Management consultancy KPMG has acquired Portugal based IT consultancy Safira in the latest in a series of acquisitions to increase its IT experience.
By submitting your personal information, you agree that TechTarget and its partners may contact you regarding relevant content, products and special offers.
The acquisition, which follows recent take-overs of mobility services company Cynergy Systems and data and analytics specialist Link Analytics, is further evidence of how IT is core to business.Safira is a specialist in services around IBM’s Business Process Management software.
Through the acquisition KPMG gains 180 technology professionals based in Portugal that will be focused on application lifecycles. The acquisition is expected to be completed by early July.
Safia is 17 years old and reported €10.9m sales in its latest financial year. Three quarters of its business came from international markets.
Michael Robinson, head of management consulting at KPMG, said there is a need for technologies which can accelerate business benefits. “That’s why, over the past two years KPMG UK’s BPM Centre of Excellence have created a new patent pending software called BPM-O which Safira have helped to deliver on KPMG’s IBM BPM private cloud platform. It’s a move which means our clients can speed up the processes behind their business, with evidence suggesting they are able to reduce development effort by up to 75%.”
Mark Lewis, head of outsourcing at law firm Berwin Leighton Paisner, said it is not just KPMG that is actively adding IT resources to its business.
“There is a trend of the big accountancy firms acquiring IT and consultancy firms at the moment because they are continuously looking for new revenue sources.”
In 2011 KPMG acquired IT sourcing advisory Equaterra, which increased the companies UK IT advisory business.