Company:Avasant

Avasant LLC

Type	Private
Industry	Management consulting, Sourcing advisory
Headquarters	Los Angeles , California
Number of locations	16 Offices, 10 countries (2016) Washington, D.C. USA New York, USA Mumbai, India Beijing, China London, UK
Areas served	Asia Europe Latin America Middle East North America
Key people	Kevin S. Parikh, CEO Robert W. Randolph, CFO Dr. Pradeep Mukherji, Managing Partner Asia & Africa Adrian Quayle, Managing Partner Europe
Website	avasant.com

Avasant is a global management consulting firm headquartered in Los Angeles and advises private and public sectors in many parts of the world. Avasant is an Advisory firm for strategic sourcing, business & IT transformation, globalization and digital transformation services.

Avasant's clients are corporations across various industries, including energy & utilities, banking and financial services insurance, manufacturing & retail, healthcare & lifesciences, telecom & hi-tech, state & local government, media & entertainment and travel & transportation.

In 2013, Avasant opened a new office in Washington, D.C. to serve the mid-Atlantic region. Avasant also strengthened its presence in Europe with the formation of Avasant Europe which is headquartered in London as a fully owned subsidiary of Avasant LLC USA. In 2014, Avasant entered formally into the German market through a partnership with SEPICON, a sourcing consulting firm. Avasant has expanded its presence in India setting up operations in Bangalore and New Delhi, in addition to its regional office in Mumbai.

History

Avasant was founded as Stradling Global Sourcing, as a sister company of Stradling Yocca Carlson & Rauth (SYCR). SYCR is a Newport Beach, California law firm in business for over 35 years. In 2006, the company changed its name to Avasant. Avasant represents the merging of the Latin word “ava” meaning “advisor” and the Sanskrit word, “sant” meaning “sagely.” Once merged the name supposedly means "sagely advisor."

During 2008, Avasant went through a planned management buy-out from SYCR. The two companies, although separate, continue to maintain strategic ties. Since its formation Avasant has been identified as a top sourcing advisory firm in leading industry publications, including distinctions with the IAOP Top Sourcing Advisor and the Black Book of Outsourcing.

Avasant signed a Memorandum of Understanding with the governments of Hangzhou and Chongqing in 2009, which was designed to improve BPO training and education in China.

Avasant launched a subsidiary company called AvaSense, Inc in June 2010. This new company developed a proprietary Vendor Governance system for managing Outsourcing and third party contracts. Avasense is a comprehensive VMO process management application delivered as a Software as a Service. Avasant acquired Global Equations (Texas based outsourcing and globalization advisory firm) in December 2010 and expanded its service offerings in the areas of Sourcing, Globalization, Executive events and Go-to-market advisory services.

Avasant entered into strategic partnership with MergerTech (investment banking firm) in 2012 to strengthen its Mergers & Acquisitions offerings for IT/BPO firms the world over. Avasant also launched a community blog called GlobalizationX to provide thought leadership and research-based content related to globalization and impact sourcing topics.

In 2013 Avasant acquired Sourcingboard LLC, a Washington DC based boutique sourcing advisory firm. The acquisition enabled Avasant to extend its services to new industry segments such as airlines, insurance and high-tech.

Avasant's entry into the German market, via its partnership with SEPICON, has helped Avasant’s growth strategy.

External links

• WallSt.Net Company Profile
• IAOP 2014 World’s Best Outsourcing Advisors Ranking
• NOA Award for Corporate Social Responsibility 2013 Shortlist