KPMG Widens Sourcing and Shared Services Through Acquisition of Another Consulting Firm
Through its acquisition of consulting firm EquaTerra, KPMG is expanding its global sourcing and shared services advisory offerings across the Americas, Europe and Asia Pacific.
KPMG has previously acquired on August 2010 the other consulting firm Analitica which is involved in business for intelligence and enterprise performance management.
The acquisition, according to a KPMG spokesperson, has enhanced its advisory arm and accelerated the firm’s goal of becoming a major player in Hyperion Planning implementation, a budgeting and forecasting tool.
The acquisition of EquaTerra provides an array of benefits for the clients of KPMG as the consulting firm is considered one of the key players in sourcing advisory, said Timothy Flynn, Chairman, KPMG International.
Last year, the International Association of Outsourcing Professionals has ranked EquaTerra no. 2 in its list of the World’s Best Outsourcing Advisers.
The presence of the consulting firm will help KPMG clients adopt the complex market demands at present, Flynn said.
“EquaTerra” means “level ground,” said KPMG’s press release, aligning with KPMG’s aim to provide objective sourcing and shared services advisory approach.
KPMG said taking over the consulting firm boosts its objective to bring “clients and service providers together in a collaborative environment to create innovative delivery models and provide sustainable value to the business.”
Mark Toon, former Chief Executive Officer of EquaTerra and current KPMG LLP principal, added that the sourcing experience of KPMG and its reputation as one of the Big Four accounting firms complement EquaTerra’s established name in delivering quality shared services and sourcing advisory.
The acquired consulting firm has been providing advisory services in finance and accounting, HR, IT, procurement, among others, throughout clients in the Americas, Europe, Middle East, Africa and Asia Pacific.