TL;DR:
- Bain & Company acquires Max Kelsen Consulting, a provider of AI and ML solutions.
- Max Kelsen Consulting’s team of ML engineers will join Bain’s Advanced Analytics Group.
- The acquisition aims to offer enhanced ML and AI capabilities to clients worldwide.
- Max Kelsen’s expertise includes real-time prediction, computer vision, and more.
- The deal strengthens Bain’s AI and ML offerings in the Asia Pacific region.
- Max Kelsen’s products division and research division are not part of the acquisition.
Main AI News:
In a strategic move aimed at bolstering their advanced analytics capabilities, Bain & Company, a leading global consulting firm, has announced the acquisition of Max Kelsen’s consulting and managed services divisions, collectively known as “Max Kelsen Consulting.” This acquisition brings together two powerhouses in the artificial intelligence (AI) and machine learning (ML) space to offer cutting-edge ML and AI solutions to clients on a global scale.
Max Kelsen Consulting, founded in 2015 and based in Australia, has built a formidable team of full stack ML engineers who have been delivering exceptional ML systems, AI-powered applications, and advisory services to a diverse clientele. By integrating Max Kelsen Consulting into Bain’s Advanced Analytics Group (AAG), the unified team is poised to drive innovation and enable enterprises to harness the true potential of AI and ML in solving complex business challenges.
“We are thrilled to welcome the Max Kelsen Consulting team to Bain, as their industry-leading expertise in machine learning will empower us to provide even more impactful solutions to our clients,” expressed Roy Singh, global head of Bain’s Advanced Analytics Group. The demand for AI-related services and engineering capabilities is steadily growing, and Bain aims to stay at the forefront of this technology-driven shift, allowing clients to shape and drive transformation within their respective industries.
The acquisition holds particular significance for Bain’s operations in the Asia Pacific region. Richard Fleming, leader of Bain’s Advanced Analytics Group in Asia Pacific, emphasized the enrichment of their AI and ML offerings for clients both regionally and globally through this partnership.
Max Kelsen has a remarkable track record of successfully collaborating with prominent Australian and global corporations, deploying cutting-edge ML solutions in areas like real-time prediction, forecasting, computer vision, industrial control optimization, and robotics. Moreover, they have been instrumental in establishing best practice operational machine learning (MLOps) capabilities for clients, earning them a reputation as trusted leaders in the industry. With a diverse portfolio of clientele, including Fortune 500 companies, and partnerships with top cloud providers like Amazon Web Services and Google Cloud Platform, Max Kelsen’s expertise spans various sectors. Notably, the company has demonstrated deep proficiency in serving the healthcare and life sciences domain.
Nicholas Therkelsen-Terry, co-founder and CEO of Max Kelsen, expressed enthusiasm about the acquisition, noting that businesses are now navigating the disruptions brought on by generative AI. He emphasized that companies that leverage these advanced tools effectively will gain a significant advantage in the rapidly evolving business landscape. With Bain’s global presence and extensive client base, Max Kelsen looks forward to expanding its impact on a larger scale.
It’s important to note that Max Kelsen’s products division, including SAVI Surgical and PROPeL Health AI, and their research division, are not part of the acquisition by Bain, ensuring the continuity of their independent endeavors.
Conclusion:
The acquisition of Max Kelsen Consulting by Bain & Company signifies a strategic move to expand their AI and ML services. By integrating Max Kelsen’s expertise into their Advanced Analytics Group, Bain aims to meet the growing demand for AI-related services and drive innovation for their global clientele. This move enhances their position in the market, enabling them to provide more impactful solutions and stay at the forefront of technology-driven transformations in various industries.
