The WTB/WCB match-up is officially defunct. Today, after formally announcing its acquisition by The Carlyle Group, the global commercial business side of Booz Allen has unveiled its new website. Compared to the site of the U.S. government business, which will be retaining the established Booz Allen Hamilton name, the new site looks a bit like a cross between The Wall Street Journal and Slate on a slow day. Booz & Co is now describing itself as a global management consulting firm, leaving tech-related work to the government side, ahem, separate government business. According to the formal announcement on the Booz Allen Hamilton site today, "Booz & Company is currently a subsidiary of Booz Allen Hamilton and will become a legally independent firm upon completion of the strategic realignment." The deal is expected to formally close in mid- to late 2008, subject to shareholder and regulatory approval.
As Shumeet Banerji, CEO of Booz & Co stated, "The launch of Booz & Company is a significant milestone for our firm. Our purpose is to serve the senior agenda of the world's leading institutions, public and private. We will be recognized for the relevance of our ideas, the practical impact of our contributions, the collaborative spirit of our people, and the intrinsically global nature of our firm. Our singular goal is to assist our clients in creating and delivering essential advantage around the globe."
Initial reactions to the split are positive, with sources describing the separation of the businesses as logical and even long overdue. What's less positive, though, are initial reactions to the logo itself. Check out the Vault Message Boards for more information, as well as further stipulations on life post-split. Catch some reader comments on the Washington Post's blog.
Stay tuned for updates to the Vault site pertaining to the split.
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