PriceWaterhouseCoopers (PwC) has acquired two cloud consulting firms specializing in Amazon Web Services (AWS) and Microsoft Azure. Financial terms of the deals were not disclosed.
The first deal involves a strategic investment by PwC Middle East in Zero&One. The second deal involved the purchase of Applications Consulting Training Solutions (ACTS) by PwC US.
These are Technology M&A Deals #589 & 590 ChannelE2E has covered so far in 2022.
PwC makes two cloud consulting acquisitions
London-based PwC was formed in 1998 through the merger of Coopers & Lybrand. The company has 277,846 employees listed on LinkedIn. PwC’s areas of expertise include assurance, tax and advisory services, IT consulting, cybersecurity and managed security services.
PwC’s recent acquisitions include:
- Founded in 2017, Zero&One is based in Dubai, United Arab Emirates, with an additional office in Beirut, Lebanon. The company has 41 employees listed on LinkedIn. Zero&One areas of expertise include Cloud, AWS, Big Data, Blockchain, Cloud Migration, Disaster Recovery, Backup, Development, IaaS, SaaS, Machine Learning, Artificial Intelligence, High Availability, Fault Tolerance, Government Cloud, Smart City and IoT.
- ACTS employs 152 people and is based in Jacksonville, Florida. ACTS areas of expertise include cloud, Microsoft Azure, cloud engineering and technology solutions. The acquisition of ACTS will expand the reach of PwC’s cloud experience in financial services and accelerate the modernization of Microsoft cloud services across industries, the companies said.
PwC Acquisitions: Executive Perspectives
Commenting on Zero&One’s investment, Ali Hosseini, Chief Digital Officer and Partner, PwC Middle East said:
“Investing in Zero&One expands our cloud capability and existing offering at a time when AWS has committed to opening a number of AWS data centers in the United Arab Emirates. Investing in Zero&One, the first and only on-premises AWS Premier Partner in the Middle East, gives us the capability for end-to-end cloud transformation, from strategy to execution. With bilingual capabilities and a presence in the United Arab Emirates and Lebanon, we are confident that this investment will enable PwC to better serve customers in the region and open up new opportunities in terms of cloud migration, modernization and cloud-native services to explore.”
Ali El Kontar, President of Zero&One, commented:
“We are excited and honored to have PwC on board, especially given the hugely popular and in-demand attitudes around the services we offer, from cloud migrations to application modernization, DevOps, analytics and more, in addition to ours to be common focus on people-centric business. We are confident that this investment will allow us to offer even more to our customers while leveraging this opportunity to expand and scale across the region to support exponentially growing digital adoption.”
Matt Hobbs, PwC US Microsoft Practice Leader, commented on the acquisition of ACTS:
“We believe in the power of the cloud to unleash innovation and value – and deliver sustainable business outcomes. Industry-specific solutions are an important part of PwC’s cloud services strategy, which is why we are delighted to be working with James Farhat and the entire ACTS team. Our approach to Azure is industry cloud-first to help our customers solve their most pressing and critical challenges financial services organizations face every day.”
James Farhat, Founder and CEO of ACTS added:
“The cloud is constantly evolving, which means there’s a lot of opportunity for further innovation and advancement. I am incredibly proud of what we have built at ACTS and look forward to the next chapter. Together, PwC and ACTS will aim to help organizations accelerate innovation and accelerate their cloud journey, deliver strong outcomes for clients, and continue to be an industry leader across the financial services space and beyond.”
M&A activities of PwC
PwC remains active in the M&A market, acquiring a number of technology service providers, IT consultants, MSPs and cybersecurity companies. ChannelE2E maintains a regularly updated list of PwC’s acquisitions and investments and their areas of focus here.
Recently, PwC acquired Netrovert, a consulting firm focused on enterprise integration, primarily on the Salesforce MuleSoft platform. PwC acquired Venerate Solutions for Salesforce Cloud Consulting Expertise in June 2022. In May 2022, the company acquired ID-Consult/METUS and eilersconsulting for supply chain management. In April 2022, PwC acquired Pollen8, a technology consultancy focused on sustainability and green initiatives. In March 2022, the company acquired a minority stake in Cybus GmbH, an Industrial Internet of Things (IIoT) software company, and in January 2022 acquired SAP supply chain software expert Olivehorse.