As AArete, a global management and technology consulting firm, celebrates its 15th anniversary in 2023, it’s an opportune moment to reflect on the company’s remarkable journey.
AArete has earned its reputation as one of Forbes’s “World’s Best Management Consulting Firms” and has been recognized as one of Consulting Magazine’s “Fastest Growing Firms,” among other accolades.
To gain deeper insights into AArete’s history, accomplishments, and vision, Consulting Magazine recently sat down with AArete’s CEO, Loren Trimble.
Here are some compelling excerpts from the conversation that offers a glimpse into the firm’s evolution and its CEO’s perspective on the industry.
Origins and Growth
AArete was founded in 2008 with a mission to build long-term client partnerships and a commitment to excellence. Loren Trimble, AArete’s CEO, shares, “Excellence is truly in our firm’s DNA.” Starting as a strategic cost-reduction company, AArete has since expanded its focus to offer services in Profitability Improvement, Digital & Technology, and Strategy & Change, solidifying its position in data-intensive industries such as healthcare and financial services.
AArete has stayed ahead of industry changes by investing in data science, analytics, and technology solutions. For example, in healthcare, they’ve introduced AArete Payment Intelligence® to address costly medical claims challenges. In financial services, their innovative solutions optimize customer experiences and data management.
Resilience During COVID
During the pandemic, AArete demonstrated resilience by going remote early, serving clients without disruption, and even assisting with mass vaccination system implementation. Their commitment to culture and client goals remained unwavering.
In 2023 and beyond, clients seek trusted partners who can guarantee results from ideation to execution. AArete’s end-to-end approach sets them apart from others who may focus solely on assessments and strategy.
Consulting Market Outlook
Loren Trimble sees a bright future for the consulting market, with the global market expected to reach over $800 billion by 2031, driven by the need for cost management and business transformation across industries.
Clients across industries are increasingly concerned about data quality and are looking for efficient data management and analytics solutions. AArete helps clients harness the power of data for informed decision-making.
AArete expanded its global presence through strategic acquisitions, including technology-focused acquisitions in India and the UK, and assembled industry liaisons to tailor solutions to unique client needs.
Becoming an employee-owned company (ESOP) in 2018 has fostered a culture of care for AArete team members, emphasizing the value of sustainable solutions and long-term relationships with team members and clients alike.
AArete’s future looks promising, with a commitment to innovation and solutions like Payment Intelligence®, real-time customer experiences, and AI-powered sustainability solutions.
As AArete continues its journey of excellence, the insights from Loren Trimble offer a glimpse into a company that has not only thrived but also paved the way for innovation and transformation in the consulting industry.
For the full interview and to learn more about AArete’s remarkable story, visit the original release, One-on-One with AArete’s Loren Trimble in Consulting Magazine.