New Mountain Capital, a growth-oriented investment firm, has invested in Bounteous, an insights-driven digital experience consultancy.
The Bounteous management team will remain in their roles, with CEO Keith Schwartz and co-founder Phil Hollyer serving on the board of directors.
“New Mountain is the ideal partner for our next phase of strategic growth,” said Schwartz. “Our new partnership will enable the Bounteous team to pursue our vision to become the preeminent, independent digital consultancy globally, and enhance our award-winning culture that is attracting the best talent in the industry. Our continued focus on talent and innovation will pay great benefits to our clients and team.”
Prasad Chintamaneni, managing director at New Mountain, said, “With its unmatched expertise and Co-Innovation offering, Bounteous has established itself as a thought leader and key digital transformation partner to some of the world’s most respected brands. The rising importance and increasing complexity of digital experiences and commerce ecosystems put Bounteous in a unique position to take advantage of increasing demand and new opportunities. Bounteous is a compelling addition to the growing portfolio of New Mountain’s digital transformation investments.”
“Bounteous has an outstanding track record as a trusted partner to global brands, optimizing digital experiences that drive real value,” added Brian Murphy, director at New Mountain. “We are excited to partner with Keith and his team to support Bounteous in its next chapter of growth and build on their strengths and capabilities even further.”
Canaccord Genuity acted as exclusive investment banking advisor to Bounteous in this transaction.