KPMG Buys Off Business Intelligence Group
KPMG has managed to buy off Analitica, a consultancy which is involved in business for intelligence and enterprise performance management. With this buy out, KPMG aims at consolidating its business and grow further.
KPMG spokespersons reportedly said that with this acquisition, the firm has significantly enhanced its advisory arm and accelerated the firm’s goal of becoming a major player in Hyperion Planning implementation, which is a budgeting and forecasting tool.
Hyperion Planning is KPMG’s biggest tool, along with the business intelligence it possesses.
Scott Parker, who is UK head of KPMG performance and technology, has reportedly said that for KPMG P&T, the focus is on constant growth. It is with the bid of growing that KPMG has hired more than one thousand people in the past 5 years and expanded its team force.
KPMG’s expanding range of advisory services has one important element, which is business intelligence. The reason for this, as it seems to be, is because, KPMG helps its clients, who are both in the private and public sector, run their businesses effectively in challenging times. It is during the recession that the firm has shown a substantial growth in the number of clients, reports suggest.