KPMG has completed the acquisition of Cynergy Systems to bolster the Big Four firm’s digital and mobile technology offerings.
“Digital and mobile technologies are transforming the way we live and work,” said John B. Veihmeyer, KPMG’s chairman and chief executive officer, in a statement. “We see this in every sector of the economy, and it will only grow in importance in the years ahead. By adding Cynergy’s leading-edge mobile and digital capabilities to KPMG’s depth in helping clients solve their biggest operational and technology challenges, we are fully prepared to help clients re-imagine how they deliver services to customers, employees and other stakeholders.”
Financial terms of the agreement will not be disclosed.
Baltimore-headquartered Cynergy is a mobility services business and digital experience company specializing in strategy, design and development in mobile, web and desktop. The company also has offices in offices in Seattle, San Diego, Grand Rapids, Mich., Phoenix, Houston, Detroit, Rochester, N.Y., and Washington.
“This acquisition advances our capabilities to help businesses integrate digital and mobile technologies across their enterprises,” Veihmeyer stated. “We see tremendous opportunities to help our clients unlock new business models, increase revenue and make their enterprises more efficient. We’re also excited to enhance KPMG’s broad approach to business integration services, which already includes strategy, process and technology enablement, data and analytics, change management, security, risk and controls and tax services.”
KPMG research, including the results of the firm’s “Innovation in the Midst of Disruptive Technology” study, has found that the highest priorities for business leaders seeking to get the greatest return on their IT investment is the strategic deployment of mobility applications for customer-facing operations and the mobile enablement of workforces.
“Digital and mobile enablement are no longer just disruptive, but rather, critical components to integrated business transformation,” stated Carson Hager, Cynergy’s president and founder. “Cynergy focuses more on the business problem than the device, helping clients effectively implement digital and mobile strategies to solve both their current and future challenges. As consumer, employee and executive expectations continue to rise for companies to make their enterprises more efficient and their digital experiences more engaging, the alignment between KPMG and Cynergy will create one firm, uniquely positioned to drive transformation across enterprises - from strategy through execution.”
In December, KPMG announced the expansion of its data and analytics capabilities with the acquisition of analytics solutions company Link Analytics, which followed the early 2013 addition of professionals from The Hackett Group’s Oracle enterprise resource planning practice to focus on global strategic advisory and business transformation consulting.
“The pace of change in business today has placed greater urgency on companies to adopt new technologies to drive growth and efficiency,” stated Lynne Doughtie, KPMG’s vice chair for advisory. “This acquisition enhances our ability to use digital and mobile technologies to transform our clients’ business processes and customer engagement. As part of KPMG, Cynergy’s people and processes can help clients leverage digital and mobile technologies to transform existing customer engagement and employee mobile enablement into seamless experiences for end users across multiple platforms and devices.”