KPMG acquires Microsoft Dynamics partner Crimsonwing

KPMG has confirmed that it has acquired Crimsonwing, a global IT company focusing on Microsoft Dynamics and e-commerce business solutions. The deal is valued at approximately $30 million.

The acquisition will better enable KPMG to help its clients transform their businesses and ensure they get the full benefit from their investments in new technology and information systems, said David Walsh, Crimsonwing's founder.

The new business, dubbed KPMG Crimsonwing, will be jointly owned by KPMG's firms in the UK, Netherlands and Malta. Walsh will be chief executive of KPMG Crimsonwing, which will combine KPMG's current Microsoft Dynamics teams in the UK and Netherlands with Crimsonwing to create a team of about 350 people. The combined entity has a goal of more than doubling in size over three years, according to company officials.

"This acquisition helps us to meet our clients' growing demands for broader business skills and for international reach to support multi-country implementations," said David Walsh, who was named CEO of KPMG Crimsonwing, in a statement.

KPMG Crimsonwing will now be one of the four biggest Dynamics consulting and implementation services providers in Europe, officials said.

Founded in 1996, Crimsonwing provides industry-specific business, mobile and cloud solutions for international clients related to Microsoft Dynamics and e-commerce. Crimsonwing has developed software that incorporates its own intellectual property for industries such as print management and property lease management and for membership organizations.

The acquisition fits with KPMG's strategy of building an advisory practice that combines business expertise with the underlying technology needed to implement business solutions, officials said.

The Crimsonwing acquisition follows KPMG's acquisitions of Safira, a provider of Business Process Management solutions, and Cynergy Systems, a Digital and Mobile ...