Wavestone has just announced the acquisition of PEN Partnership, a leading UK-based consultancy.

Founded in 2012, PEN Partnership is a trusted business consulting firm, servicing clients in the Financial Services and Life Sciences industries. The company specializes in:

Customer Experience & Digital

Operations & Automation

Data & Technology

Change Delivery & Capability Consulting

Wavestone and PEN Partnership share a solid commitment to delivering excellence and innovation in their work. The acquisition continues Wavestone’s stance of delivering business transformation to global enterprises.


Serving the Overall Bigger Picture of Wavestone’s Impact Strategic Plan

This move is in line with Wavestone’s Impact plan, which aims to accelerate the firm’s external growth in UK and US.

PEN Partnership’s expertise in two highly competitive industries, coupled with Wavestone’s top-notch technical capabilities, will form an enriched value proposition to help tackle clients’ transformation challenges across geographical markets.

“Wavestone and PEN Partnership together make a powerful combination. The two companies provide complementary services and share very similar corporate culture and values. Wavestone has an ambitious growth plan, and I am very excited for the PEN team to play a key role in building a world-class consultancy,” says Chris Gibson, PEN Partnership’s CEO.

“This merger enhances Wavestone’s ability to deliver global transformation programs. It’s clear from our discussions with PEN Partnership that there are synergies not only in the services provided, but the company culture,” says Reza Maghsoudnia, Strategic Development Director of Wavestone. “There is strong alignment on topics such as CSR, Diversity & Inclusion, as well as Great Place to Work®, and this is a key success factor for our project.”

For more details about the merger, please visit:



Our team is a blend of high-quality talent from all levels who can tackle your most complex issues with a fresh approach. With a globally connected network of 4,000 employees, Wavestone is designed to help you get results. All our consultants thrive on complex challenges, enjoy blazing new trails, and are committed to your organization’s success.

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