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KPMG acquires IT consultancy Safira

KPMG has agreed to acquire Safira, an independent IT consultancy that provides IBM’s business process management (BPM) solutions.

The acquisition of Safira enables KPMG to offer a full business transformation service to its clients, from strategy development through to implementation of technology and business change, the firms said.

Established 17 years ago, Safira is based in Portugal and recently posted annual revenues of €10.9m (£8.9m) – 75% of which came from international markets.

Safira brings 180 technology professionals specialising in application strategy, design, development and post-production support. They will be based in Portugal, but working in tandem with the UK and US firms on client engagements.

The deal follows last month’s acquisition of Cynergy Systems, a mobility services business company in the US and the expansion of the firm’s data and analytics capability through the acquisition of Link Analytics.

Commenting on the transaction, Michael Robinson, partner, head of management consulting at KPMG, said: “The pace of change in business today means that there is a real need for technologies which can accelerate business benefits.

“With our combined skills and experience, KPMG will now become one of the top BPM services providers globally, with the ability to deploy deep subject matter expertise and technology implementation capability that delivers genuine business outcomes.”

The deal is expected to be completed by early July.

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  • Safira annual revenues of £6.7m globally (outside the 25% in Portugal) doesn’t really sound like a game-changing BPM capability for a consultancy the size of KPMG. And once the employment costs for 180 staff are considered there’s either little margin or some quite low paid people in Safira…