Acquisition positions KPMG as leading provider of business process management solutions
KPMG has agreed to acquire Safira, an independent IT consultancy widely regarded as the world’s leading provider of IBM’s Business Process Management (BPM) solutions. Established 17 years ago, Safira is based in Portugal and recently posted annual revenues of €10.9 million – 75 percent of which came from international markets.
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. Safira brings 180 world-class 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.
By bringing the two firms together KPMG is able to continue its strategy of bringing technology into the heart of business operations, to drive greater value for clients. It follows last month’s acquisition of Cynergy Systems, a leading 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: “Today’s deal is strategically very important. For one thing, the pace of change in business today means that there is a real 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 percent.”
“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.
Mike Petrook, KPMG Press Office
020 7311 5271 (t), 07917 384 576 (m) or firstname.lastname@example.org
Notes to Editors:
* Ed Michaels, Helen Handfield-Jones and Beth Axelrod, The War for Talent (Harvard Business School Press, 2001).
** Survey by AM Azure of the organizations featured in The War for Talent analyzing 100 plus firms to evaluate current corporate performance in 2013.
KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with approximately 11,500 partners and staff. The UK firm recorded a turnover of £1.8 billion in the year ended September 2013. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 155,000 professionals 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.
Auditor independence KPMG complies with the auditor independence rules of the AICPA, SEC, PCAOB and DOL. As a result, certain alliance-based solutions cannot be offered by KPMG to our audit clients. KPMG audit clients should check with their respective lead audit partner for more information.