Ernst & Young announces acquisition of Partake Consulting
Brussels, 26 May 2011 – Today Ernst & Young announces the acquisition of Partake Consulting. The acquisition results in marketleadership of Ernst & Young in the field of Enterprise Intelligence in Belgium, France and the Netherlands. Partake Consulting will be incorporated into the Advisory Services of Ernst & Young. Partake Consulting provides services in the growth segments of Enterprise Intelligence (budgeting, forecasting, reporting and analytics). The company was founded in 1998 and currently employs approximately 60 people. Partake Consulting is active in Belgium, France, England and the Netherlands.
Market leader in growth market
Thomas Sileghem, Advisory Services partner of Ernst & Young, comments: “Worldwide the field of Enterprise Intelligence (EI) is becoming more important. We notice the interest rising among our own clients as well. The integration of Partake Consulting will position Ernst & Young as a market leader in the field of EI in Belgium, France and the Netherlands. The services provided will leverage our activities aimed at supporting the CFO agenda and the ambitions for growth of our European organization.” Rudi Braes, Managing Partner elect of Ernst & Young Belgium says: “Anticipating new trends is the key to our success. It is our ambition to grow in all services we provide, but especially for advisory we see important opportunities. Other than the biggest audit organisation Ernst & Young also wants to be the most important advice provider in the Belgian business market.
Partake Consulting provides advisory services to a large number of high-profile companies. Berry Diepeveen, member of the management team of Partake Consulting, says: “The acquisition will instantly catapult us to a top position in several countries. For our clients the unbeatable combination of our competencies provides a total package in the field of EI. They ask for integrated solutions, facing challenges in the field of performance management. Being part of the Ernst & Young organization enables us to extend the services that we offer to our clients. This results in splendid prospects for growth not only for our organization, but for our staff as well. This will widen their scope of activities and enhance their career opportunities.”
Positive effect on staffing
The day-to-day management of Partake Consulting is currently in the hands of a management team consisting of three individuals who will assume responsibility, together with the IT Advisory Services Leader of Ernst & Young. With the Partake Consulting staff joining Ernst & Young, the Belgian team will be active in our internationally integrated structure (EMEIA) and will therefore create additional employment in Belgium.