Press Release


October 31, 2019

Equiteq, the leading M&A advisory firm for companies in the knowledge economy, is pleased to announce that it has advised Caiman Consulting (“Caiman”), a premier management consulting firm focused on the technology industry, on its sale to Sia Partners, a leading international independent management and AI consulting firm.


“The Equiteq team was a pleasure to work with in completing a fairly complex transaction.  They demonstrated a strong depth of knowledge in professional services, top negotiation skills, and the patience and fortitude to bring the buyer and seller to a mutually agreeable place to complete the deal.” - Raazi Imam, Caiman CEO

Caiman Consulting (“Caiman”), a premier management consulting firm focused on the technology industry, today announced it has completed its sale to Sia Partners, a leading international independent management and AI consulting firm.

Caiman was founded in 2004 by Raazi Imam and Greg Long with a stated goal to help companies become more innovative, navigate change, and thrive in a transforming world. With a presence in both Seattle and the San Francisco Bay area, Caiman has been helping clients in the technology space navigate disruption, build enterprise capabilities, and drive transformational change for the past 15 years.

Sia Partners is a global, next generation consulting firm focused on delivering superior value and tangible results to its clients as they navigate the digital revolution. The firm’s broad global reach expands into 16 countries, with over 1,600 consultants worldwide. Sia Partners’ U.S. practice works with more than 50 blue-chip companies in the U.S. across six main sectors including banking, energy and utilities, insurance, technology, transportation, and healthcare. The firm differentiates itself by applying its innovative Consulting 4.0 approach that combines management consulting skills with AI techniques.

Caiman’s Managing Partners, Raazi Imam, Sheri Iverson and Marci Marra, will join Sia Partners’ U.S. management team under the leadership of Dan Connor, CEO U.S. at Sia Partners. Raazi Imam will lead the newly-established Sia Partners’ offices in San Jose and San Francisco. Mark Birzell – from Sia Partners – will head the Seattle office.

“After 15 years of growing Caiman to become a leading and respected management consulting practice, it’s energizing to find a place that shares our intrinsic values and can help us scale the great digital transformation work we’ve been doing in the high-tech sector. We are impressed by Sia’s pioneering Consulting 4.0 approach and we believe that having a global footprint to serve our clients, notably in Dublin, London and Singapore along with a deep focus on AI, Data Science and Digital is a key differentiator as we continue to support our clients transform their businesses,” said Raazi Imam, CEO of Caiman.

“This transaction establishes Sia Partners as a leading consulting player in the Seattle market, with 100 expert consultants,” said Matthieu Courtecuisse, Founder and CEO of Sia Partners. “It also strengthens our global tech practice, which now represents 10% of our total revenue.”

“The combination of two pure consulting players, with strong focuses on innovation, is a natural one, as Caiman’s client portfolio and team’s expertise seamlessly complement Sia Partners’ existing capabilities on the West Coast. Caiman will help Sia Partners achieve its goal of over 500 consultants in the U.S. by the end of 2020. We are excited to welcome them.” said Dan Connor.

Regarding Equiteq’s role in the transaction, Raazi Imam said, “Equiteq’s expert counselling and devotion to protecting our best interests ultimately led to identifying the right partner, Sia Partners, to help drive our next stage of growth. We are grateful to the entire Equiteq team for their commitment to helping us achieve this exciting transaction with Sia Partners.”

Adam Tindall, Managing Director of Equiteq’s North America practice, commented, “It has been a privilege working with the Caiman team and to complete this transaction with Sia Partners. Equiteq’s global reach was instrumental in helping to bring buyers across the globe into the process. We wish the Caiman and Sia teams a successful future together.”

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