KPMG Fiji has entered into an agreement to acquire the business of Fiji-based digital transformation provider, Acton, in a deal enabling the improved and broader delivery of Microsoft solutions to KPMG’s mid-market clients across the South Pacific.
Established in 2017 and headquartered in Fiji, Acton is a market-leader in cloud technology solutions, specialising in Microsoft business applications including Dynamics 365 and Financials for Office 365. The business is focused on helping its clients drive efficiency, reduce costs and optimally link people, data and processes across their organisations.
Commenting on the acquisition today, KPMG Australia CEO, Andrew Yates said: “We are pleased to welcome the Acton team to our growing KPMG Enterprise mid-market business. Their expertise provides our clients across the South Pacific and Australia with improved access to a broader suite of technology solutions. And it enables us to provide these solutions to clients at scale, and more cost-effectively.”
Acton is a digital enterprise solutions leader, with its founders recognised by Forbes 2020 ‘30 under 30’ in the Enterprise Technology category.
Shobha Reddy, Acton Managing Director, together with fellow directors and co-founders Sanjesh Kumar and Mukesh Lodhia, are excited that KPMG is to acquire the business and looking forward to supporting future growth.
Ms Reddy said: “Acton has a strong track record in the Fiji marketplace and extensive experience working with both SMEs and leading brands like KPMG. We are looking forward to being part of the firm and to being able to deliver integrated Microsoft solutions that support client growth strategies.”
Ms Reddy, Mr Kumar and Mr Lodhia will join KPMG as Directors. They will become part of KPMG’s fast growing Fiji business which has offices in Suva and Nadi and strong links to the broader South Pacific and Asia Pacific regions.
Fiji-based Michael Yee Joy, Partner in Charge KPMG’s South Pacific Practice said: “Being able to offer an extensive suite of Microsoft products together with the implementation outcomes mid-market businesses need will greatly benefit our clients. It will help them improve and transform their finance and related functions and ultimately deliver enhanced efficiencies through utilising such products as the Microsoft Business Central solution.”
He said acquiring Acton is an exciting step for KPMG and would enable successful technology transformation for clients in response to a rapidly digitising world.
Subject to completion of the acquisition, Acton is expected to join KPMG Fiji by 31 March 2023, at which time the business will be integrated into the Suva office of KPMG.
Financial terms were not disclosed.
For further information
Marjorie Johnston
+61 407 329 430
mjohnston4@kpmg.com.au