KPMG, a Netherlands-headquartered audit firm, has formed KPMG Capital, a London-based, wholly owned investment fund that will invest in global data and analytics businesses via acquisitions, partnerships and other ways. The fund’s focus will include risk management and cost optimization.
Simon Collins, UK chairman of KPMG, said: “We’re going to stay ahead in delivering the extraordinary potential of data and analytics to our clients. Technology isn’t following the old rules – innovation is happening in universities, in small informal businesses and through curious individuals. 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.”
Mark Toon, chief executive officer of KPMG Capital and global lead for KPMG’s Data & Analytics practice, said: “With more data produced and stored in the last two years than in the rest of human history, many businesses are looking for strategic and practical solutions to manage the volume, velocity and variety of this data revolution. KPMG Capital will enable us to develop or acquire opportunities in data and analytics quickly. Through partnerships with technology and service providers, strategic partners and other third parties, we aim to accelerate innovation in data and analytics to bring potential solutions to clients – and to the market – faster.”