Diamond Management & Technology Consultants

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Diamond Management & Technology Consultants
Type Public (NASDAQ: DTPI)
Founded 1994
Headquarters Chicago, Illinois
6 offices in 3 countries
Key people Adam Gutstein, President and CEO
Karl Bupp, Chief Financial Officer
Industry Management and technology consulting
Products Management consulting
IT consulting
Employees more than 600 consultants worldwide
Website www.diamondconsultants.com

Diamond Management & Technology Consultants (often referred to as Diamond) is a management and technology consulting firm based out of Chicago, IL. Diamond also has offices in Hartford, New York, Washington DC, London, and Mumbai. The Company currently has over 600 consultants in their global organization.[1]

Diamond is publicly traded on the Nasdaq Global Markets exchange under the symbol, "DTPI". As of March 31, 2007, annualized net revenue was $169 million.[2]


Contents

[edit] History

Diamond Technology Partners, Inc.
Diamond Technology Partners, a management and technology consulting firm based in Chicago, was co-founded in 1994 by Mel Bergstein, with investment from founding partners and Safeguard Scientifics. The firm went public (NASDAQ: DTPI) in early 1997. By 1999, Diamond employed 306, worked for 85 clients, and generated revenues of roughly $82.4 million.

DiamondCluster International, Inc.
DiamondCluster International was formed on November 28, 2000, when Diamond Technology Partners, Inc. acquired all of the outstanding shares of Cluster Consulting (founded in 1993). Cluster was a pan-European management consulting firm focused on wireless technology, Internet and digital strategies. In March 2001 DiamondCluster employed 1,141 consultants in 12 offices across North America, Europe and Latin America. The company had offices in Barcelona, Boston, Chicago, Dusseldorf, Lisbon, London, Madrid, Munich, New York, Paris, San Francisco and São Paulo.

Diamond Management & Technology Consultants, Inc.
In July 2006, the firm divested certain portions of its international operations including Continental Europe, South America and the Middle East. Re-branded Diamond Management & Technology Consultants, the company serves clients in North America, the U.K. and India. Today, the firm works in consumer packaged goods, public sector/government, healthcare, retail, insurance, high tech, telecommunications and financial services.

[edit] The Diamond Service Model

Diamond was named for its staffing model, which is in the shape of a diamond versus the traditional staffing pyramid. The diamond-shaped staffing model excludes programmers and junior level consultants.

[edit] Practices

Diamond provides consulting services in the following industry practices:

Consumer Packaged Goods
Financial Services
Healthcare
Insurance
Logistics
Manufacturing
Public Sector
Retail & Distribution
Telecom & Hi Tech

[edit] Offices

Diamond currently has offices in following cities:
Chicago
Hartford
London
Mumbai
New York
Washington D.C.

[edit] Competitors

Diamond's major competitors include Booz Allen Hamilton, Mercer Management Consulting, Deloitte Consulting, Accenture, IBM and many more

[edit] Leadership

Diamond's Board of Directors:

  • Ed Anderson - Founder and CEO, Ambrosia Solutions, Inc.
  • Mel Bergstein - Co-Founder and Chairman, Diamond Management & Technology Consultants
  • Don Caldwell - Chairman and CEO, Cross Atlantic Capital Partners
  • Adam Gutstein – President and CEO, Diamond Management & Technology Consultants
  • Alan Kay - President, Viewpoints Research Institute, Inc.
  • Mike Mikolajczyk – Managing Director, Catalyst Capital Management, LLC
  • Javier Rubio - Director, Diamond Management & Technology Consultants
  • Pauline Schneider - Partner, Orrick, Herrington & Sutcliffe
  • Sam Skinner - Retired chairman, president and CEO, USF Corporation
  • John Sviokla - Global Managing Director of Innovation & Research, and Vice Chairman, Diamond Management & Technology Consultants
  • Arnold Weber - President Emeritus, Northwestern University

[edit] Diamond Fellows

Diamond Fellows are faculty to the Diamond Exchange and also help Diamond on its client projects. Current Fellows include:

  • Dan Ariely – Diamond fellow; Principal Investigator, MIT Media Lab eRationality Group; Co-director, MIT Media Lab SIMPLICITY Consortium
  • Vince Barabba – Diamond fellow; Retired General Manager, Corporate Strategy & Knowledge Development General Motors Corporation; Former Director, United States Bureau of the Census
  • John Perry Barlow - Diamond fellow; co-founder, Electronic Frontier Foundation; fellow, Harvard Law School's Berkman Center for Internet and Society
  • Gordon Bell – Diamond Fellow; Principal Researcher, Microsoft; Visiting Professor, Macquarie University's Institute for Innovation
  • Dan Bricklin – Diamond Fellow; President, Software Garden, Inc..
  • Linda Hill - Diamond Fellow; Wallace Brett Donham Professor of Business Administration Harvard Business School
  • Alan Kay – Diamond Fellow; President, Viewpoints Research Institute, Inc.; Fellow, HP Labs, Diamond Board Member
  • Andy Lippman – Co-founder, MIT Media Lab and Diamond Fellow
  • Chunka Mui – Chairman, Diamond Fellows and Partner, Cornerloft Partners, LLC
  • David Reed – Adjunct Professor of Media Arts and Sciences, MIT's Media Lab & Diamond Fellow
  • Marvin Zonis – Diamond fellow; professor, the University of Chicago Graduate School of Business

[edit] Diamond Exchange

Diamond hosts a senior management forum called the DiamondExchange. Membership is by invitation only. The DiamondExchange comprises a number of programs and the perspectives presented at the exchange are grounded in proprietary research and facilitated by some of the Diamond Fellows (see Fellows, above).

[edit] Ratings from Interest Groups

  • The National Association for Business Resources Top 10 Elite Winners of Chicago's Best and Brightest Companies to Work For (2005 (incl. first place for comp and benefits), 2006)
  • Consulting Magazine's Top Ten Firms to Work For (2004, 2005, 2006), no longer on the list in 2007
  • Better Business Bureau of Chicago and Northern Illinois Torch Award for Marketplace Ethics (2003)

[edit] External links

[edit] References

1. Yahoo Finance summary for DTPI
2. DTPI Earnings Report on Business Week
3. DTPI in the Reuters News
4. "A Diamond in the Rough”, Thomas J. DeLong, Catherine Conneely, Harvard Business School Publishing
5. Diamond - Diamond's Official Website
6. DTPI on the SEC Edgar Database - Company SEC Filings

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