Bain & Company has acquired PiperLab (a European provider of AI/ML solutions) to scale thee consulting firm’s technology offerings for clients throughout Europe, the Middle East, and Africa (EMEA). This deal establishes an Advanced Analytics and AI hub under Bain’s global Advanced Analytics Group (AAG).
Based in Madrid and launched in 2015, PiperLab aims to offer companies data-driven solutions that improve operations, increase productivity, and reduce costs. Bain and PiperLab will work together as a unified and multidisciplinary team, utilizing the power of Bain’s suite of AI products and solutions to help clients secure more business value.
Before joining Bain, PiperLab had a strong track record throughout the region and across industry sectors, including insurance, telecoms, utilities, logistics, digital and media, and other industries. It worked with clients ranging from global corporations to small start-ups. And it will now form part of Bain’s greater AAG global ecosystem, which includes over 500 data scientists, ML engineers, and operations research experts.
The PiperLab deal marks Bain’s 26th acquisition and investment over the last five years. Some recent deals focused on enhancing the firm’s digital offerings through AAG and Bain’s wider Vector digital operations.
KEY QUOTES:
“Our acquisition of PiperLab will enhance our ability to help clients solve some of their most complex challenges at the intersection of business, data science and engineering – a task that can often be challenging, especially during the new era of generative AI.”
- Roy Singh, Bain & Company partner and global head of the firm’s Advanced Analytics practice
“The demand by clients for top tech talent is increasing rapidly as companies determine how to best leverage their data for competitive advantage. Our vision is to create an analytics powerhouse in Europe not only to better support our regional clients, but to contribute and add value to Bain’s global AAG efforts in our delivery of world-class work on AI initiatives by our clients across the region.”
- Ignacio Otero, managing partner of Bain & Company in Iberia
