History
Monitor Group was founded in 1983 by six entrepreneurs with ties to Harvard Business School, including Michael Porter, Mark Fuller, and Joseph Fuller.
In 2008, the Corporation for National and Community Service honored Monitor for outstanding pro bono service for its 10-year partnership with and providing consulting resources for New Profit Inc., a national venture philanthropy fund, as well as its consulting work through Monitor Institute. More than 250 Monitor Group consultants have participated in projects supporting New Profit and its portfolio organizations.
Monitor was hit by the 2008 economic crisis. In September 2008 the company laid off nearly 20% of its workforce and closed several small offices. According to co-founder Joe Fuller, 2008 revenue was up on the previous year, but he stated that Monitor continued to anticipate "a demanding and tough market in the short term". Monitor also operated a research captive called Grail Research which was sold to Integreon in 2010, which is a member company of the Ayala Corporation
On November 7, 2012, Monitor's US subsidiary filed for Chapter 11 bankruptcy, and it was announced that Deloitte had agreed to acquire Monitor Group. The company was officially bought out by Deloitte on January 11, 2013. "The new combined practices will operate under the Monitor Deloitte brand, resulting in a new global presence in strategy consulting", according to the Monitor website in February 2013.
Read more about this topic: Monitor Group
Famous quotes containing the word history:
“The steps toward the emancipation of women are first intellectual, then industrial, lastly legal and political. Great strides in the first two of these stages already have been made of millions of women who do not yet perceive that it is surely carrying them towards the last.”
—Ellen Battelle Dietrick, U.S. suffragist. As quoted in History of Woman Suffrage, vol. 4, ch. 13, by Susan B. Anthony and Ida Husted Harper (1902)
“Social history might be defined negatively as the history of a people with the politics left out.”
—G.M. (George Macaulay)
“To a surprising extent the war-lords in shining armour, the apostles of the martial virtues, tend not to die fighting when the time comes. History is full of ignominious getaways by the great and famous.”
—George Orwell (1903–1950)