This is KPMG’s sixth such deal in the HRM transformation arena in the last four years.
KPMG has entered into an agreement with Towers Watson, to acquire the latter’s human resources service delivery (HRSD) practice.The HRSD practice is known for HR transformation with expertise in HR service delivery. As technology dynamics shifted around the globe, this HRSD practice understood the importance of cloud-based solutions and developed leading-edge technology skills to keep pace. It has supported a substantial number of workday implementations during the past seven years. The practice was also named a Workday Consultant of the Year in 2009 and 2010. Recently it found its way to the Winner’s Circle in the inaugural HfS Blueprint Report: Workday Services.
Through this transaction, KPMG, together with other member firms of KPMG International, will acquire Towers Watson’s HRSD practice resources in the US, UK, China, Hong Kong, Canada, Singapore, and the Philippines.
As part of the acquisition, KPMG will continue to invest in Towers Watson’s HR Service Delivery and Technology Survey, a powerful platform that has helped guide HR leaders on issues and opportunities for the last 18 years.
“Globally, we are making tremendous progress in HR transformation and this is being recognised by clients and analysts alike. This acquisition significantly increases our capacity and ability to serve our global clients in all geographies,” says Mark Spears, KPMG’s global head of People and Change and leader of the Global HR Centre of Excellence.
The acquisition marks KPMG’s sixth transaction in the HR transformation space in the past four years.
In addition to Towers Watson’s HRSD practice, the firm has acquired EquaTerra, Optimum Solutions, The Hackett Group’s Oracle Enterprise Resource Planning practice, Zanett Consulting Solutions, and the Workday practice of Axia Consulting.