Deloitte has confirmed its intention to acquire the technology consultancy Keytree, in a bid to bolster its digital transformation services.
Keytree, which currently employs 400 people, provides digital transformation services including data analytics, cloud and robotic technologies and a suite of products and managed services.
According to Deloitte, a merger will create the UK’s largest SAP-enabled transformation practice and allow Deloitte to “significantly grow” its capacity to support clients worldwide. In addition, Keytree would be able to extend its reach to work across the firm’s global network.
The acquisition will also bolster Deloitte’s implementations of SAP S/4HANA, SAP Customer Experience, SAP SuccessFactors and SAP Cloud Platform, supporting customers through key digital transformation strategies.
Richard Houston, senior partner and CEO of Deloitte UK, said: “The UK has played host to many of the world’s most significant technology advancements, bringing huge benefits to the country’s economy and the skills of its workforce.
“We believe that beyond COVID-19, investment in technology will be a critical catalyst for the recovery of UK businesses. Being digitally-connected has never been more important.”
He added: “Organisations of every size need to find new ways to thrive post COVID-19 and digital transformation programmes will be right at the heart of this.
“Bringing together our scale and Keytree’s expertise and entrepreneurial spirit will help our clients to ensure these critical programmes support their long-term success. We’re looking forward to welcoming the Keytree team into our firm once the deal completes.”
Keytree’s chief executive officer, Dan McNamara, managing director, Tim Kyle, and wider workforce will integrate into the firm’s consulting practice.
McNamara said: “The skills, size and scale of our team has grown quickly over the past 14 years.
“Combining our business and people with the brilliant team at Deloitte and fusing the firm’s rigorous technology and data expertise with our own will ensure that we are able to operate and innovate at an even larger global scale and be in the best position possible to support our clients when they need us most.”
Rob Cullen, partner and leader of Deloitte’s enterprise technology practice, added: “Bringing together Keytree’s market leading capabilities in SAP digital design and innovation with our own will give clients an unrivalled breadth and depth of expertise as they transform the functions at the heart of their businesses.
“This will significantly boost the ways that we can transform our clients’ digital core operations and the experience of their customers and employees as they continue to adapt to new ways of working.”
Sourced from Accountancy Today - written by Heather Sandlin