Deloitte Australia has acquired insurance technology consultancy 4impact for an undisclosed sum.
This is the 842nd technology M&A deal covered by ChannelE2E so far in 2022. See more than 2,000 technology M&A transactions involving MSPs, MSSPs and IT service providers listed here.
Deloitte acquires 4impact
Deloitte was founded in 1845 and is headquartered in London, England. The company has approximately 456,000 employees worldwide. Deloitte’s main areas of expertise are audit, advisory, advisory and tax services. But the company also has a significant presence in the global IT service provider (ITSP) market.
4impact was founded in 2005 and is headquartered in Brisbane, Queensland, Australia. The company lists 102 employees on LinkedIn. 4impact’s areas of expertise include project delivery, PMO establishment, change management, IT leadership and implementation, business analysis, business process design, application/web development, business intelligence, test automation, SOA, enterprise architecture, AWS, banking projects, data solutions Solutions, FSI, Integration, RPA, Automation, Digital Lending, Portfolio Banking, Core Banking, Azure, Systems Integration, Kakfa, Confluent.io, Core Banking and Master Data Management.
According to the company, the acquisition will strengthen Deloitte’s insurance industry digital transformation offering and make Deloitte one of Australia’s leading accredited Guidewire consultants.
Guidewire is the technology platform for the insurance industry used by the majority of insurers in the country. The company said the acquisition will add about 50 people to Deloitte’s Guidewire team.
Deloitte said former 4impact CEO John Ryan will be a Deloitte Consulting partner.
Deloitte Australia acquires 4impact: Insurance is about to go to the cloud
Arthur Callipo, Deloitte Country Head of Financial Services and Insurance, commented:
“Guidewire solutions are widely used across the industry in Australia and Asia. 4impact is the largest team of Guidewire certified experts in the region and their extensive experience will complement our market offerings linking strategy with leading technology solutions .”
Berin Wallace, Deloitte Consulting Partner and Country Leader for Industry Solutions, said:
“The arrival of this highly specialized team will add to our already strong presence in the Australian market, as well as our broader global footprint, and we are delighted to welcome John Ryan and the team, including the Manila-based group of highly certified delivery centers, to Deloitte. “
Incoming Deloitte Consulting Partner John Ryan added:
“Joining Deloitte is a natural evolution for us, and the company’s recognition and investment in our people and their capabilities is a testament to what they can achieve in the marketplace. It’s a logical next step, combining the experience of this team with Deloitte’s The combination of global Guidewire experience and resources creates our region’s leading service.”
Roland Slee, Managing Director of Guidewire Asia Pacific, said:
“The 4impact team’s experience in Guidewire Cloud development combined with Deloitte’s Guidewire Cloud implementation skills and assets will only accelerate Guidewire’s mission to drive innovation in insurance.”
Deloitte has been active in mergers and acquisitions, acquiring MSPs and MSSPs globally. While Deloitte’s reputation is built on its audit, advisory, advisory and tax services offerings, the firm also has a significant presence in the global IT service provider (ITSP) market.