The American practice of KPMG has bought the Workday Consulting Practice from AXIA Consulting, a US-based counterpart in the consulting industry. Financial terms of the agreement have not been disclosed.
AXIA Consulting provides technology and business consulting services to both large corporations and middle-market organisations. It's services include enterprise package assessments, implementation and project management. Founded in 2005, the consulting firm currently employs roughly 50 employees across five offices in the United States.
In line with KPMG’s ambition to boost its Workday capabilities, a cloud-based software solution in the area of human capital and financial management, the Big Four firm has decided to acquire the Workday practice of AXIA Consulting. "We are very pleased to welcome AXIA's Workday consulting team members to the KPMG family. Their team has quickly become a 'go-to' partner for payroll, data conversion and integrations with Workday services, and we are looking forward to leveraging their expertise as we continue to bolster our strong position in the important Finance and HR Transformation market,” says Stephen Lis, KPMG's leader for Management Consulting in the US.
Stephen Chase, KPMG's service line leader for Technology, adds, “Adding the deep and focused IT experience of these professionals to our Enterprise Solutions practice significantly advances our ability to address clients' technology enablement and enterprise transformation needs. In turn, AXIA's Workday professionals now have access to the extended capabilities that KPMG provides to the Software-as-a-Service (SaaS) Enterprise Resource Planning marketplace."
Ed Mueller, CEO and co-founder of AXIA also commented on the acquisition, states, "KPMG is currently one of only a handful of Workday Partners that is building capabilities for full Workday Platform delivery, and the culture and vision of KPMG's Enterprise Solutions team provided an excellent fit for our team. The completion of this transaction enables AXIA to refocus all of our resources on our core consulting and advisory business."
Acquisition spree in US
KPMG currently finds itself on an acquisition spree in the US. Over the past months, the accounting and consulting giant acquired corporate finance specialist St. Charles Capital, IT consulting firm Zanett Commercial Solutions and Rothstein Kass, a top-20 professional services firm that focuses mainly on the hedge funding market. Earlier this year it also bought BBK, an expert in restructuring and other financial advisory services.