What Formula Partners does

Formula Partners is a management consulting firm headquartered in Los Angeles, founded in 2015, with a headcount of 11-50 employees. The firm specializes in the intersection of technology and organizational transformation, and the supporting source material positions its operational profile alongside that of Monks Technology Services — a global technology transformation division of Monks, which sits under S4 Capital plc (publicly listed on the London Stock Exchange). The underlying data indicates that the firm operates as an enterprise-focused B2B consultancy with a vertical coverage strategy spanning Financial Services/Banking/Insurance, Media/Entertainment/Sports/Gaming/Telecom, Retail/CPG/E-Commerce, Manufacturing/Industrial Automation/Logistics, Real Estate/Technology/Public Sector/Education, and Life Sciences/Healthcare.

The firm's technical footprint, as documented in the source data, comprises a portfolio of proprietary AI-powered products — Dev² (AI-powered engineering for accelerated development), LiveVision™ (AI video intelligence for production and broadcast pipelines), Monks.Edge (a Verizon-partnered private 5G edge compute solution), Monks.DRaaS (cloud-based managed disaster recovery), Monks.Flow (AI orchestration suite with autonomous agents for enterprise marketing), and MediaLens (archive monetization for dormant content libraries) — alongside a professional services catalog spanning custom software development, QA and automation testing, cloud and infrastructure, data/AI/automation, security, consulting, and mainframe modernization. AI capabilities span computer vision, generative AI, autonomous agents, RAG, predictive analytics, anomaly detection, recommendation systems, RPA, and optimization.

The business model is enterprise direct sales with consultative engagement. Revenue derives from professional services (project-based technology consulting and custom software development) and managed services (ongoing cloud infrastructure management, security operations, mainframe maintenance). Pricing is quote-based with no public disclosure, consistent with project and retainer engagements against large enterprise buyers. Marketing relies on thought-leadership content (research reports, white papers) and a corporate website; distribution is direct enterprise sales rather than channel-led, though the Verizon partnership on Monks.Edge introduces a co-sell channel for 5G-enabled edge deployments.

Name

Formula Partners

Legal name

Monks Technology Services

Website

https://formula.partners

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Formula Partners is a management consulting firm specializing in technology and organizational transformation, serving enterprise clients across financial services, media, retail, manufacturing, life sciences, and public sectors with proprietary AI products and professional services.

Ownership category

akta.pro rank

Headquarters

HQ city

Los Angeles

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Revenue model

1. Professional Services: Technology consulting and custom software development services billed on project or retainer basis.
2. Managed Services: Ongoing managed services including security operations, cloud infrastructure management, and mainframe software maintenance.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Formula Partners is a management consulting firm that specializes in the intersection of technology and organizational transformation. It provides advisory services to organizations navigating technology-driven change, working at the convergence of business strategy, technology enablement, and organizational redesign.

Product overview

Monks Technology Services operates as a technology transformation and consulting firm offering a portfolio of proprietary AI-powered products combined with expert-led services. The product suite includes Dev² (AI-Powered Engineering), LiveVision™ (AI video intelligence for broadcast pipelines), Monks.Edge (private 5G edge compute), Monks.DRaaS (disaster recovery), Monks.Flow (AI orchestration for marketing), and MediaLens (archive monetization). These products are complemented by professional services spanning custom software development, QA & automation testing, cloud & infrastructure, data/AI & automation, security, consulting, and mainframe modernization.

Differentiator

Problem solved

Functional benefit

Brands

• Monks.Edge: Private 5G-in-a-Box solution for edge compute and real-time video insights
• LiveVision
• Monks.DRaaS
• Monks.Flow
• Dev²

Products and services

• Management Consulting Services

Named customers3 records

Segments6 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability13 records

Feature5 records

Partnerships

One partnership is on record.

• VerizoncoreTechnology or IntegrationMonks.Edge is a private 5G-in-a-box solution developed in partnership with Verizon, enabling real-time video insights at the edge for media and entertainment companies.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Point B: Boutique management and technology consultancy that competes for transformation engagements; similar headcount, culture-led delivery, and client mix.
• Thoughtworks: Global technology consultancy that designs and delivers digital transformation and AI-enabled solutions; overlapping advisory plus delivery model.
• West Monroe: Mid-sized tech-focused management consultancy with deep technology-transformation practices across industries, similar in scale and delivery model to Formula Partners.
• Credera: Technology and management consulting firm offering strategy, AI, and digital transformation services; closely comparable in target offerings and client profile.
• Slalom: US-headquartered, mid-sized technology and organizational transformation consultancy with a similar boutique-to-mid-tier positioning focused on business strategy, technology, and AI advisory for enterprise clients.

Broad incumbents

• Accenture: Largest global professional services firm with extensive technology-transformation and management consulting practices; competes for the same enterprise RFPs from a position of far greater scale.
• Deloitte Consulting: Big Four consulting arm with deep human-capital and technology-transformation practices; serves the same enterprise transformation buyer but with materially larger bench and brand.
• IBM Consulting: Global enterprise consulting arm focused on hybrid cloud, AI, and business transformation; competes for technology and organizational transformation mandates as part of a much broader portfolio.
• Booz Allen Hamilton: Established management and technology consultancy with significant transformation practice; comparable expertise but broader service portfolio and federal-focus overlay.
• Infosys Consulting: Global consulting arm of a major IT services firm with active enterprise transformation practice; competes for technology-transformation engagements with significantly broader delivery capability.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks4 records

Key highlights4 records

Customer concentration

• Xx.com/formulapartners

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Formula Partners