Consulting and technology firm Sionic has been acquired by Davies, a specialist professional services and technology business, serving insurance and highly regulated markets.
The firm - whose 340-strong team operates across the UK, US, Canada, Switzerland, India, and Spain - will join Davies’ Consulting and Technology practice headed by CEO Mark Grocott.
Sionic's CEO, Craig Sher, will continue to lead day-to-day operations and will join Davies’ Executive Leadership Team, with the wider team continuing in their roles within Davies.
“I’m delighted to welcome Craig and the wider team to Davies," Dan Saulter, Group CEO of Davies, said.
“Diversifying our solutions and expanding our operations globally is an important plank to our growth strategy. Through the addition of Sionic we can become more valuable to our 1,000-plus global insurance and highly regulated clients," he added.
Mr Sher commented: “We’re delighted to be joining forces with Davies. Together, this creates a fantastic opportunity to combine our complementary skills to create innovative new products and services for existing and new clients. The cultural fit is also important, and we are delighted to be working with like-minded colleagues who share our values, sense of purpose and commitment to developing talent."
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