The deal has resulted in a new global business unit, IBM Business Consulting Services, which comprises more than 30,000 IBM and 30,000 transferring PwC consulting staff. The division becomes the world’s largest consulting services organisation.
Although IBM expects to have to make some redundancies from the acquisition it still means that IBM services arm will be larger than its computer hardware division.
The deal has received all regulatory clearances in the US and European Union. The $3.5bn will be paid to PwC in cash and stock.
A new head of solutions, Aidan Brennan, has been appointed at KPMG UK
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast