KPMG will acquire the analytical applications company Link Analytics LLC, with the intent of expanding the U.S. audit, tax and advisory firm’s data and analytics capabilities.
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Financial terms of the agreement will not be disclosed, but the deal is expected to close in the near future.
Link Analytics is based in Atlanta with offices in Knoxville, Tenn., and Seattle. The company works with Fortune 1000 businesses in the U.S. and specializes in developing scalable business analytics applications including customer experience, large-scale social network analysis, and network optimization. Link Analytics’ solutions operate on various platforms, from Netezza to Teradata to Hadoop, while also utilizing shared memory computing resources.
“Achieving measureable and sustainable growth requires businesses to deeply analyze how their customers make decisions today in order to accurately anticipate what customers will expect in the future,” said Lynne Doughtie, vice chair for advisory at KPMG. “Adding Link Analytics’ experienced analytic professionals and proprietary methodologies provides a platform to accelerate the design and delivery of analytic solutions to help our clients turn big Data into actionable insights. This acquisition is the latest component of KPMG’s strategy to provide highly customized, actionable and repeatable solutions to our clients’ most complex data problems.”
In November, KPMG International announced the launch of KPMG Capital, a fund created to accelerate investment in the development of data and analytic products and services.