KPMG Australia has signed a deal to acquire Australia-based Chartertech to expand its technology and financial advisory capabilities.
The acquisition is set to bring in specialist technology and accounting staff to KPMG’s mid-market business, KPMG Enterprise.
It will also introduce new technology capabilities, including IBM TM1 Planning Analytics.
Technology and financial solutions firm, Chartertech, is engaged in providing financial advisory, software, and technology solutions.
Chartertech also offers advanced financial analytics and forecasting services using IBM TM1 and Cognos platforms.
The acquisition will see Chartertech’s co-founding directors George Skillin and Michael McRoberts join KPMG as partners.
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By GlobalDataThey will bring with them a team of 140 members spread across five national offices.
KPMG Enterprise national managing partner Naomi Mitchell said: “George and Michael and their 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.”
The integration of the Chartertech team will take place within KPMG Enterprise’s technology and financial advisory practice.
Subject to fulfilment of certain conditions, the deal is expected to be finalised in November 2024.
While the financial details of the acquisition have not been disclosed, this development is part of KPMG Australia’s ongoing strategy to enhance its technology enablement services.
KPMG Australia CEO Andrew Yates said: “Chartertech is such a highly innovative and forward-thinking business, and we’re incredibly proud to be welcoming the team to our firm. This is a significant investment in our Enterprise business – which is focused on advising emerging, private, family, government, and mid-market organisations.
“Together, we’ll have greater capacity to serve our clients and we will become one of the leading TechnologyOne teams in the country.”
KPMG Australia previously acquired several other technology companies, including Oracle integration firm Certus APAC, SAP consultants Think180, and intelligent automation and software integration firm Rubicon Red.
