Pariveda, a Dallas-based management and technology consulting firm, expects to add another 100 employees to reach a headcount of 900+ by early 2023.
The firm’s CEO Bruce Ballengee told the Dallas Business Journal the company is seeing high demand for its services as companies seek out help in software projects and other needs.
After the pandemic choked off growth in 2020, Pariveda – in alignment with the wider consulting industry – bounced back in 2021 with 3% growth and is projecting a healthy 15% revenue increase in 2022.
The bulk of the firm’s business focuses on building custom software for enterprise clients, but Pariveda has bolstered its management consulting segment in recent months via acquisition. The company bought Denver-based management consultancy Thought Ensemble in December, adding a team of more than 30 professionals with expertise in strategy, operations, and change management consulting.
Pariveda soon after that acquired Sustena, a New York-based marketing consultancy with offerings in brand strategy, creative, and go-to-market. The deal added approximately 15 people.
Inorganic expansion has been fairly limited in Pariveda’s history, with seven deals since its founding 2003. The firm – which has 10 US offices and one Canadian office in Toronto – expects to make more deals in the future.
Ballengee told the Dallas Business Journal, “There are complimentary services that we’d like to add.”
Though demand is booming, Pariveda faces a similar challenge to the wider professional services industry (and many other industries): talent crunch. “So, there’s no real demand shortage,” Ballengee said. “So, what is scarce is people.”
Pariveda’s current service offerings span corporate strategy, operations, M&A, people and change, digital strategy, cloud transformation, customer experience, and emerging technology.
Amid its recent growth, Pariveda opted for a brand refresh to help differentiate it in the technology consulting market.