Draw, one of the UK’s leading digital transformation agencies, has been acquired by global management consultancy Oliver Wyman, a wholly owned subsidiary of Marsh & McLennan Companies [NYSE: MMC].
Draw will join Oliver Wyman’s Digital practice, delivering digital strategy, user experience design, web development, CRM, and front and backend development. The acquisition is another demonstration of the market pivoting away from the traditional network agency model, and boosting the digital capability of the management consultancy sector.
The two organizations have successfully worked together for many years on projects around the world, including the creation of digital banks, a digital utility, and a self-service automated lending portal. Draw also led the re-design of Oliver Wyman’s website last year, which recently won the W3 and Web Awards.
Paul Beswick, Global Head of Oliver Wyman’s Digital Practice, says: “Draw have been incredible partners in many of our most transformational projects. We are delighted that they have chosen to join us formally and look forward to jointly developing our digital capabilities. Together we will be better able to help clients create differentiated digital experiences, magnetic applications, and to support their most ambitious new business ventures.”
Fred Brown, Group Managing Director of Draw, says: "We are tremendously excited to be joining Oliver Wyman. We regard them as the very best in their field; a combination of the calibre of Oliver Wyman people, the quality of their work and the respect they have for culture and creativity. The work we have been doing together in the last three years is truly transformational, and proves that the whole really can be greater than the sum of its parts.”