David Walsh, Founder, and continuing CEO of KPMG Crimsonwing, says: “This acquisition helps us to meet our clients’ growing demands for broader business skills and for international reach to support multi-country implementations. With KPMG’s support and its global platform, we will be in a better position to support our clients to transform their businesses and ensure they get the full benefit from their investments in new technology and information systems.”
KPMG Crimsonwing feels this is a really exciting opportunity for all the stakeholders, especially Crimsonwing’s clients and staff. This is because KPMG intend to invest and grow the business and strengthen the existing business solutions that Crimsonwing provides.
KPMG Crimsonwing will be jointly-owned by KPMG’s UK, Netherlands and Malta firms, and will see the Microsoft Dynamics and eCommerce workforce rise significantly to some 350 staff, including a 200-strong, highly skilled, nearshore team in Malta.
It makes KPMG Crimsonwing the largest ‘big four’ provider in Europe of Microsoft Dynamics consulting and implementation services. The combined entity has a goal of more than doubling in size over three years.
Since being founded in 1996, Crimsonwing has developed into an award-winning consultancy providing industry-specific business, mobile and cloud solutions for international clients related to Microsoft Dynamics and eCommerce. Its market leading software incorporates its own intellectual property for clients in print management, property lease management and membership organisations.
The acquisition is consistent with KPMG’s strategy of building an advisory practice which combines business expertise with the underlying technology capabilities required to implement business solutions.
Regent Partners LLP acted as exclusive Corporate Finance advisor to Crimsonwing.