Avasant Company Profile

Background

Founded in 2006, Avasant is a global management consulting firm headquartered in El Segundo, California. The company specializes in translating technological advancements into actionable business strategies, focusing on digital and IT transformation, sourcing advisory, global strategy, and governance services. Avasant's mission is to empower businesses to navigate the complexities of the digital age, fostering innovation and sustainable growth. With a presence in over 50 countries, the firm has conducted more than 1,000 engagements across diverse industries, including banking, healthcare, telecommunications, and manufacturing.

Key Strategic Focus

Avasant's strategic focus encompasses several core objectives:

Digital Transformation: Assisting enterprises in developing and executing digital business models, integrating emerging technologies to drive business transformation.

Sourcing Advisory: Providing strategic sourcing services, including market scans, commercial due diligence, and vendor assessments, to optimize client operations.

Global Strategy: Offering services such as industry promotion, ICT capability enhancement, and digital empowerment to support clients' global expansion and competitiveness.

Governance Services: Delivering managed governance services to help organizations manage vendor portfolios, ensuring alignment with business strategies and operational transparency.

The firm leverages proprietary technologies and methodologies, such as AvaSense™, a SaaS-based governance tool, to deliver high-value engagements through industry-focused innovation and flexible client-based solutions.

Financials and Funding

As of April 2025, Avasant reported an annual revenue of approximately $75 million, reflecting its financial stability and growth trajectory. The firm operates as a privately held company and has not publicly disclosed specific funding rounds or external investments.

Technological Platform and Innovation

Avasant distinguishes itself through several proprietary technologies and innovative methodologies:

AvaSense™: A SaaS-based governance tool that integrates best-in-class processes, workflow automation, and configurable analytics dashboards to enhance vendor management and operational transparency.

Strativa Edge™: An AI-powered platform combining proprietary research and public data curation, showcasing Avasant's commitment to innovation and providing clients with advanced solutions.

RadarView™: Provides industry and technology insights by geography, assisting senior leaders in identifying and profiling technology targets.

Computer Economics™: Offers benchmarks for IT spend and organization sizing across 21 industries, leveraging over 40 years of data.

Avamark™: A benchmarking platform providing cost, price, and performance metrics for IT operations and business processes.

Global Equations™: Provides intelligence for over 100 locations globally to support the selection of optimal sites for shared services centers.

Leadership Team

Avasant's leadership team comprises seasoned professionals with extensive industry experience:

Kevin S. Parikh: Chairman and CEO. Parikh is an American author, entrepreneur, and futurist, known for his work on digital transformation. He founded Avasant and has led the company in advising Fortune 500 companies on digital innovation and transformation.

A. A.: Chief Executive Officer. Details about A. A.'s professional background and contributions to Avasant are not specified in the available sources.

S. M.: Partner - Corporate Innovation & Digital Reinvention. Details about S. M.'s professional background and contributions to Avasant are not specified in the available sources.

Competitor Profile

Market Insights and Dynamics

The management consulting industry is highly competitive, with firms striving to offer innovative solutions in digital transformation and strategic advisory services. Avasant operates in a market characterized by rapid technological advancements and evolving client needs, necessitating continuous innovation and adaptability.

Competitor Analysis

Avasant's primary competitors include:

Triple Crown: A consulting company providing engineering and staffing services.

AAA Staffing: An employment agency specializing in permanent placement services.

Ripple Effect: A company offering professional consulting solutions.

ZMG Ward Howell: An executive search firm.

These competitors focus on various aspects of consulting and staffing services, each bringing unique strengths to the market.

Strategic Collaborations and Partnerships

Avasant has established significant collaborations to enhance its market position and innovation capacity:

IAOP Recognition: Consistently recognized by the International Association of Outsourcing Professionals (IAOP) as a top global outsourcing provider, highlighting excellence in strategic partnerships.

Avasant Foundation: Engages in technology and skill development programs to create employment opportunities for youth across Africa, Asia, the Caribbean, and Latin America, reflecting a commitment to social responsibility and community development.

Operational Insights

Avasant's strategic considerations in relation to major competitors include:

Market Position: Leveraging its recognition by IAOP and other organizations to attract clients seeking reliable outsourcing partners.

Competitive Advantages: Utilizing proprietary technologies like AvaSense™ and Strativa Edge™ to offer advanced solutions, differentiating itself in the consulting market.