Intelligent business: PwC expands consulting practice
29 November 2011
PwC has announced today it will further expand its consulting practice with the acquisition of Business Intelligence market leader, Avantis.
Business Intelligence and Analytics is a high growth market fuelled by the explosion of 'big data' and an ever increasing demand to better manage and predict performance using 'real time' fact based analysis.
Established in 2001, and currently employing 22 people, Avantis is an established and reputable Business Intelligence & Analytics implementation consultancy, specialising predominantly in SAP's Business Objects solution suite.
Avantis generates 80 per cent of its revenue from consulting and training services and has doubled its revenue in the past three years. Similarly, revenue of PwC's consulting practice has also grown 32 per cent in the past 12 months.
"Avantis' team will provide valuable expertise in assisting with Business Intelligence & Analytics helping to deliver on our promise to clients that PwC can support them from strategy through the execution, and making change stick," said Mark Johnson, PwC CEO.
Business Intelligence and Analytics refers to skills, technologies, applications and practices to help a business better manage and predict performance, and make more insightful decisions based on current data.
The acquisition is planned to complete on 9 December this year or soon thereafter.
Avantis' David Cookney and David McAmis will continue with Avantis running the Sydney and Melbourne operations.
About PwC
PwC firms provide industry-focused assurance, tax and advisory services to enhance value for their clients. More than 161,000 people in 154 countries in firms across the PwC network share their thinking, experience and solutions to develop fresh perspectives and practical advice. See pwc.com for more information.
"PwC" is the brand under which member firms of PricewaterhouseCoopers International Limited (PwCIL) operate and provide services. Together, these firms form the PwC network. Each firm in the network is a separate legal entity and does not act as agent of PwCIL or any other member firm. PwCIL does not provide any services to clients. PwCIL is not responsible or liable for the acts or omissions of any of its member firms nor can it control the exercise of their professional judgment or bind them in any way.
