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KPMG Australia has acquired national technology and financial solutions firm, Chartertech, merging KPMG’s Enterprise’s technology and financial advisory practice.
The deal is slated to complete in November, subject to satisfaction of conditions.
Chartertech is a Sydney-based company consulting firm specialising in financial advisory, software and technology solutions. It also offers financial analytics and forecasting capabilities based on the IBM TM1 and Cognos platforms.
The company’s co-founding directors George Skillin and Michael McRoberts will join KPMG as partners, bringing with them 140 team members from across five offices nationally.
George Skillin said the two began the company in 2017 with seven staff which followed a period of rapid growth.
According to Skillin, this deal will enable it to better support staff with a “new generation of career opportunities” as well as serving clients through expanded services.
KPMG Australia CEO Andrew Yates claimed Chartertech is an innovative and forward-thinking business.
“This is a significant investment in our Enterprise business which is focused on advising emerging, private, family, government and mid-market organisations,” he said.
The acquisition of Chartertech builds upon KPMG Australia’s strategic expansion into technology enablement with previous acquisitions over the last several years, which include SAP consultants Think180 in 2023, intelligent automation and software integration firm Rubicon Red in 2022 and Oracle integration firm Certus APAC.