US - Actuaries Buck Consultants - a subsidiary of Mellon Financial Corporation - has acquired iQuantic, a San Francisco-based compensation and human resources consulting firm.
The terms of the transaction were not disclosed.
Founded in 1993, iQuantic has 70 employees and offices in Boston, Chicago, Denver, Kansas City and Pittsburgh. The firm has an annual revenue of about $15m and will now be known as iQuantic Buck.
IQuantic’s services are particularly relevant to human resources strategies in organisation performance; compensation and rewards program design; and communication implementation strategies, said Mellon.
Commenting on the acquisition, Joseph LoCicero, Buck chairman and chief executive officer said: “With its consulting expertise in equity-based pay programs, iQuantic further expands the compensation services we can offer our clients. By Madhu Kalia
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