KPMG Acquires Business and Technology Consulting Firm

New York-based KPMG LLP (FY13 gross revenue of $6.1 billion) has acquired Cincinnati-based Zanett Commercial Solutions, a leading business and technology consulting firm. This transaction broadens the depth of KPMG’s technology-enablement solutions that help clients improve performance, maximize revenue and manage risk as they transform their business.ff3e4feefdb273b93e4f0af1f02c0e42[1]

“Across the marketplace, our clients are looking to enhance their performance with enterprise technology, gain deeper insights from their data and improve engagement with key stakeholders,” says John Veihmeyer, global chairman of KPMG and CEO of KPMG in the U.S. “The acquisition of Zanett furthers our mission to be the market leader in serving as a strategic advisor for clients looking to drive sustainable value across their enterprise.”

Zanett provides innovative technology solutions with a business-first approach that enables clients to achieve their business strategy with existing and emerging technologies. This acquisition enhances KPMG’s enterprise technology skills, often an anchor of business transformation solutions that also include operating model design, digital and mobile strategy, financial impact assessment, organizational design, change management, business intelligence and analytics, tax implications, regulatory readiness, privacy and security and risk management.

Founded in 1992, Zanett Commercial Solutions is headquartered in Cincinnati, with offices in Jacksonville, Fla., and Indianapolis. Vince Vickers, president of Zanett, says his organization shares KPMG’s philosophy of empowering organizations through technology. “We are confident that clients will benefit from our combined strengths when utilizing technology as a catalyst to make impactful change across their enterprise,” says Vickers. “Our clients face increased regulatory pressure and market dynamics that force them to rethink aspects of their business. Joining KPMG will add greater depth and enhanced solutions to our clients in the heavily regulated industries.”

The transaction closed on Friday, June 20.  Financial terms of the agreement will not be disclosed.