Global consultancy Bain & Company acquired PiperLab, a Madrid, Spain-based provider of artificial intelligence (AI) and machine learning (ML) solutions.
The acquisition will enable Bain to further scale its AI and ML offerings for clients throughout Europe, the Middle East and Africa (EMEA). The deal establishes an additional Advanced Analytics and AI hub under Bain’s global Advanced Analytics Group (AAG) – the firm’s AI practice.
Founded in 2015, PiperLab aims to provide companies with data-driven solutions that improve operations, increase productivity, and reduce costs. Prior to becoming part of Bain, the company built a track record throughout the region and across industry sectors, including in insurance, telecoms, utilities, logistics, digital and media, and other industries, working with clients from global corporations to startups. It will now form part of Bain’s AAG global ecosystem consisting of more than 500 data scientists, machine learning engineers and operations research experts all working to bring holistic business and technology solutions to clients worldwide. Now, as part of Bain’s AAG EMEA operations, Bain and PiperLab will work together as a unified and multi-disciplinary team that will leverages Bain’s full suite of AI products and solutions to help clients to secure real business value.
FinSMEs
15/03/2024