Diamond Management & Technology Consultants
| Company type | Public |
|---|---|
| Industry | Management consulting |
| Founded | 1994 |
| Founder | Mel Bergstein, Chris Moffitt |
| Defunct | 2010 |
| Fate | Acquired by PwC |
| Headquarters | Chicago, Illinois , United States |
Area served | United States, United Kingdom, India |
| Products | Management consulting services |
| Parent | PwC (from 2010) |
Diamond Management & Technology Consultants operated as an independent management consulting firm established in 1994, with its main office located in Chicago, Illinois and additional branches in Hartford, Connecticut, New York City, Washington DC, London, and Mumbai. In 2010, the company was purchased by the UK-based firm PwC. Diamond was considered a smaller contender among consulting companies such as Mercer Management Consulting, Deloitte Consulting, and Accenture. Its primary sectors of expertise included consumer packaged goods, financial services, and healthcare.
History
The firm originated in Chicago in 1994 under the name Diamond Technology Partners, founded by Mel Bergstein and Chris Moffitt, supported by investments from founding partners and Safeguard Scientifics. It became a publicly traded company in early 1998. Following a merger with European consultancy Cluster Consulting, it was renamed DiamondCluster International, Inc. on November 28, 2000. After shedding parts of its global operations in 2006, the company adopted the name Diamond Management & Technology Consultants, Inc.
On November 3, 2010, PwC acquired Diamond at a price of $12.50 per share, subsequently incorporating it into PwC's Advisory Services division as Diamond Advisory Services. Before this acquisition, Diamond had expanded by acquiring several specialized consulting firms within the United States.
Throughout its existence, Diamond fostered strategic partnerships with technology innovators such as board member Alan Kay and notable industry figures including John Perry Barlow, Gordon Bell, David P. Reed, Dan Ariely, Matthew Peterson, and Dan Bricklin, who contributed to its signature conference known as Diamond Exchange.
Between 1998 and 2003, the company produced Context Magazine, which featured conversations with prominent leaders like Microsoft co-founder Bill Gates.