Thursday 10 June 2021 – Sydney: It is with great excitement that Quay Consulting announces that we have signed an unconditional agreement to merge with Cornerstone Performance Management and that we will become part of the Cornerstone Performance Management Group alongside PMsquare, which joined in July 2016. The merger is expected to complete by 1 July 2021.
As outcome-led organisations, we believe that the merger of Quay Consulting and Cornerstone Performance Management will deliver market-leading excellence in end-to-end program and project delivery, coupled with specialist technology capability in supply chain, workforce management, financial modelling, and information management solutions. The merger of our companies will provide high-level consulting and delivery capability across Asia Pacific, typically seen in larger consultancies together with the benefits of a small firm approach.
Why Quay and Cornerstone?
Our decision to merge stems from clear synergies between two leaders of excellence in driving outcome-led transformation that incorporates pragmatic and fit-for-purpose solutions to our clients across all sectors including financial services, property and construction, health and pharmaceutical, higher education, media, not for profit and government.
As specialists in project management, project delivery, PMO, and assurance, Quay Consulting drives positive change and lasting benefits to organisations via its multifaceted project capabilities.
Merging with Cornerstone will expand our capability to provide specialist information management solutions including budgeting, forecasting, data governance, and business intelligence, which can be provided in conjunction with our project capabilities.
For Cornerstone, which deliver world-class technologies in information strategy, data management, business intelligence, analytics, and performance management, the merger will expand their end-to-end project delivery capabilities with a broader set of project resources, including business analysts, change specialists, and PMO leadership.
While we will merge under the umbrella of the Cornerstone Performance Management Group, Quay Consulting and Cornerstone Performance Management will continue to operate under our respective brands, as will PMsquare.
Outcome-led excellence with a human touch
Quay was actively seeking to expand and partner with different, yet complementary organisations and topmost for us was ensuring a strong cultural fit. Our culture has been built on firm foundations of people first in all areas of our business – our employees, our consultants, and our clients – while ensuring we delivered personal excellence across our project teams.
When we met with the Cornerstone team, it was clear that while the expansion was the drawcard, the symmetries between our organisations were there: outcome-led with strong alignment of cultural values.
Michael Bolton, Managing Director of Quay Consulting, says:
“There is considerable synergy between our cultures, our people, and our approach to achieving and delivering excellence. Bringing together our respective areas of expertise will ensure that clients have access to Big 4 levels of capability with the personal approach of a smaller firm.”
Piers Wilson, Managing Director of Cornerstone Performance Management adds:
“Our top priority was to find an organisation whose cultural values matched ours. We see a great deal of opportunity for our clients in Australia and Asia to benefit from the delivery of excellence in professional services by joining the respective expertise of Quay Consulting, Cornerstone Performance Management, and PMsquare.”
A new chapter of growth and excellence
Expectations are that the merger will be completed by 1 July 2021 and Cornerstone Performance Management, PMsquare, and Quay Consulting will embark on an exciting new chapter of growth and expansion of consulting excellence.
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- Big 4 capability delivered with a small-firm approach
- Outcome-led, pragmatic, and fit-for-purpose solutions and technologies that are designed to deliver the change that clients need
- Award-winning organisations in our respective fields that strive to deliver excellence across our service streams
- Considerable cultural and strategic synergies that will enable our clients greater opportunity to work together.