PwC acquires strategy software boutique Mindmatter

12 October 2021 2 min. read
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Matthew Tutty, the founder and CEO of Melbourne-based strategy consulting and software company MindMatter, has announced its acquisition by professional services firm PwC.

Fresh off the back of its acquisition of Sydney-based IT security and digital identity specialist WebSecure, it appears professional services firm PwC has secured a second purchase – that of Melbourne-headquartered strategy and software firm MindMatter. While no official announcement has been made, MindMatter’s founder and CEO Matthew Tutty posted about the sale on Linkedin, with congratulations from a number of PwC partners.

According to Tutty’s post and profile, he has himself joined the partnership of PwC, after its acquisition of the company he founded in 2017. MindMatter he says was established as both a strategy consultancy and strategy software start-up, having over the past four years developed a number of SaaS and artificial intelligence solutions from its secondary software base in Beijing, while serving a range of “incredible clients around the world.”

PwC acquires strategy software boutique Mindmatter

“I look forward to hearing from clients, colleagues, and friends to discuss the same mischief you’ve come to expect from me, but with the backing, breadth, and brilliance of PwC,” Tutty stated, who set up MindMatter after a seven-year stint at Telstra, including as an executive director for strategy and transformation. “My new home will be in the consulting business, with a focus on technology, telecommunications, and transformation.”

Among those welcoming Tutty to the firm were PwC’s Australian consulting leader and ASEANZ Consulting CEO David McKeering, who took over the division in the middle of last year, along with several other PwC and Strategy& partners and senior leaders, including TMT partners Mohammad Chowdhury and Laurence Dell; PwC NewLaw partner Mick Sheehy, and PwC’s Health and Wellbeing Director for Adelaide, Lara Spence.

According to its website, MindMatter’s core business is in the creation of next-generation services and cloud-based software designed to simplify strategic decisions, with in addition to telecommunications the financial services, retail, education, healthcare and energy & utilities sectors among the company’s main areas of focus. It is unclear the size of the business or approximate revenues, with Tutty the firm’s only member listed on LinkedIn.