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Send  Share  RSS  Twitter  04 Jul 2014

VENTURES: EY Acquires 8th Man Consulting (Pty) Ltd

 





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EY has announced, in Johannesburg, that it has acquired 8th Man Consulting (Pty) Ltd, an Oracle Enterprise Performance Management consulting firm. Ajen Sita, CEO: Africa at EY confirms that this move is in line with the firm’s growth strategy and investment plan in Africa.

“The unique combination of 8th Man’s skills, experience, energy and passion together with EY’s leading IT Advisory practice across the African continent will further enable the delivery of high-value solutions to our clients,” says Sita.

8th Man Consulting specialises in Oracle applications addressing financial consolidation, budgeting, planning and analytics activity. They are the largest independent services provider in this field in Africa, operating across all industries. The expertise of their people ranges from finance process and performance management, to industry-leading EPM software solutions.

“This exciting development will not only provide our people with significant career and knowledge opportunities, but will allow us to address the increasing demand for leading IT consulting services across Africa through EY’s established geographic footprint” comments Adrian Van Der Merwe, founder and CEO of 8th Man Consulting.

A recent survey on the Sub-Saharan Africa (SSA) consulting market by Kennedy Consulting Research and Advisory found that EY’s “integrated model not just across geography but across consulting service lines as well, allows the firm to address client issues rather than narrow consulting domains. In a region such as SSA, where client needs can be unique and unusual (by North American or European standards), this approach has great value.”* The combination of 8th Man and EY will significantly strengthen this position further.

The acquisition was effective 1 July 2014.


 
 
 
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