KPMG has formed a global fund to invest in data and analytics businesses via strategy acquisitions and technology partnerships, it announced today.
KPMG Capital will be wholly owned by the professional services and auditing firm, and headquartered in London.
The fund aims to identify, innovate and accelerate the rapid delivery of data and analytics offerings to clients in areas such as risk management and cost optimisation.
Further areas the fund will invest in include finance, regulation and compliance, and workforce productivity, while will help develop solutions for growth sectors such as healthcare, financial services, energy and telecommunications, KPMG revealed.
“We were quick to support Tech City with a permanent base, and we’re going to stay ahead in delivering the extraordinary potential of data and analytics to our clients,” said Simon Collins, UK Chairman of KPMG.
“For a major company to harness this we have to be more agile – co-investing, sponsoring and partnering at early stages, and encouraging technology entrepreneurs to be bold. KPMG Capital gives us the dedicated funding and flexibility to do this.”