KPMG acquires EquaTerra to create global sourcing & shared services advisory

Consultancy firm KPMG has closed an agreement to acquire the business of outsourcing firm EquaTerra, creating what KPMG claim would be one of the broadest global sourcing and shared services advisory offerings across Asia Pacific, Europe and the Americas.

KPMG said EquaTerra’s professionals combined with the KPMG global outsourcing advisory team will provide a full life-cycle of capabilities – from strategy through to optimisation – for companies seeking to reduce costs and improve effectiveness and efficiency through outsourcing.

"EquaTerra is an ideal fit for KPMG and we look forward to welcoming the EquaTerra team to the KPMG network family," said Timothy P Flynn, US based chairman of KPMG International.

EquaTerra is ranked No. 2 on the International Association of Outsourcing Professionals' recent 2010 list of the World's Best Outsourcing Advisers. It serves clients throughout the Americas, Europe, Middle East, Africa and Asia Pacific, providing functional knowledge in finance and accounting, HR, IT, procurement and other business processes.

KPMG said this broad geographic and industry-specific footprint will beef up the ability of its consultants 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.

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