EY announced that UMT Consulting Group, an enterprise project portfolio management firm that provides business process and technology consulting services to large corporations and government entities, has joined Ernst & Young in the U.S.
With this deal, EY can enhance its acceleration into capital-intensive programs, capability enhancement, and intellectual property for EY’s global strategic alliance with Microsoft Corp.
Specifically, the combination will add UMT Consulting’s deep experience in implementing Microsoft’s project and portfolio management solutions with EY’s Microsoft-based platform for driving program and portfolio performance to help clients improve their portfolios and execute programs to realize business benefits. The deal will also build on the relationships EY and UMT Consulting have with Microsoft’s sales teams across its regions.
“EY is committed to investing in new, innovative services,” stated Carmine Di Sibio, EY global managing partner of client service. “This deal, which takes place at the intersection of strategy and program management, will enable us to help our clients respond to a changing world. UMT Consulting’s methods are a natural fit with EY’s existing resources, and the talent we are bringing into the organization is second to none.”
The combination is also expected to leverage the account coverage and C-suite relationships both organizations have in providing end-to-end project and portfolio management solutions.
“One of the biggest hurdles a company can face is being able to understand where major spend across multiple projects is going and whether it is being implemented the right way – this is at the heart of Project Portfolio Management of UMT Consulting,” stated Gil Makleff, former chief executive officer of UMT Consulting. “We're looking forward to joining EY and introducing our offerings to its clients.”
“We see the joining of UMT Consulting and EY as a win for the industry,” stated Microsoft chief operating officer Kevin Turner. “This pairing will enhance the potential of our alliance given the new capabilities this will give EY in the Microsoft project space.”
EY first announced a strategic business relationship with Microsoft to deliver new and innovative services earlier this year.
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