said Nicholas Therkelsen-Terry, co-founder and CEO of Max Kelsen. “In a rapidly evolving business climate, companies that understand how to use these tools to their advantage will come out on top. By joining Bain, we are thrilled to be working with an even larger pool of global clients and supporting Bain to strengthen their global ML capabilities.”
As the business landscape becomes increasingly complex and technology-driven, organizations are seeking guidance to navigate the challenges and opportunities that AI and ML present. Bain & Company recognizes the potential for these technologies to transform businesses, but it also acknowledges the need for a strategic and ethical approach. This acquisition is a testament to the companies’ commitment to delivering responsible and value-driven solutions that align with their clients’ long-term objectives.
The integration of Kelsen’s Consulting within Bain & Company’s operations will be executed strategically to ensure a seamless transition and continuity of services. Both firms will collaborate closely to leverage their collective strengths, foster innovation, and explore new avenues for growth in the AI and ML space.
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