NEW YORK, Aug. 17, 2015 /PRNewswire/ -- KPMG today announced the completion of its acquisition of the Human Resources Service Delivery (HRSD) practice of Towers Watson, a leading talent and human capital professional services organization. The closing follows the July 9, 2015 announcement of the transaction.
After the close, Stephen N. Chase, U.S. Management Consulting leader of KPMG's Advisory practice, said, "The combination of our global HR transformation teams solidifies our position as a top-tier HR strategy, transformation and Workday HCM (human capital management) partner. This acquisition enables us to help the world's leading companies address their most challenging HR issues."
Liz DeVito, Associate Director and Lead for HR Consulting Research at Kennedy Consulting Research & Advisory, said, "This is a coup for KPMG, which has been making great strides in the HR transformation consulting space over the last few years. Overall, the deal adds tremendous value to KPMG's People & Change practice. TW's deep HR function expertise, years of experience providing HR transformation consulting, long-term partnership with Workday, and internal Workday implementation team of cross-functional specialists create a compelling mix of traditional HR consulting and technology-led innovation in this segment of the HR consulting space."
About KPMG LLP
KPMG LLP, the audit, tax and advisory firm (www.kpmg.com/us), is the U.S. member firm of KPMG International Cooperative ("KPMG International"). KPMG International's member firms have 162,000 professionals, including more than 9,000 partners, in 155 countries.
SOURCE KPMG LLP