CORNERSTONE PM GROUP PRESS RELEASE
Thursday, 10 June 2021, Sydney: It is with great excitement that Cornerstone Performance Management announces that we have signed an unconditional agreement to merge with Quay Consulting and that Quay will become part of the Cornerstone Performance Management Group alongside PMsquare upon completion in July 2021.
As outcomes-led organisations, we believe that the merger of Cornerstone Performance Management and Quay Consulting 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 Cornerstone and Quay?
Our decision to merge stems from clear synergies between two leaders of excellence in driving outcomes-led transformation and pragmatic fit-for-purpose solutions to our clients.
As specialists in the delivery of world-class technologies in information strategy, data management, business intelligence, analytics, and performance management, the merger will expand Cornerstone’s end-to-end project delivery capabilities with a broader set of project resources, including business analysts, change specialists, and PMO leadership.
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 Quay’s capability to provide information solutions such as budgeting, forecasting, data governance, and business intelligence alongside their project delivery capabilities.
While we will merge under the umbrella of the Cornerstone Performance Management Group, Cornerstone Performance Management and Quay Consulting will continue to operate under our respective brands.
Outcomes-led excellence with a human touch
Cornerstone Performance Management was actively seeking to expand and partner with different, yet complimentary, 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 Quay Consulting leadership team, it was clear that while expansion was the drawcard, the symmetries between our organisations were there: outcomes-led with strong alignment of cultural values.
Piers Wilson, Managing Director of Cornerstone says:
“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 and Cornerstone.”
Michael Bolton, Managing Director of Quay Consulting, adds:
“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 touch of a smaller firm.”
A new chapter of growth and excellence
Expectations are that the merger will complete by 1 July 2021 and that Cornerstone Performance Management, PMsquare, and Quay Consulting will embark on an exciting new chapter of growth and expansion of consulting excellence.
More information
For further information, please contact merger@cornerstone.com.au.
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In Summary:
Considerable cultural and strategic synergies that will enable our clients greater opportunity to work together.
