Diamond Management & Technology Consultants was an independent management consulting firm founded in 1994, headquartered in

Chicago, Illinois Chicago is the List of municipalities in Illinois, most populous city in the U.S. state of Illinois and in the Midwestern United States. With a population of 2,746,388, as of the 2020 United States census, 2020 census, it is the List of Unite ...

with satellite offices in

Hartford, Connecticut Hartford is the List of capitals in the United States, capital city of the U.S. state of Connecticut. The city, located in Hartford County, Connecticut, Hartford County, had a population of 121,054 as of the 2020 United States census, 2020 ce ...

New York City New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...

Washington DC Washington, D.C., formally the District of Columbia and commonly known as Washington or D.C., is the capital city and Federal district of the United States, federal district of the United States. The city is on the Potomac River, across from ...

London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...

, and

Mumbai Mumbai ( ; ), also known as Bombay ( ; its official name until 1995), is the capital city of the Indian state of Maharashtra. Mumbai is the financial capital and the most populous city proper of India with an estimated population of 12 ...

. It was acquired by the British firm,

PwC PricewaterhouseCoopers, also known as PwC, is a Multinational corporation, multinational professional services network based in London, United Kingdom. It is the second-largest professional services network in the world and is one of the Big Fo ...

in 2010. Diamond was a smaller player among companies such as Mercer Management Consulting,

Deloitte Consulting Deloitte is a multinational professional services network based in London, United Kingdom. It is the largest professional services network in the world by revenue and number of employees, and is one of the Big Four accounting firms, along wit ...

, and

Accenture Accenture plc is a global multinational professional services company originating in the United States and headquartered in Dublin, Ireland, that specializes in information technology (IT) services and management consulting. It was founded in 1 ...

. The industry segments under which Diamond operated include consumer packaged goods, financial services, and health care, among numerous others.

History

Diamond was founded as Diamond Technology Partners in Chicago in 1994 by Mel Bergstein and Chris Moffitt with investment from founding partners and Safeguard Scientifics. The firm went public in early 1998. On 2000-11-28 the company was renamed to DiamondCluster International, Inc. as part of a merger with European management consulting firm Cluster Consulting.PR Newswire Europe Ltd.
Diamond Technology Partners completes transaction to combine with Cluster Consulting
/ref> In 2006, the company was again renamed, this time to Diamond Management & Technology Consultants, Inc. as it divested portions of its international operations. As of 3 November 2010,PwC
PwC completes acquisition of Diamond Management & Technology Consultants, Inc.
/ref> Diamond Management & Technology Consultants was acquired by PwC and renamed into Diamond Advisory Services. Before the acquisition, Diamond had also acquired few boutique consulting firms in US. Diamond had, throughout its history, well-defined relationships with major technology pioneers such as

Alan Kay Alan Curtis Kay (born May 17, 1940) published by the Association for Computing Machinery 2012 is an American computer scientist who pioneered work on object-oriented programming and windowing graphical user interface (GUI) design. At Xerox ...

, a member of the

board of directors A board of directors is a governing body that supervises the activities of a business, a nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulatio ...

, as well as John Perry Barlow,

Gordon Bell Chester Gordon Bell (August 19, 1934 – May 17, 2024) was an American electrical engineer and manager. An early employee of Digital Equipment Corporation (DEC), from 1960–1966, Bell designed several of their PDP machines and later served as ...

, David P. Reed,

Dan Ariely Dan Ariely (; born April 29, 1967) is an Israeli-American professor and author. He serves as a James B. Duke Professor of psychology and behavioral economics at Duke University. He is the co-founder of several companies implementing insights f ...

, Matthew Peterson and

Dan Bricklin Daniel Singer Bricklin (born July 16, 1951) is an American businessman and engineer who is the co-creator, with Bob Frankston, of VisiCalc, the first spreadsheet program. He also founded Software Garden, Inc., of which he is currently president, ...

, all regular faculty members of the privately branded industry conference called Diamond Exchange. From 1998 to 2003, the company published an industry magazine named ''Context Magazine'', the premiere issue of which included an interview with

Microsoft Microsoft Corporation is an American multinational corporation and technology company, technology conglomerate headquartered in Redmond, Washington. Founded in 1975, the company became influential in the History of personal computers#The ear ...

founder

Bill Gates William Henry Gates III (born October 28, 1955) is an American businessman and philanthropist. A pioneer of the microcomputer revolution of the 1970s and 1980s, he co-founded the software company Microsoft in 1975 with his childhood friend ...

. On November 2, 2010,

PricewaterhouseCoopers PricewaterhouseCoopers, also known as PwC, is a multinational professional services network based in London, United Kingdom. It is the second-largest professional services network in the world and is one of the Big Four accounting firms, alon ...

acquired Diamond for $12.50 per share in cash. Diamond now operates as a homogeneous component of PwC's Advisory Services.

References

External links

DiamondExchange
industry conference website {{DEFAULTSORT:Diamond Management and Technology Consultants Companies formerly listed on the Nasdaq Companies based in Chicago Management consulting firms of the United States International management consulting firms 1994 establishments in Illinois 2010 disestablishments in Illinois American companies established in 1994 Consulting firms established in 1994 Consulting firms disestablished in 2010