KPMG Australia has agreed to acquire national technology and financial solutions firm Chartertech Pty Ltd. Around 140 specialist technology and accounting staff will join the firm’s mid-market business, KPMG Enterprise, expanding team size and bringing new technology capability including IBM TM1 Planning Analytics.
Announcing the deal today, 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.”
Chartertech is a consulting firm specialising in financial advisory, software and technology solutions which helps its clients build better finance capability. It has one of Australia’s top TechnologyOne practices, and also offers specialist financial analytics and forecasting capabilities based on the IBM TM1 and Cognos platforms.
Chartertech co-founding directors George Skillin and Michael McRoberts will join KPMG as partners, bringing with them 140 team members across five offices nationally.
George Skillin said: “We began with just seven staff in 2017 and following a period of rapid growth, we are excited to be entering our next phase as part of a global professional services firm. KPMG is the perfect match for us – with our joint ‘people first’ approach clinching it for us. Being part of something values-aligned and bigger will enable us to better support our staff with a new generation of career opportunities, and better serve our clients through expanding services.”
Naomi Mitchell, National Managing Partner of KPMG Enterprise added: “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. Tech transformation is the number one area of demand for mid-market clients and it’s incredibly hard to access this talent. Coming together in this way makes great sense for both organisations. We very much look forward to working together to build an exciting future.”
Today's announcement builds upon KPMG Australia’s strategic expansion into technology enablement. Past acquisitions include Oracle integration firm Certus APAC, SAP consultants Think180, intelligent automation and software integration firm Rubicon Red, and Fiji-based Microsoft specialist firm Acton.
The Chartertech team will merge with KPMG’s Enterprise’s technology and financial advisory practice. The deal is slated to complete in November, subject to satisfaction of conditions.
Commercial terms were not disclosed.
For further information
Hayden Jewell
+61 423 868 454
hjewell@kpmg.com.au
Kristin Silva
+61 411 110 953
ksilva@kpmg.com.au