By broadening KPMG’s advisory capabilities, the deal will enable KPMG to better support its clients, at both Board and CIO level.
Xantus has offices in Cheshire and London, and recorded income of £16 million in 2010/11. It works with a wide range of clients, including many FTSE 100 and equivalent organisations in the UK and overseas, across the private and public sector.
Commenting on the deal, Bryan Cruickshank, Head of IT Advisory in KPMG’s Management Consulting practice, said:
“We are delighted to announce this deal. Our focus is on continually improving the quality and breadth of consulting advice that we can bring to our clients, and this acquisition will help us achieve that goal. Xantus is a leading player with top class credentials and an impressive client portfolio. We believe there is a great fit between KPMG and Xantus in terms of calibre of people and of clients, and a sense of shared values. Together, we can bring our clients insights that genuinely help them achieve their goals.”
Steve Watmough, CEO of Xantus, said:
“We are very excited to be joining KPMG. It is a great development for the company, our staff and our clients. This deal represents a significant opportunity to accelerate the delivery of what has always been the Xantus vision - to become the leading advisor to the CIO community. Combining Xantus’ track record with KPMG’s global brand, reputation and scale offers a very powerful proposition. ”
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For further information contact:
Mark Hamilton, KPMG Corporate Communications 020 7694 2687
Catherine Sanders, Marketing Manager, Xantus 07740 907790
About KPMG:
KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with nearly 11,000 partners and staff. The UK firm recorded a turnover of £1.6 billion in the year ended September 2010. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 150 countries and have more than 138,000 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. KPMG International provides no client services.
About Xantus:
Xantus is an independent management consultancy, specialising in IT-enabled business change - we focus on changing business through IT and making IT run more effectively.
Xantus’ services are tailored to address the complex challenges faced by today’s organisations. We provide client-side support throughout strategic and operational change including IT due diligence, market assessment, IT strategies and sourcing solutions, operating model design and expert programme delivery.
Xantus’ experience is gained through working with leading UK and global enterprises across the public and private sector.
