NEW YORK LONDON Feb. 22, 2011 Europe Asia Pacific
Combining KPMG’s practice and EquaTerra, two of the world’s top-ranked global sourcing organizations, the transaction is consistent with the KPMG network’s growth strategy, focusing on organic and inorganic opportunities in select high-demand market sectors. Terms were not disclosed.
As organizations transform their operations to compete in today’s complex business environment, EquaTerra’s highly experienced professionals, combined with the KPMG network’s deep market presence and objective shared services and outsourcing advisory team, will provide clients with a full life-cycle of capabilities – from strategy through to optimization – for companies seeking to reduce costs and improve effectiveness and efficiency.
Timothy P. Flynn
The name "EquaTerra" means "level ground," which aligns well with KPMG’s philosophy of providing an objective sourcing and shared services advisory approach. This is also consistent with KPMG’s focus on bringing clients and service providers together in a collaborative environment to create innovative delivery models and provide sustainable value to the business.
"The company is also led by a management group with extensive sourcing industry experience supported by a deep bench of global leadership talent. These are invaluable attributes crucial to succeeding in this competitive market segment," added Griffith-Jones.
Europe Middle East Africa Asia Pacific
This broad geographic and industry-specific footprint will enhance the ability of KPMG professionals to help companies transform their service delivery models and address change management issues, centralize and optimize capabilities, outsource functions, and create a sustainable governance and performance management model.
EquaTerra sourcing advisers help clients achieve sustainable value in their IT and business processes. Their advisors average more than 20 years of industry experience and have supported more than 2,000 transformation and outsourcing projects across more than 60 countries.
KPMG is a global network of professional firms providing Audit, Tax and Advisory services. We operate in 150 countries and have 138,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
Dan Ginsburg, KPMG LLP (US)
Gavin Houlgate, KPMG LLP (Europe)
+44 20 76943902
SOURCE KPMG LLP