EY acquires Irish technology consultancy Client Solutions
Big Four firm EY has signed a share purchase agreement to acquire Ireland based enterprise technology firm Client Solutions. The deals sees EY welcome around 180 professionals to its ranks.
Founded in 1994, Client Solutions company works with large private and public sector organisations, helping them to transform, refresh or extend their technology capabilities to harness the value of digital and become more agile, lean, responsive and competitive.
According to Frank O’Keeffe, Managing Partner of EY in Ireland, the acquisition of Client Solutions will help EY better serve its clients in the rapidly growing technology and digital transformation space.
O’Keeffe: “Clients are increasingly seeking guidance on how to innovate and transform their business models. Unlocking ingenuity and making change happen at an ever-increasing pace is critical to how we serve our clients. We are excited about the possibility of bringing the full power of EY and Client Solutions’ experience and knowledge to the market.”
Continuing, O’Keeffe noted that Client Solutions brings skills to complement EY teams’ existing credentials in the technology consulting space. This includes technology services such as software development, SAP solutions, service management and intelligent automation.
Client Solutions is a certified partner of software vendors such as SAP, Microsoft, ServiceNow, Snowflake, Coreview and Neptune. The firm has also bagged multiple partner awards over the years.
According to the Irish Times, the latest accounts for Client Solutions show it made a profit of €3.5 million in the year to the end of June 2020, and €4.6 million the year previous.
Financial details of the acquisition have not been disclosed, with the deal subject to closing conditions including merger clearance by the Competition and Consumer Protection Commission.
Commenting on the joining of forces, Teddy McCarthy, the CEO of Client Solutions, said, “We look forward to the prospect of joining EY where we will continue to foster our culture of continuous improvement and innovation to deliver excellence in enterprise technology solutions.”
“This is an exciting next step in our journey and together I am confident we will go from strength to strength in driving our clients’ success.”
The deal in Ireland continues an active M&A campaign for EY’s UK & Ireland practice. In the last two quarters of 2021, the Big Four firm closed four deals: Lane4, Seaton Partners, Tao Leadership and PeakEPM.
