The agreement will see both companies work together on consultancy services but remain separate entities.

The two companies said the partnership would offer companies support in creating and delivering new products, services and business models, as well as managing innovation and transformation journeys.

Emergn is a global digital business services firm operating in more than a dozen countries, with its US headquarters in Boston and Europe, Middle East and Africa headquarters in London.

Strategyzer is an innovation and business strategy firm with offices in Canada and Switzerland.

Alex Adamopoulos, chief executive at Emergn, said: “I’m incredibly excited to join forces with Alex Osterwalder and his team, who I respect immensely.

“Together, we’ll allow companies to bridge this commercial gap between innovation and transformation and deliver real change, fast.”

Alex Osterwalder, chief executive at Strategyzer, said: “Together, Strategyzer and Emergn have a unique ability to help businesses reinvent themselves. We have the experience to make innovation and transformation part of their DNA.

“We share the same vision to improve the way people and companies work. The need is clear when I observe mission-critical innovation and digital transformation programs stalling in many organisations. We can’t wait to get started.”