KPMG acquires IT management consulting firm IT/NET Group

Posted by Darren Anderson on 2010-09-27 7:53:00 AM

KPMG LogoKPMG announced this morning that it has acquired IT/NET Group, an IT management consulting services and public sector transformation firm based on Ottawa. Financial details of the deal were not disclosed. 

IT/NET Group has been around for nearly 20 years, and has built a reputation as a leader in developing and aligning ICT solutions in business environments. According to historical financial information submitted by IT/NET for participation in the Branham300, the company experienced impressive growth over the past ten years, with annual sales increasing from $14 million in 2001 to approximately $30 million in fiscal 2008.

Bill Thomas is KPMG's CEO:

"The addition of IT/NET's people and knowledge enhances KPMG's ability to deliver top-tier Advisory services to our public sector clients, in particular with their transformation challenges." 

Alex Beraskow, President, CEO and Founder of IT/NET added his thoughts on the deal:

"We are pleased to be aligning with an organization like KPMG with a strong and growing Advisory practice, true international reach, and a deep commitment to serving the ever-changing needs of the public sector. IT/NET is about its people and we are proud to have some of the sharpest minds in professional services as part of our team. Today's announcement is very positive for IT/NET and its clients."

For complete details on the transaction, have a look at KPMG's formal release. 

Company:
IT/NET
Website:
http://www.itnet.ca
Location:
Ottawa, Ontario, Canada

IT/NET is a prominent management consulting firm that offers comprehensive consulting services in all aspects of Information Management and Technology (IM/IT). We provide clients in both private and public sectors with a combination of management and technical expertise, to ensure that computer-based technologies are applied in a cost-effective and appropriate manner. IT/NET is a national firm, incorporated in... more

Company:
KPMG LLP
Website:
http://www.kpmg.ca
Location:
Vancouver, British Columbia, Canada

KPMG LLP, the audit, tax and advisory firm (kpmg.ca), a Canadian limited liability partnership established under the laws of Ontario, is the Canadian member firm of KPMG International Cooperative (“KPMG International”). KPMG International’s member firms have 140,000 professionals, including more than 7,900 partners, in 146 countries. The independent member firms of the KPMG network are affiliated with KPMG... more

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Darren Anderson

Darren Anderson

Darren Anderson is an analyst at Branham Group Inc., a leading industry analyst and strategic consulting firm servicing the global information technology marketplace. Each year he coordinates the Branham300, an annual ranking of the top 300 Canadian technology companies, allowing him to keep tabs on the happenings within Canada’s Information and Communication Technology industry. Beyond his... more

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