This DC-based economic consulting company is launching a data analytics firm

D.C.-based Edgeworth Economics announced that it’s launching a separate data analytics company.

Founded in 2009, Edgeworth Economics is an economic and quantitative consulting firm that provides analysis for clients facing litigation or regulatory challenges. The firm has a portfolio of expert economists on its team.

The new sister company, Edgeworth Analytics, will provide business operations pros with training and consulting on data analysis concepts. At the new company, Edgewood experts will teach business operations professionals “methods for gathering, organizing, analyzing, and applying data,” per a press release.

“Data is vital,” said Edgewood founder and CEO Dr. John Johnson in a statement. “Efficient, effective, accurate analysis of data is more critical than ever for running an organization and ensuring its key functions are nimble, responsive, and contributing to the greatest possible return on investment.”

Bill Ford, Edgeworth’s director of strategy, will oversee the day-to-day operations at the new analytics firm. Ford brings his portfolio of experience in product development and financial consulting to his new leadership role. According to his LinkedIn profile, he first began as a project manager at Edgewood in July 2015 and departed the company a year later to work at Cambridge Associates. He’s been back at Edgewood and working in his director role since March.

Edgeworth Economics has nearly 80 employees listed on its site, 50 of which are junior economists who focus on providing the company’s clients with economic and quantitative analysis.

Edgewood Economics was founded 10 years ago “during the fallout from the global financial crisis,” per its website. The company was named after political economist Francis Edgeworth, the mastermind behind the pareto optimality trade model, which Investopia defines as “an economic state where resources cannot be reallocated to make one individual better off without making at least one individual worse off.”