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 Deloitte, the business advisory firm, has acquired Simulstrat, a pioneer in scenario simulations for public and private sector organizations. Simulstrat is a spin-off from the department of war studies at King’s College London. The acquisition is believed to represent the first time a British university has spun off a company founded on a humanities academic discipline.
Simulstrat will be integrated into the Resilience and Testing team, part of Deloitte’s Information & Technology Risk practice.
Simulstrat runs simulations founded on military methodology to help build contingency plans, inform business continuity strategies and test and validate the assumptions behind them.
The CEO of Simulstrat Ken Charman, who will be joining Deloitte as a director, commented: “Deloitte is willing to be innovative and pioneering in hunting down new methods for its clients. It has a proven and respected capability and is committed to leading the market in developing new and more robust methods of testing based on simulations, including live scenarios. So I am very excited that Simulstrat will be joining Deloitte.”
Rick Cudworth, head of resilience and testing at Deloitte said: “The acquisition of Simulstrat is a clear demonstration of Delolitte’s ambition to build a unique and market leading practice in this field. The addition of this expertise brings us one step closer to that goal. Deloitte will be able to help our clients simulate high-consequence events that will impact their business and allow them to take pre-emptive action.”
www.deloitte.co.uk
www.simulstrat.com
•Date: 26th Feb 2010 • Region: UK •Type: Article •Topic: BC markets and companies
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