Bain & Company, a Boston, MA-based consultancy company, acquired Umbrage, a Houston, TX-based digital product studio.
The amount of the deal was not disclosed.
Together, Umbrage will work closely with Bain’s Innovation & Design services and bring additional deep technical expertise in areas such as Product Management, UI/UX Design, Full-Stack Development, DevOps, QA, and Web3. The move will further support clients with the end-to-end delivery capabilities necessary to conceptualize, design, build, and scale next-level, software-driven business models and products. The deal will accelerate the scaling of the firm’s Innovation & Design services by strengthening Bain’s full suite of digital services provided through Vector. To date, Bain’s Vector team has advised on more than 6,700 digital projects across industries around the world, delivering end-to-end capabilities in advanced analytics, innovation & design, software engineering and enterprise technology.
Led by CEO Will Womble, Umbrage is a crafts-based digital studio with presence in Houston, TX and Monterrey, Mexico. Founded in 2019, The company partners with its customers to deliver and scale solutions to complex business problems. Umbrage has delivered and scaled customized software solutions to a variety of industries notably including Web3 applications in financial services and the energy and natural resources industries .
Following completion of the deal with Bain, Umbrage will continue to operate independently as a branded service line associated with Bain Innovation & Design. It will also continue to provide services to its pre-existing clients across energy and natural resources and multiple other sectors.
FinSMEs
01/02/2023