KPMG set to acquire tech specialist Chartertech
The big four company has revealed it has agreed to acquire national technology and financial solutions firm Chartertech.
KPMG Australia is on track to acquire Chartertech with 140 specialist technology and accounting staff to join the company’s mid-market business, KPMG Enterprise.
The acquisition will expand the team and enable new technological capabilities such as IBM TM1 Planning Analytics.
The deal is set to be completed in November, subject to satisfaction of conditions.
KPMG Australia CEO Andrew Yates said the company is incredibly proud to welcome a highly innovative and forward-thinking business to the team.
“This is a significant investment in our Enterprise business which is focused on advising emerging private, family, government and mid-market organisations,” Yates said.
“Together, we’ll have greater capacity to serve our clients and we will become one of the leading TechnologyOne teams in the country.”
Chartertech is a consulting firm specialising in financial advisory, software and technology solutions which aim to help clients build better finance capability.
Chartertech has one of Australia’s top TechnologyOne practices and offers specialist financial analytics and forecasting capabilities based on the IBM TM1 and Cognos platforms.
George Skillin and Michael McRoberts, Chartertech co-founding directors, are set to join KPMG as partners and bring their 140 team members across five Australian offices.
Skillin said this is a monumental chapter for the tech company.
“We began with just seven staff in 2017 and following a period of rapid growth, we are excited to be entering our next phase as part of a global professional services firm.”
“KPMG is the perfect match for us- with our joint ‘people first’ approach clinching it for us.”
“Being part of something values-aligned and bigger will enable us to better support our staff with a new generation of career opportunities and better serve our clients through expanding services.”
KPMG said this announcement reflects the firm’s strategic expansion into technology enablement and development.
KPMG recently acquired Oracle integration firm Certus APAC, SAP consultants Think 180, intelligent automation and software integration firm Rubicon Red, and Fiji-based Microsoft specialist Acton.
KPMG Enterprise national managing partner Naomi Mitchell said the Chartertech team are “trailblazers” in finance technology and enterprise planning and forecasting.
“Their business has a national reach and strong relationships with education, private and public sector clients,” Mitchell said.
“Tech transformation is the number one area of demand for mid-market clients and it’s incredibly hard to access this talent.”
“Coming together in this way makes great sense for both organisations and we very much look forward to working together to build an exciting future.”
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