Financial Technology

Financial Technology

February 23, 2011

KPMG Acquires EquaTerra For Enhancing Global Outsourcing Advisory Services

KPMG LLP (US), KPMG Holdings Limited (UK) and KPMG International have jointly announced the closing of the contract for the business acquisition of the advisory firm EquaTerra, for providing the most widespread global sourcing advisory offerings across Asia Pacific, Europe and the Americas.

In a release, Timothy P. Flynn, chairman of KPMG International, said that “EquaTerra (News - Alert) is an ideal fit for KPMG and we look forward to welcoming the EquaTerra team to the KPMG network family. Through this acquisition, clients of KPMG member firms will benefit from the addition of a market-leading sourcing adviser to help them transform their organizations into more flexible enterprises in a way that meets today's complex market demands.”

The new joint partnership integrating the two premier global sourcing organizations in the world complements the expansion tactic followed by KPMG network in streamlining the business focus towards organic as well as inorganic opportunities in certain preferred market sectors. The professional expertise of EquaTerra when integrated with the deep market presence and objective shared services and outsourcing advisory team of KPMG network would provide its clients with a full-cycle of capabilities at reduced costs and enhanced efficiency as well as effectiveness.

In a release, Mark Toon, former CEO of EquaTerra and current KPMG LLP principal said that “Joining a network with KPMG's capabilities and global scope provides great opportunities for our employees and clients. KPMG's extensive sourcing experience, its Big Four market presence and its reputation for relentless execution is an ideal complement for EquaTerra's business transformation capabilities and highly respected reputation in the shared services and sourcing advisory sector.”

EquaTerra provides services in the realm of finance and accounting, IT, procurement, HR and such other key business processes has a worldwide network of clients spanning over Asia Pacific, the Americas, Africa, Europe and the Middle East. The extensive industry-specific and geographic traces of EquaTerra will assist KPMG professionals in enhancing the transformation of their service delivery models by facilitating the resolution of change management problem issues, outsourcing functions, capability centralization and streamlining and the development of a reliable governance and performance management model.

Calvin Azuri is a contributing editor for TMCnet. To read more of Calvin’s articles, please visit his columnist page.

Edited by Jennifer Russell

blog comments powered by Disqus