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February 21, 2011

KPMG buys advisory firm EquaTerra

KPMG has acquired global sourcing and advisory
firm EquaTerra.

EquaTerra specialises in advisory for finance
and accounting, HR, IT, procurement and other business processes.
The marriage with KPMG’s business advisory practice will provide
clients with a full life-cycle of capabilities, from strategy
through to optimisation for companies seeking to reduce costs and
improve effectiveness and efficiency.

EquaTerra covers the Americas, Europe and
Asia-Pacific with 250 staff that will now join KPMG.

EquaTerra is rated the second leading global
outsource adviser by the International Association of Outsourcing
Professionals, whereas KPMG is ranked fourth.

KPMG chief executive and chairman  John
Veihmeyer said the acquisition will help address changing client
needs as the outsourcing services market continues to evolve.

“This is part of our strategy of building
large-scale transformation capabilities to help organisations as
they address the realities of a new global marketplace,” Veihmeyer
said.

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