Consultancy RGP Makes Digital Play
by Orange County Business Journal
Resources Connection Inc. didn’t wait long to back up Chief Executive Kate Duchene’s mid-July stated corporate goal of becoming more digitally focused; it just made a major investment in that specific sector.
The Irvine-based business consulting firm (Nasdaq: RECN), which offers a variety of finance, business strategy, IT, and risk and compliance services to its corporate clients, recently acquired Veracity Consulting Group LLC, a tech-focused Virginia-based firm geared toward Fortune 500 and healthcare companies.
The deal is for $30.6 million in cash, plus potential additional payments based on longer-term performance.
It’s the largest purchase in over a year for Resources Connection, which operates under the Resources Global Professionals or RGP name.