What's Happening?
Double Diamond Delivery, a Bath-based tech consultancy, has entered into a strategic partnership with Spherica Business Solutions, a Birmingham-based IT managed services provider. This partnership, facilitated by KBS Corporate, involves Spherica acquiring a majority stake in Double Diamond. Founded in 2021 by Olly Lock, Double Diamond specializes in technology-enabled change, structured delivery, and operational improvement across various sectors, including local authorities and healthcare. The partnership aims to leverage Spherica's capabilities in modernizing technology and maximizing performance through AI and automation. Despite the acquisition, Double Diamond will maintain its operational independence, with Olly Lock continuing as CEO.
The collaboration is expected to enhance business development and operational capabilities for Double Diamond.
Why It's Important?
This partnership is significant as it represents a strategic move to bolster Double Diamond's growth and service offerings. By joining forces with Spherica, Double Diamond can access broader resources and expertise, particularly in AI and automation, which are crucial for modernizing technology infrastructures. This collaboration could lead to improved operational outcomes for clients in sectors like healthcare and local government, potentially setting a precedent for similar partnerships in the tech consultancy industry. The deal also highlights the growing trend of strategic partnerships in the tech sector, where companies seek to enhance their capabilities and market reach through collaborative efforts.
What's Next?
As Double Diamond integrates into the Spherica group, the focus will likely be on expanding its client base and enhancing service delivery. The partnership may lead to new projects and initiatives aimed at leveraging Spherica's technological strengths. Stakeholders, including clients and employees, can expect a period of adjustment as the two companies align their operations and strategies. Future developments may include the introduction of new services or solutions that capitalize on the combined expertise of both firms. The success of this partnership could influence other tech consultancies to pursue similar strategic alliances.
