PriceWaterhouseCoopers (PwC) has acquired two cloud consulting firms that specialize in Amazon Web Providers (AWS) and Microsoft Azure. Financial terms of the discounts were not disclosed.
The initial offer involves PwC Middle East producing a strategic expenditure in Zero&A person. The 2nd deal associated PwC US buying Applications Consulting Instruction Methods (Acts).
These are technology M&A deal variety 589 and 590 that ChannelE2E has covered so far in 2022.
PwC Helps make a Pair of Cloud Consulting Acquisitions
PwC, primarily based in London, was started in 1998 by the merger of Coopers & Lybrand. The corporation has 277,846 workers mentioned on LinkedIn. PwC’s areas of skills include assurance, tax and advisory expert services, IT consulting, cybersecurity and managed stability companies.
PwC’s most recent acquisitions involve:
- Zero&A single, launched in 2017, is centered in Dubai, United Arab Emirates with an extra area in Beirut, Lebanon. The company has 41 workers outlined on LinkedIn. Zero&One’s spots of know-how contain cloud, AWS, big details, blockchain, cloud migration, disaster recovery, backup, growth, IaaS, SaaS, equipment studying, artificial intelligence, higher availability, fault-tolerance, governing administration cloud, intelligent town and IoT.
- Acts has 152 personnel and is based mostly in Jacksonville, Florida. Acts spots of knowledge include things like cloud, Microsoft Azure, cloud engineering and technological know-how solutions. The acquisition of Functions will lengthen the arrive at of PwC’s cloud practical experience in economic solutions and accelerate cross-industry modernization of Microsoft cloud solutions, the businesses explained.
PwC Acquisitions: Govt Perspectives
Ali Hosseini, chief digital officer and partner, PwC Center East, commented on the Zero&One financial investment:
“The investment decision in Zero&One particular grows our cloud functionality and current proposition at a time in which AWS has fully commited to opening a amount of AWS information facilities in the UAE. Investing in Zero&A person, the initially and only nearby AWS Leading Partner in the Center East, provides us finish-to-finish cloud transformation capability, from tactic to execution. With bilingual abilities and a presence in the UAE and Lebanon, we’re self-confident that this financial commitment additional enables PwC to provide consumers greater in the area and examine new opportunities about cloud migration, modernization and cloud-indigenous providers.”
Ali El Kontar, president, Zero&One particular commented:
“We are excited and humbled to have PwC on board with us, specifically presented the exceedingly well known and in demand attitudes all around the products and services we supply, from cloud migrations to software modernization, DevOps, Analytics and substantially far more, in addition to our mutual focus on staying men and women-pushed businesses. We are self-confident this investment decision will help us to give even extra to our clients, whilst taking this option to develop in the location and scale to assist electronic adoption that is developing exponentially.”
Matt Hobbs, PwC U.S. Microsoft observe chief, commented on the Functions acquisition:
“We feel in the power of the cloud to unlock innovation and worth — and deliver sustained small business outcomes. Business-certain options are an essential portion of PwC’s cloud expert services approach, which is why we are so excited to operate with James Farhat and the overall Functions group. Our technique to Azure is business cloud-very first to assist our shoppers address their most pressing and significant troubles that facial area monetary products and services companies just about every day.”
James Farhat, Functions founder and CEO, added:
“The cloud is regularly evolving, this means there is a ton of opportunity for further more innovation and improvement. I am unbelievably happy of what we’ve crafted at Functions and am fired up for the following chapter. Together, PwC and Functions will intention to aid firms innovate a lot quicker and speed up their cloud journey, delivering potent success for clientele and continuing to be an field chief all through the monetary solutions house and over and above.”
PwC’s M&A Exercise
PwC stays energetic in the M&A industry, getting a assortment of engineering provider companies, IT consultants, MSPs and cybersecurity organizations. ChannelE2E maintains a routinely up-to-date record of PwC acquisitions and investments, and their areas of focus in this article.
Most recently, PwC obtained Netrovert, a consultancy that focuses on business integration, largely on the Salesforce MuleSoft system. PwC obtained Venerate Answers for Salesforce cloud consulting expertise in June 2022. In May 2022, the agency acquired ID-Consult/METUS and eilersconsulting for provide chain management. In April 2022, PwC acquired Pollen8, a technological innovation consultancy focused on sustainability and green initiatives. In March 2022 the firm obtained a minority stake in Cybus GmbH, an industrial world-wide-web-of-points (IIoT) computer software organization and in January 2022 acquired SAP provide chain program pro Olivehorse.