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The company was officially bought out by Deloitte on January 11, 2013. 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. 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 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". The company laid off nearly 20% of its workforce and closed several small offices. Monitor was hit by the 2008 economic crisis. More than 250 Monitor Group consultants have participated in projects supporting New Profit and its portfolio organizations.
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#DELOITTE BRAND GUIDELINES PDF PRO#
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. Monitor Group was founded in 1983 by six entrepreneurs with ties to Harvard Business School, including Michael Porter, Mark B.
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Today, Monitor Deloitte is a market-facing Strategy and Business Design consulting practice. From 2005 to 2011, Monitor controversially provided services to Muammar Gaddafi's regime in Libya. The advisory services now offered by Monitor Deloitte are in line with Monitor Group's legacy expertise, but expanded to a broader set of implementation and capabilities design focused on greater resilience to economic uncertainty. Monitor Group was founded in 1983 by six entrepreneurs with ties to the Harvard Business School, including Michael Porter. Prior to its acquisition by Deloitte in January 2013, Monitor Deloitte was an American strategy consulting practice known as Monitor Group, which filed for chapter 11 bankruptcy in 2012. It helps its clients address a variety of management areas, including: Organic Growth, Strategic Transformation, Innovation and Ventures, Business Design and Configuration, Strategic Sensing and Insight Services. Monitor Deloitte specializes in providing strategy consultation services to the senior management of major organizations and governments. Monitor Deloitte is the multinational strategy consulting practice of Deloitte Consulting.