Over the last two years, our go-forward strategy has streamlined our organization, empowering employees closest to our clients to make important decisions. In addition, we have modernized our enterprise financial systems to improve business insights and aligned our corporate functions to deliver seamless support to markets and service lines. All of which means we can now handle bigger challenges, win more opportunities, apply our resources more efficiently and attract new talent.
Structured to Succeed
With a structure built to better serve our clients, we have streamlined program execution and improved our ability to quickly marshal the right personnel to respond to client requests. Is it working? By empowering our service lines to develop next-generation solutions and consolidating client-focused delivery in market teams, we have reduced indirect costs while growing revenue by 34% since FY17. The cost efficiencies recognized by these actions enable our continued investment in research, technology and talent.
Our organization model also fosters greater collaboration between new, client-facing, business and technology organizations. This has led to over $200 million in new awards.
Investing in What's Next
In a competitive market like ours, it’s essential to continue investing in innovation and in people. And that’s exactly what we are doing with an ongoing investment in organic growth and a disciplined approach to current and future business development.
Through our focused investment strategy and streamlined business approach, we increased our investment in research and development, innovation and outreach by 85% in FY19. And we continue to invest in new research, innovation and service offerings to help our customers make better decisions and solve more of their most complex problems.
Fact is, we never stop looking for opportunities to acquire new technologies and capabilities. In February, we acquired and successfully integrated The Tauri Group, an expert in weapons of mass destruction mitigation and other homeland security subjects. The expanded capabilities afforded by this acquisition have created—and will continue to create—more meaningful work and more opportunities for our employees. In all, we have added over $800 million of net new business development opportunities to our pipeline as a result of our combined capabilities.