Avasant

Avasant LLC
Private
Industry Management consulting, Sourcing advisory
Headquarters Los Angeles, California
16 offices in 10 countries: Washington, D.C. - USA - New York, USA - Mumbai, India - Beijing, China - London, UK
Key people
 Kevin S. Parikh, CEO
Robert W. Randolph, CFO
Dr. Pradeep Mukherji, Managing Partner Asia & Africa
Adrian Quayle, Managing Partner Europe
Slogan Technology. Document Management. Consulting Services.
Website www.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 recognized globally as a leading Advisory firm for strategic sourcing, business & IT transformation, globalization and digital transformation services.

Avasant's clients are leading 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. The International Association of Outsourcing Professionals (IAOP) has consecutively ranked Avasant as a Top Firm in “World's Best Outsourcing Advisors” list for seven years in a row. Vault Consulting Survey recognizes Avasant as a “Top IT Consulting” and “Best to Work For” firm for 2014. The London-based National Outsourcing Association has nominated Avasant as an “Outsourcing Advisory of the Year” for 2014 and 2013.

With offices in 10 countries, Avasant drives customer value through the use of proprietary consulting and advisory methods, which have been refined over decades of real-world transaction and engagement experience. In 2013, Avasant opened a new office in Washington, D.C. to serve its clients in the mid-Atlantic region.[1] 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.[2] 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 originally founded as Stradling Global Sourcing, as a sister company of Stradling Yocca Carlson & Rauth (SYCR).[3] 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 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[4] and the Black Book of Outsourcing.[5]

Avasant signed a Memorandum of Understanding with the governments of Hangzhou[6] and Chongqing in 2009, which was designed to improve BPO training and education in China.[7]

Avasant launched a subsidiary company called AvaSense, Inc in June 2010.[8] 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.[9] 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.[10]

Avasant's entry into the German market, via its partnership with SEPICON, has helped Avasant’s growth strategy.[11] For SEPICON, the relationship provides a service model for its global subsidiaries and partners. In 2014 Avasant also launched Avasant Connect, a new cloud-based collaboration portal exclusively intended for managing relationships with the global service provider ecosystem.

Corporate social responsibility

Avasant has been a strong supporter of non-profit and community/social development initiatives such as Impact Sourcing. In 2011 Avasant formed the not-for-profit Avasant Foundation to align the firm’s corporate social responsibility initiatives. Leveraging its expertise in globalization, rural economic development, skills development and technology enabled services, Avasant is able to channel several socio-economic development initiatives through the Foundation. The Foundation’s mission is to identify and support programs that uplift and provide opportunities to the needy in underdeveloped and emerging economies. Through its strong partner network of Non-Governmental Organizations (NGOs), Avasant Foundation is focused on creating employment, corporate philanthropy and community development.

Avasant carried out an extensive research project and in 2012 published a path-breaking report on Impact Sourcing, supported by The Rockefeller Foundation.[12] This report focused on sustainable job creation in emerging economies through the Impact Sourcing model and provided specific recommendations to governments and industry to implement and scale the Impact Sourcing sector.[13]

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