22 September 2018
As provided by the signed agreement, onepoint will acquire 100% of the company shares from weave’s partners and NiXEN, a private equity fund manager, for €120 million. Onepoint will thus grow to 2,300 employees in Europe, North Africa, North America, Australia and Singapore, and is targeting a turnover of nearly €300 million.
This tie-up, desired by both founding chairmen and unanimously approved by weave’s partners, is above all an entrepreneurial project based on a shared vision and a common goal: to reinvent traditional consulting models and create a European leader in business and digital transformation for companies and public organizations. Its ambition: crossing the one-billion euros turnover milestone within 5 years.
100% of weave partners have opted to reinvest and become shareholders of onepoint. Over the next two years, all of the group’s employees will have the opportunity to subscribe to the company’s capital, with anoverall target ownership of up to 15%.
In an increasingly complex environment, business and public sector executives are undertaking a multidimensional transformation. The resulting service imperative combines a variety of expertise pillars, derived from operational uses, in order to achieve tangible value.
This transformation relies on human, business as well as technological levers. « We are convinced that business executives will gradually become “citizen data scientists” and that combining business knowledge with artificial intelligence will make it possible to generate breakthrough innovations. With this tie-up, we will be able to bring forward new consulting models, based on a “maker” approach, that materializes strategic recommendations by mobilizing all business competencies» – explains Didier Rousseau, Founding Chairman of weave.
« Onepoint and weave have the same intuition: only a holistic vision combining the approaches of experts from all fields constitutes an appropriate response to the transformation challenges of companies and public players. They now expect their transformation partner to be able to understand their business challenges, create new business models and operate both technology and the solution», confirms David Layani, Founding Chairman of onepoint.
Both companies’ organizational model and culture have a lot in common. Liberated companies (“entreprises ouvertes”), they advocate an open innovation approach leveraging a dense startup-ecosystem, and corporate values defined by authenticity, benevolence, commitment and expertise enhancement.
« “There is a perfect alignment; we will quickly emerge as a player of a new type, mixing business consulting, design thinking, data and technology”, said David Layani. »
« NiXEN is proud to have supported weave over the past four years and to have enabled the tie-up that made the most sense from an industrial point of view, particularly in terms of value creation », said Jean-Paul Bernardini and Vincent Houlot, associates at NiXEN Partners.
«It is highly enthusing for us to participate in a collective that so strongly embodies innovation in its own organization and in the service of its clients, while at the same time sticking to a genuine philosophy of people and expertise centricity» explained Olivier Reisse and Alexandre Meyer, founders of respectively the Technology Consulting and Banking & Insurance activities at weave.
weave, an augmented consulting collective, acts as a Pioneer & Maker. With an uninhibited relationship to technology and a strong belief in addressing the market differently, weave has been shaking up/revolutionizing/disrupting the consulting world for 15 years.
As an augmented strategy consultancy, weave brings together more than 400 expert consultants on strategic and complex business issues for enterprises, such as the open banking revolution, the digitalization of the agricultural sector, artificial intelligence, industry 4.0 and smart urbanism.
Augmented strategy, with audacity, transforms the role of a consultant by adding new skills to the initial job: Digital & UX, to rethink technologies through auser-centricprism, Design-thinking, to experiment, and Data, to invent new business models.
Weave works with major businesses as well as medium-sized companies in France and Europe, to build their growth strategy and develop new business models, in an ever more digital economy. Weave recommends the technological options that best meet their needs, after an experimental process and through sophisticated digital tools.
With an open innovation approach, weave brings together an ecosystem of startups and experts in Paris and in California that enrich its impact by offering a turnkey implementation to itscustomers.
Weave also has a strong societal commitment. Initiated in 2014, COConseil is a non-profit consultancy co-operated with three peer consulting firms and acting in the field of social and solidarity economy.
Audacity, excellence, intuition, humility and passion are the values that the firm upholds.