In August this blog revealed that KPMG was in the process of buying sourcing advisory Equaterra. It has taken another six months for an announcement, but today KPMG told the world about the acquisition.
This is what KPMG had to say: "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."
This acquisition reflects what is happening in the wider IT sector, with big-name suppliers buying up a lot of small or medium-sized firms.
Only last month the parent company of sourcing consultancy TPI, Information Services Group, took control of IT consultancy Compass.
Who will be next?