Berlin, October 17, 2017 – Auditing and consulting firm EY (Ernst & Young) has acquired digital consultant and company builder etventure, a strategy consultancy specializing in digital transformation and the development of digital business models. With this acquisition, EY will continue to significantly expand its consulting business in the field of digital and strategic transformation. Collaboration with the international auditing and consulting firm will principally enable etventure to further expand its business internationally. Founded in 2010, the organization will be part of the EY Group, but remain an independent company. The businesses will also continue to be run in future by the three founders Philipp Depiereux, Philipp Herrmann, and Christian Lüdtke.
Two different consulting philosophies under the same roof
Together with other EY consultants, the strategic digital consultancy will support clients on selected large projects in developing new digitally-based strategies and business models, and on integrated digital transformations.
“In etventure, we have acquired a highly innovative and excellently positioned consultancy. EY with its access to international markets, depth of sector expertise, and multi-disciplinary range of consulting services and etventure with its startup culture and its exceptional digital expertise complement each other perfectly,” commented Julie Linn Teigland, Regional Managing Partner at EY for Germany, Austria, and Switzerland (GSA).
Achim Bauer, Managing Partner at EY for the consulting business in Germany, Austria, and Switzerland, added: “Our clients will have access to two consulting philosophies under the same roof: the rather more classic consulting on issues such as strategy, transformation of business models, organization, processes, IT, and change management and – as a new addition – highly agile specialists in corporate innovation and digital transformation.”
etventure works with innovative methods such as design thinking and lean startup, relying on a combination of a fast and dynamic startup mindset, digital expertise, and an entrepreneurial and execution-oriented approach. With its two core business areas of Corporate Innovation and Startup Hub, etventure has already been supporting corporates and SMEs in their digital transformation for seven years, as well as establishing startups in-house.
“It is these strengths that have made us digital pioneers in the market who rapidly develop digital business models for our clients. We are now bringing this experience to EY’s consulting business – with the aim of shaping the consultancy of the future. At the same time, we are benefiting from EY’s being one of the Big Four – the world’s largest audit firms. Together, we can become a real gamechanger for our clients,” explained Philipp Depiereux, founder and CEO of etventure.