Deloitte divests accountech platform Auvenir to management team

Deloitte has completed the divestment of Auvenir, handing ownership of the cloud-native accountech and compliance platform provider to a management buyout group made up of Pete Myers, Neeraj Sharma and Tim Parker.

Auvenir was set up within Deloitte to digitise engagement processes and support client collaboration.

Over the years, its team has contributed to the development of audit technology used by large audit and assurance clients, including Deloitte, Audit New Zealand and several public sector bodies.

The platform has also built a foothold among Canadian Certified Public Accountant practices.

These firms use its quality management compliance tools and its engagements product, which supports preparations, compilations, reviews and audits.

Deloitte Global Audit & Assurance leader Jean-Marc Mickeler said: “We are proud of what Deloitte and Auvenir have achieved together, and Deloitte believes this is the best long-term path for the company and this team.

“Streamworks Tech is well-positioned to continue building on its existing strengths under its current leadership.

As part of the transaction, Auvenir has been renamed Streamworks Tech.

Streamworks Tech has also rolled out an AI-enabled quality management offering in the US, developed in partnership with CPA Club.

The system provides ongoing monitoring and supports smooth migration from incumbent tools.

Streamworks Tech CEO Pete Myers said: “We have always had a laser focus on serving firms, enterprises, and the public sector with a clear mission to help professionals navigate complexity with the latest technology tools, including AI, that deliver confidence, compliance, and agility.

“Our dynamic solution has been successfully deployed for audit, assurance and compliance workflows and can now be easily configured for any type of client engagement across many verticals.”

Recently, Deloitte UK selected Darren Graves as its incoming senior partner and chief executive.