KPMG acquires EquaTerra

KPMG International  announced on February 22 the acquisition of sourcing advisory firm EquaTerra. The acquisition creates one of  the broadest global sourcing and shared services advisory offerings  across the Americas, Europe and Asia Pacific. The terms of the deal were not
disclosed.  "EquaTerra is an ideal fit for KPMG and we look forward to welcoming the EquaTerra
team to the KPMG network family," said Timothy P. Flynn, Chairman, KPMG International.

"Through this acquisition, clients of KPMG member firms  will benefit from the addition of a market-leading sourcing adviser to  help them transform their organizations into more flexible enterprises
in a way that meets today's complex market demands."Mark Toon, former Chief Executive Officer of EquaTerra and current KPMG LLP  principal, said that the deal adds value for clients of both
organizations. "Joining a network with KPMG's capabilities and global  scope provides great opportunities for our employees and clients," Toon  said. "KPMG's extensive sourcing experience, its Big Four market  presence and its reputation for relentless execution is an ideal  complement for EquaTerra's business transformation capabilities and  highly respected reputation in the shared services and sourcing advisory sector."John  Veihmeyer, KPMG LLP (U.S.) Chairman and CEO, noted that the acquisition  helps address changing client needs as the outsourcing services market  continues to evolve. "EquaTerra's tools and capabilities speak directly  to clients' desire to move beyond one-off outsourcing activities and  develop comprehensive sourcing strategies that deliver real value across their organizations," Veihmeyer said. 

"This is part of  our strategy of building large-scale transformation capabilities to help organizations as they address the realities of a new global  marketplace."EquaTerra is ranked No. 2 on the International Association of Outsourcing  Professionals' recent 2010 list of the World's Best Outsourcing  Advisers.