KPMG Acquires Tower Watson’s HR Service Delivery Practice

July 10, 20159:51 am1069 views

Tower Watson’s Human Resource Service Delivery (HRSD) practice is a recognized leader in HR transformation with deep expertise in HR service delivery. With advancements in technology in the HR space, the company has recognised the need and importance of cloud-based solutions and developed cutting-edge technology solutions to set pace with the change.

KPMG now acquires the HRSD practice of Tower Watson, leading talent and human capital professional services organisation. As a part of this transaction, KPMG will be acquiring Towers Watson’s HRSD practice resources in the United Kingdom, United States, Hong Kong, China, Singapore, Philippines and Canada.

Commenting on this acquisition, Stephen N. Chase, U.S. Management Consulting leader of KPMG’s Advisory practice said, “We are excited to have this experienced group of industry-leading HR consultants join the KPMG team. With talent and culture change topping company board agendas, business leaders are looking for providers who understand the linkage between HR management and broader business goals.”

This acquisition remarks KPMG’s sixth transaction in the HR transformation space in the past four years. The past acquisitions to name are EquaTerra, The Hackett Group’s Oracle Enterprise Resource Planning practice, Optimum Solutions, Workday practice of Axia Consulting and Zanett Consulting Solutions.

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KPMG has been recognized by the analyst community as a leader in HR transformation. As part of the acquisition, KPMG will continue to invest in Towers Watson’s HR Service Delivery and Technology Survey, a powerful platform that has helped guide HR leaders on issues and opportunities for the last 18 years. KPMG will continue to invest in Towers Watson’s HR Service Delivery and Technology Forum.

“Our practice helps clients create the optimal HR function by aligning their people, processes and technology. We’re a team that’s passionate about our clients’ success,” said Mike DiClaudio, global leader of Towers Watson’s HRSD practice. “Our capabilities and experience fit very well into KPMG’s strategy and organization. We are excited to continue helping HR leaders improve the quality and efficiency of the services they provide to their organization.”

Harnessing the strong capabilities on Tower Watson in the HR service delivery and Workday deployment area, Max Caldwell, managing director of the company’s Data, Surveys & Technology line of business. “As our focus in this business shifts to growth of Towers Watson’s proprietary HR software solutions, we are pleased the HRSD practice will continue to thrive at KPMG.”

Towers Watson’s HRSD practice has supported a substantial number of Workday implementations during the past seven years. This agreement was officially made on July 9; however financial details of the acquisition deal were not disclosed. Through this transaction, KPMG aims at deepening its global HR transformation capabilities.

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