In an effort to boost its business, Stanley Consulting is looking to partner with top companies in the healthcare and retail sectors, including Accenture, Accenture Consulting, SAP, SAP Consulting, Microsoft and others, according to a new blog post.
Stanley, the consulting firm formerly known as Accenture and the home of the Accenture brand, will offer clients a $2,500 discount to a maximum of $5,000 when they call for an assessment of their services through its “Stanley Consulting App,” which is available for Android and iOS, according a post on the company’s website.
Stanleys consulting business is a new addition to the company, which has a long history of working with companies in its space.
It is one of several consulting companies that recently received a $50 million infusion from an investor led by Sequoia Capital and led by billionaire investor Peter Thiel.
Stanicles revenue has been declining over the past several years.
Sales fell by nearly 7% in the fourth quarter of 2018 and by more than 6% in 2018.
Its revenue was down 1.5% in 2019 and by 4.5%, according to the latest earnings report.
The investment group’s goal is to continue investing in healthcare and the retail space and also look at other opportunities in the next five years.
“We believe that the healthcare market will continue to be an important player for us going forward, and our portfolio of healthcare-focused consulting services provides opportunities for us to grow our client base and grow revenue,” CEO Tom Burt said in a statement.
Stan, which was founded in 1997 and focuses on health and consumer insights, is one part of a larger group of healthcare and technology companies that have been buying up startups, acquisitions and acquisitions in the past decade.
The company has seen its revenue decline for several years, but revenue rose slightly in 2018, to $10.9 billion, thanks to a surge in the number of people being treated in its facilities.
Stan’s growth has come at a price, however, as the company has struggled to maintain its lead in the growing healthcare consulting market.
In January, the company announced that its healthcare consulting business, which it has been operating in partnership with the consulting group for the past 20 years, would be shut down after only a few years of operation.
Stan said in its earnings call that the business was a “key driver” of its revenue.
Stan says it will continue working with Accenture through its Stanley Consulting App.