Acquisition agreement
DIGITAL enterprise solutions leader Acton is expected to join KPMG Fiji by the end of this month after the latter entered into an agreement to acquire the business.
A media release issued by KPMG yesterday said subject to completion of the acquisition, Acton is expected to join KPMG Fiji by 31 March 2023, at which time the business will be integrated into the Suva office of KPMG.
KPMG Australia chief executive officer Andrew Yates welcomed the Acton team to the growing KPMG enterprise midmarket business.
“Their expertise provides our clients across the South Pacific and Australia with improved access to a broader suite of technology solutions. And it enables us to provide these solutions to clients at scale, and more costeffectively,” he said.
The acquisition will enable KPMG to deliver Microsoft solutions to its mid-market clients across the South Pacific on an improved and broader scale.
Fiji-based Michael Yee Joy, Partner in Charge of KPMG’s South Pacific Practice said being able to offer an extensive suite of Microsoft products with the implementation outcomes midmarket businesses need would greatly benefit their clients.
“It will help them improve and transform their finance and related functions and ultimately deliver enhanced efficiencies through utilising such products as the Microsoft Business Central solution.”
According to Mr Joy acquiring Acton is an exciting step for KPMG and would enable successful technology transformation for clients in response to a rapidly digitising world.
A market leader in cloud technology solutions, Acton was established in 2017 with its headquarters in Fiji.
The company specialises in Microsoft business applications including Dynamics 365 and Financials for Office 365 with a focus on helping its clients drive efficiency, reduce costs and optimally link people, data and processes across their organisations.
Acton managing director Shobha Reddy, with fellow directors and co-founders Sanjesh Kumar
and Mukesh Lodhia, are excited that KPMG is to acquire the business and are looking forward to supporting future growth.
According to KPMG Ms Reddy, Mr Kumar and Mr Lodhia will join KPMG as directors.
It said they would become part of KPMG’s fast growing Fiji business which has offices in Suva and Nadi and strong links to the broader South Pacific and Asia Pacific regions.
“Acton has a strong track record in the Fiji marketplace and extensive experience working with both SMEs and leading brands like KPMG,” said Ms Reddy.
We are looking forward to being part of the firm and to being able to deliver integrated Microsoft solutions that support client growth strategies,” said Ms Reddy.