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Accounting, tax and advisory agency KPMG LLP has acquired The Arnold Group LLC, a know-how consultancy agency. Monetary phrases of the deal weren’t disclosed.
That is know-how M&A deal quantity 10 that ChannelE2E has coated to this point in 2023. See more than 2,000 technology M&A deals involving MSPs, MSSPs & IT service providers listed here.
KPMG Acquires The Arnold Group
KPMG, based in 1987, is predicated in Toronto, Ontario, Canada. The corporate has 232,153 workers listed on LinkedIn. KPMG’s areas of experience embody advisory, tax and audit.
The Arnold Group is predicated in Seattle, Washington. The corporate has 60 workers listed on LinkedIn. The Arnold Group’s areas of experience embody product technique, monetization and pricing, buyer and associate advertising and marketing, gross sales org/course of design, channel technique and packages, success, service and lifecycle administration.
The acquisition allows KPMG to shortly achieve important mass and scale in increasing their know-how technique consulting, the businesses stated. All Arnold Group crew members joined KPMG when the acquisition closed on January 1, 2023.
Carl Carande, vice chair, advisory, KPMG
Carl Albrecht, co-founder, The Arnold Group
Carl Carande, vice chair, advisory, KPMG, commented on the information:
“Having The Arnold Group be a part of KPMG is straight aligned with our general progress technique and imaginative and prescient for the longer term, an ideal match for the place our agency is headed. We are actually even higher positioned to plan and ship revolutionary and holistic transformation packages for our purchasers via our shared breadth of data and experience in growth-oriented technique, end-to-end commercialization, and efficiency transformation. For each the tech business and people aspiring to develop their tech-oriented enterprise, KPMG can present an built-in crew to assist go-to-market technique, design, and execution uniquely aligned with right now’s C-suite agenda.”
Carl Albrecht, co-founder of The Arnold Group LLC, stated:
“That is an thrilling alternative to scale our enterprise for our individuals, our purchasers, and the markets we serve. Purchasers of each The Arnold Group and KPMG will profit from our collective strengths – extremely certified professionals with distinctive experience, elevated supply capability, and a extra complete transformation providing. We look ahead to persevering with our dedication to service excellence as a part of the KPMG crew.”
Scott Rankin, technique chief, KPMG, added:
“As firms navigate right now’s financial uncertainty, it’s important that they spend money on the fitting strategic progress initiatives, alongside their efficiency enchancment efforts. This acquisition permits us to deliver one of the best of each to our purchasers, leveraging gross sales and channel technique, pricing and packaging, and business programs, to assist them achieve market share and outpace their opponents.”
Accounting and IT Consulting M&A Exercise
Accounting companies proceed to department out from their conventional monetary companies, opting to supply extra know-how consulting, danger mitigation, cybersecurity and managed IT companies to their clientele. ChannelE2E maintains an ongoing list of these deals here.
Lots of these accounting companies are diversifying into the IT companies sector via M&A offers, as Forrester Research Principal Analyst Jay McBain and ChannelE2E have incessantly identified.
Certainly, licensed public accountants (CPAs) are searching for so as to add monetary utility, enterprise automation and danger mitigation experience to their roster of companies. Furthermore, accounting companies have more and more pursued predictable month-to-month recurring income (MRR) that MSPs and cloud service suppliers ship.
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