KPMG bolsters mid-market technology practice with Rubicon Red
After twelve years in business, Brisbane-headquartered IT consultancy Rubicon Red has been acquired by KPMG, with over 100 specialists crossing to the Big Four firm.
Professional services firm KPMG has picked up enterprise software specialist Rubicon Red for an undisclosed sum. More than 100 staff from across Australia and India will now join KPMG, including CEO and co-founder Matt Wright and general managers John Kirk (sales) and DJ Munuswamy (delivery) as partners.
“Having helped hundreds of clients to unlock the power of new technology, we are ready for the next phase in our own evolution,” said Wright, who established Rubicon Red in 2009 alongside John Deeb, currently ANZ country manager for workflow automation platform Workato.
“By aligning our skills and experience with the scale of KPMG, we will be able to reach so many more businesses across Australia,” Wright continued.
Rubicon Red specialises in intelligent automation, data engineering and software integration, and offers services spanning consulting, implementation and managed services. Among its more than 300 projects to date are engagements for the University of Adelaide, National Pharmacies, and the Geelong Football Club.
As part of the integration, Rubicon Red will become part of KPMG Enterprise, the firm’s mid-market-focused practice. “Mid-market organisations are often trying to balance disparate technology assets without having the balance sheet to replace them all in a single investment, with a single solution,” commented KPMG Australia CEO Andrew Yates.
“Blending Rubicon Red into our own mid-market business KPMG Enterprise will allow us to offer the most advanced technology to our clients at a price point that’s accessible.”
KPMG stated that the acquisition formed part of its strategic plan to expand into technology enablement, pointing to last year’s purchase of Oracle implementation specialist Certus APAC, together with its previous pick ups of Microsoft partner Hands-On Systems and Murex software specialist IT Markets in 2015 and 2016.
“Rubicon Red is at the forefront of the integration of new solutions which brings together technology assets, data and insights to solve business problems – something that has been recognised by many industry awards and a host of successfully delivered client projects,” said KPMG Enterprise Technology Advisory practice head Brad Miller. “We are privileged to add their capabilities to our firm.”
The deal is expected to close later in KPMG’s current financial year.
