24/11/2009 09:30

PricewaterhouseCoopers LLP (PwC) is pleased to announce the acquisition of corporate performance management (CPM) business Paragon Consulting Group. The group will become part of PwC Advisory’s consulting business with immediate effect.

As a result of the acquisition, PwC will now be able to leverage the CPM expertise of over 90 people within the teams based in the UK, Turkey and Singapore, as well as the joint venture in Dubai. Over forty staff have joined PwC in the UK.

Ashley Unwin, head of consulting, PricewaterhouseCoopers LLP, said:

“We are delighted to announce the acquisition of Paragon Consulting Group. Paragon is a leader in corporate performance management technology and this acquisition is an excellent strategic fit with our consulting business.

“We already offer our clients corporate performance management capabilities, but this acquisition means that we can enhance our offering, giving clients full-service – from ideas to implementation – of corporate performance management systems.”

Richard Wyles, managing director, Paragon Consulting Group, said:

“We are really excited that we will be able to continue to deliver excellence in performance management, but look forward to new opportunities for us to enrich our skills and experiences, to extend our relationships and make a significant contribution to growing the consulting business.”

Ashley Unwin, head of consulting, PricewaterhouseCoopers LLP, said:

“The economic upheaval in the past year has shown organisations the imperative of having access to the information they need to make business-critical decisions. Corporate performance management systems aim to help companies marshall essential information, often from across complex organisations, and access it at short notice. It helps them ensure that they can lead their people and continue to stay ahead in challenging economic times.”

ENDS

PwC’s Consulting business had revenues in 2008 of 201m (£181m in 2007) and employs more than 1,100 people, working with leading private and public sector clients to deliver significant and enduring improvements in performance and profitability.

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