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The Boston Consulting Group Launches BCG Digital Ventures, a Digital Innovation, Product Development, and Commercialization Firm

First-of-Its-Kind Firm Brings Unique Capabilities to Create and Grow Disruptive Digital Products and Platforms

MANHATTAN BEACH, CA -- (Marketwired) -- 01/15/14 -- The Boston Consulting Group (BCG), one of the world's leading management consultancies, announced today the launch of BCG Digital Ventures, a digital innovation, product development, and commercialization firm.

BCG Digital Ventures goes beyond providing consulting, design, and technology services to form strategic venture teams with its clients in order to rapidly develop, launch, and grow transformational digital products, platforms, and businesses.

The new firm is a wholly owned business unit headquartered in Manhattan Beach, CA, with initial offices in San Francisco, Seattle, Boston, and London. With the wealth of BCG's digital assets and resources from around the world at its disposal, BCG Digital Ventures will combine hundreds of experienced practitioners and leverage BCG's substantial intellectual property.

To run this new business unit, BCG has hired a number of seasoned operators, entrepreneurs, and advisors. Jeff Schumacher, former managing director and cofounder of Booz Digital, has been named CEO. He has over 20 years of experience as an entrepreneur, operator, and advisor. This world-class, multidisciplinary group of professionals combines decades of experience with leading digital innovators and disrupters to offer distinctive capabilities in product management, human-centered design, technology, and operations.

"I'm thrilled to have Jeff lead this new business," said Rich Lesser, president and CEO of BCG. "In today's fast-changing environment, harnessing the power of digital technology is critical not only to stay competitive but to change the game. Building on our own digital experience and expertise, BCG Digital Ventures' first-of-its-kind offering will enable executives and boards at BCG's clients to accelerate innovation, disrupt markets, transform their businesses, and significantly increase shareholder value."

"BCG Digital Ventures will strategically partner with the world's leading companies to create and grow disruptive digital platforms," said Schumacher. "Digital is upsetting established business models every day. Our unique combination of capabilities and access to IP enables our clients to achieve exponential digital growth and outsized returns."

To learn more about BCG Digital Ventures, please visit www.bcgdv.com.

To arrange a media interview with one of its experts, please contact Eric Gregoire at +1 617 850-3783 or [email protected].

About The Boston Consulting Group
The Boston Consulting Group (BCG) is a global management consulting firm and the world's leading advisor on business strategy. We partner with clients from the private, public, and not-for-profit sectors in all regions to identify their highest-value opportunities, address their most critical challenges, and transform their enterprises. Our customized approach combines deep insight into the dynamics of companies and markets with close collaboration at all levels of the client organization. This ensures that our clients achieve sustainable competitive advantage, build more capable organizations, and secure lasting results. Founded in 1963, BCG is a private company with 81 offices in 45 countries. For more information, please visit bcg.com.

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