London: KPMG has strengthened its IT consulting presence with the purchase of Xantus, a UK specialist in IT advisory services.
Xantus saw its work recognised earlier this year when it was a double winner at the 2011 MCA Awards taking IT Consultant of the Year and Strategy Project of the Year.
Xantus has offices in Cheshire and London, and recorded income of £16 million in 2010/11. It works with a wide range of clients, including many FTSE 100 and equivalent organisations in the UK and overseas, across the private and public sector. Terms of the acquisition were not disclosed.
Commenting on the deal, Bryan Cruickshank, Head of IT Advisory in KPMG's Management Consulting practice, said:
"We are delighted to announce this deal. Our focus is on continually improving the quality and breadth of consulting advice that we can bring to our clients, and this acquisition will help us achieve that goal. Xantus is a leading player with top class credentials and an impressive client portfolio. We believe there is a great fit between KPMG and Xantus in terms of calibre of people and of clients, and a sense of shared values. Together, we can bring our clients insights that genuinely help them achieve their goals."
Steve Watmough, CEO of Xantus, said: "We are very excited to be joining KPMG. It is a great development for the company, our staff and our clients. This deal represents a significant opportunity to accelerate the delivery of what has always been the Xantus vision — to become the leading advisor to the CIO community. Combining Xantus' track record with KPMG's global brand, reputation and scale offers a very powerful proposition. "