KPMG to acquire Towers Watson's Human Resources Service Delivery Practice
Jul 16, 2015, 16:00 ET
TORONTO, July 16, 2015 /CNW/ -
Transaction bolsters KPMG in Canada's Workday strength
As announced last week, KPMG in Canada, together with other member firms of KPMG International, has entered into an agreement with Towers Watson to acquire the company's Human Resources Service Delivery (HRSD) practice.
Towers Watson is a leading talent and human capital professional services organization with an HRSD practice that is a recognized leader in HR Transformation with deep experience in HR service delivery. The Towers Watson HRSD team's robust Workday experience complements KPMG in Canada's Workday execution and strategy, especially around payroll and integration experience.
Towers Watson's HRSD practice has supported a substantial number of Workday implementations during the past seven years. The practice was also named a Workday Consultant of the Year in 2009 and 2010.
In addition to KPMG in Canada, other KPMG member firms have acquired Towers Watson's HRSD practice resources in the United States, United Kingdom, China, Hong Kong, Singapore, and the Philippines.
The transaction was signed on July 9 and is expected to close in the coming weeks. Financial terms of the agreement were not disclosed.
"HR Transformation is an important area of focus for KPMG in Canada, especially as clients look to enhance their HR function and drive quality, value, and innovation. We are excited to welcome the talented Towers Watson HRSD team to KPMG in Canada. The addition of their skills will help to significantly enhance our capability in the HR market, allowing us to strive to better deliver leading cloud-based technology solutions to clients and add scale to a team we have been building over the past year."
- Laura Croucher, National Lead Partner, Advisory Services, People and Change Practice, KPMG in Canada
"The Towers Watson HRSD practice is recognized for helping organizations streamline the HR function, enabling organizations to align their people, processes and technology. Their Workday experience provides numerous possibilities and solutions for businesses focusing on their HR issues and helps ensure KPMG in Canada continues serving our clients with the skills and knowledge they've come to expect from us."
- Yvon Audette, Partner, Advisory Services, Management Consulting, KPMG in Canada
"Globally we are making tremendous progress in HR Transformation and this is being recognized by clients and analysts alike. This acquisition helps to significantly increase our capacity and ability to serve our global clients in all geographies."
- Mark Spears, KPMG's Global Head of People and Change and Leader of the Global HR Centre of Excellence
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About Towers Watson
Towers Watson (NASDAQ: TW) is a leading global professional services company that helps organizations improve performance through effective people, risk and financial management. With 16,000 associates around the world, the company offers consulting, technology and solutions in the areas of benefits, talent management, rewards, and risk and capital management. Learn more at towerswatson.com.
KPMG LLP, an Audit, Tax and Advisory firm (kpmg.ca) and a Canadian limited liability partnership established under the laws of Ontario, is the Canadian member firm of KPMG International Cooperative ("KPMG International"). KPMG member firms around the world have 162,000 professionals, in 155 countries.
The independent member firms of the KPMG network are affiliated with KPMG International, a Swiss entity. Each KPMG firm is a legally distinct and separate entity, and describes itself as such.
SOURCE KPMG LLP
For further information: Briana D'Archi, KPMG in Canada, 416.777.8169, [email protected]
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