KPMG Australia has signed an agreement to acquire the business of Rubicon Red. The deal will see Rubicon Red’s team of 104 people join KPMG to provide specialist skills in intelligent automation, data engineering and software integration to mid-market organisations.
Announcing the acquisition, KPMG Australia CEO, Andrew Yates, commented: “This comes at a critical time for clients trying to navigate their way through a fast-changing world, and emerging technologies. 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. 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.”
Rubicon Red founder and CEO, Matt Wright said: “Having helped hundreds of clients to unlock the power of new technology, we are ready for the next phase in our own evolution. By aligning our skills and experience with the scale of KPMG Enterprise, we will be able to reach so many more businesses across Australia.”
“Most importantly, our mission and values are wholly in alignment with KPMG – both in terms of building the best place to work for our people, and for our desire to have a positive impact on our communities, society and the world around us.”
Matt Wright, together with Rubicon Red General Manager of Sales John Kirk, and General Manager of Delivery, DJ Munuswamy will join KPMG as Partners, bringing with them over 100 team members located across Brisbane, Sydney, Melbourne, Perth, Adelaide and India. They will join the KPMG Enterprise Technology Advisory practice, headed by Partner, Brad Miller.
Brad Miller added: “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. We are privileged to add their capabilities to our firm. Their expertise and offerings will provide additional choices to our clients to extend the life, value and optionality of their existing technology investments and services,” he said.
The Rubicon Red business will become part of KPMG Australia later this financial year, subject to the successful completion of the acquisition. Commercial terms were not disclosed.