The consulting firm Bain & Company has acquired Spain's PiperLab, which specialises in artificial intelligence (AI) and machine learning (ML), in order to expand its range of solutions in these fields for its clients in Europe, the Middle East and Africa (EMEA). Under the agreement signed between the parties, a new AI and advanced analytics centre will be established and will report directly to Bain's global advanced analytics group (AAG).

PiperLab is based in Madrid and was founded in 2015 with the aim of providing companies with data-driven solutions designed to improve their operations, increase their productivity and reduce their costs. Now integrated into the EMEA AAG, the PiperLab and Bain teams will leverage their multi-disciplinarity and synergies to enhance the suite of AI products and solutions that the US multinational provides to its clients.

Solid track record
In its previous role, PiperLab built a strong track record across EMEA and across all industry sectors, including insurance, telecoms, utilities, logistics, digital and media fields and other industries. Small startups and global corporations have all worked with the Spanish company.

Bain's global AAG ecosystem into which it is now integrated includes over 500 data scientists, machine learning engineers and operations research experts. PiperLab is capping off a total of 26 acquisitions and investments made by Bain over the past five years to strengthen its digital offering.

New era of generative AI
Bain & Company partner and Global Head of Advanced Analytics Roy Singh said, “Our acquisition of PiperLab will enhance our ability to help customers solve some of their most complex challenges at the intersection of business, data science and engineering, a task that can often be challenging, especially during the new era of generative AI”.

Bain & Company's Managing Partner in Iberia, Ignacio Otero, added, “Client demand for top-tier technology talent is increasing rapidly as companies determine how best to leverage their data for competitive advantage. Our vision is to create an analytics powerhouse in Europe to not only give better support to our regional clients, but also to contribute and add value to Bain's global AAG efforts in our delivery of work, and to achieve excellence in AI initiatives by our clients across the region.”

^{Photo: Bain & Company}