BDO and DECIMAL agree on sale of DECIMAL's Governance, Risk and Compliance division
Feb 01, 2012, 16:49 ET
MONTREAL, Feb. 1, 2012 /CNW/ - BDO Canada LLP ("BDO") and Decimal Technologies Inc. ("DECIMAL") are pleased to announce that DECIMAL's GRC Division has been purchased by BDO, effective January 31, 2012. The combined practice will operate under the BDO name.
BDO's risk advisory services practice in Montreal will welcome all highly qualified professionals from DECIMAL GRC Division, including one Associate, Alphonse Galluccio, FCMA. DECIMAL GRC Division was initiated in 2006 and has since grown to be a leader in Quebec Governance, Risk and Compliance market. Together, the expanded BDO practice will be able to offer more skills and depth to serve clients and, thereby, build a stronger presence for BDO in the Quebec market.
BDO is one of the leading accounting and advisory firms in Canada with 90 years of experience providing value-added assurance, accounting, taxation and advisory services to a broad range of clients. The firm's risk advisory services practice helps clients understand and assess the risks to their businesses, addressing issues related to regulatory compliance, internal audit, technology, risk and security, corporate governance, business process enhancement, enterprise risk management, and more.
DECIMAL, a leader in corporate performance management will henceforth focus on helping public and private organizations improve their budgeting and costing processes. The company uses its software solutions and expert services to become the leader in business planning, budgeting and costing.
Pierre Taillefer, BDO Risk Advisory Services Partner in Montreal, stated: "We are thrilled to welcome DECIMAL GRC Division to our Montreal practice. This expansion will not only position us as a leader in our market, but will also strengthen our relationships with clients.."
New BDO Associate Alphonse Galluccio added: "The decision to join BDO will benefit all of our clients who rely on us for sound governance. Joining BDO will enable them to access more resources and services, both locally and across the country."
"We are delighted to have reached this agreement with BDO, which allows us to successfully conclude the process of selling the GRC division. We believe BDO is the perfect choice, enabling GRC to further excel at the national level and enabling DECIMAL's management accounting practice to focus exclusively on its primary objective." said Stéphane Gaouette, DECIMAL's President.
Sam Khoury, BDO's National Risk Advisory Services Partner, concluded: "The DECIMAL GRC team will be an excellent addition to our national practice as we continue to focus on assisting clients by providing solid advice and service across Canada."
|Note to editors|| About BDO :
BDO is the fifth largest single national accounting and advisory partnership in Canada with 95 offices nationwide. Our professionals have the expertise to serve owner-managed businesses, large enterprises, mid-market public companies, communities and non-profit organizations in a broad range of industries.
BDO Canada LLP, a Canadian limited liability partnership, is a member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms.
BDO is the brand name for the BDO network and for each of the BDO Member Firms.
The combined fee income of all the BDO Member Firms, including the members of their exclusive alliances, was $5.28 billion in 2010. The global network has 1,082 offices in 119 countries and more than 46,000 people provide advisory services throughout the world.
About DECIMAL :
DECIMAL provides software solutions that focus on costing and budgeting. For over 20 years, DECIMAL has been offering top-quality technological solutions and consulting services to public and private organizations. DECIMAL improves corporate performance by providing decision-makers with the financial information they need to better understand their costs and profitability and optimize their budgeting and planning processes. For more information, go to www.decimal.ca.
For further information:
| Pierre Taillefer
BDO Canada LLP
| Tel: 514 931 0841
Fax: 514 931 9491
Tel: 450 640 1222 x1030
Fax: 450 646 1223
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