EY acquires Q-Core Consulting

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EY has announced that it has acquired Q-Core Consulting, a Johannesburg based Financial Services consulting firm. Ajen Sita, CEO for Africa at EY confirms that this move is in line with the firm’s sector-based growth and investment strategy.

"Q-Core has a wealth of experience in transactional banking and the ability to rapidly prototype new Financial Services solutions in the innovation cycle. This will allow us to complement our existing service offerings by bringing world-class solutions to our Financial Services clients across the continent,” says Sita.

Q-Core services the retail, business and corporate banking areas of most major South African banks. The organisation offers process and technology consulting solutions to enable clients to optimise revenue and minimise costs helping them deal with the economic and structural challenges of doing business in Africa.

“Being part of EY will give us access to a global network of Financial Services professionals and clients. It will empower us to supplement our existing offerings to our clients with leading practice, scale and an enhanced value proposition,” comments Hendrik Geyser, MD of Q-Core. We believe that the banking industry across the African continent will benefit from our joint capability.”

About EY

EY is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 152,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.

EY refers to the global organisation of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. This news release has been issued by EYGM Limited, a member of the global EY organisation that also does not provide any services to clients.

Following on from EY’s successful integration in 2008 of 87 countries into one area from across Europe, Middle East, India and Africa (EMEIA), the firm has launched its Africa Business Center™ (ABC), which aims to enhance the effective and efficient links between its geographic reach and areas of expertise. The firm enjoys representation in 33 countries across Africa.

Web: www.ey.com/za