DUBAI, June 23, 2015 /PRNewswire/ -- EY today signed a conditional agreement to acquire Integrc, a privately owned, leading provider of governance, risk and compliance (GRC) services to companies that run SAP. The acquisition, expected to complete in August,1 will help cement EY's position as an industry leader in SAP GRC services by further enhancing its end-to-end offering — from strategy to technology implementation.
Integrc's team of consultants, based in the Netherlands, UK, India and the UAE, specialize in the full lifecycle of GRC consultancy and support services, including SAP GRC operations, audit, strategy and planning, implementation, operational control and fully managed services. Upon closing, the deal will help provide clients new powerful proposition in the field of GRC and help them address big, complex issues in this area.
Jonathan Blackmore, EY Advisory Risk Leader, Europe, Middle East, India and Africa, says:
"Integrc has unique and differentiating technology and industry insight, and we look forward to welcoming their highly skilled people into EY when we complete. Through our global alliance with SAP, we already co-create fit-for-purpose GRC technology solutions and advanced risk analytics capabilities. With this acquisition, we will be able to provide a world-class set of solutions to help our clients' GRC operations work better."
Gerard Gallagher, EY MENA Advisory Leader, says:
"We are really excited about the opportunity this transaction gives us to offer truly transformational and innovative risk services to our clients. SAP GRC is one of the main focus areas we have chosen to drive growth in our risk solutions. This acquisition will also enhance our ability to integrate many of our existing risk services onto a digital platform and create lasting value for our clients."
Acquisitions and alliances are an important part of EY's overall Vision 2020 growth strategy. Over the last two years, EY's Advisory business has made a series of targeted acquisitions to complement existing services and offerings. The deal brings EY valuable GRC intellectual property assets and complementary advisory sector expertise, enabling EY to offer an enhanced GRC client offering in terms of both business strategy and technology implementation.
Michael Green, EY MENA Risk Leader, says:
"With this acquisition, EY will have the largest MENA based SAP GRC specialized team among the other consultancy organizations, gaining immediate access to the largest resource pool in SAP GRC in EMEIA and strengthening our alliance with SAP."
Martyn Proctor and Werner van Haelst, Integrc's Joint Managing Directors, said:
"We've inspired some of the world's leading and most responsible companies to break new ground with GRC. With EY we now have the opportunity to do this on a much bigger stage. Our SAP expertise and innovative approach is a perfect fit with EY's trusted brand, so this announcement is exciting news for customers."
The acquisition is expected to complete in August, subject to certain conditions being met. The terms of the deal were not disclosed.
Notes to Editors
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About EY Advisory
In a world of unprecedented change, EY Advisory believes a better working world means solving big, complex industry issues and capitalizing on opportunities to help deliver outcomes that grow, optimize and protect clients' businesses.
From C-suite and functional leaders of Fortune 100 multinationals to disruptive innovators and emerging market small and medium sized enterprises, EY Advisory teams with clients — from strategy through execution — to help them design better outcomes and deliver long-lasting results.
A global mindset, diversity and collaborative culture inspires EY consultants to ask better questions. They work with the client, as well as an ecosystem of internal and external experts, to co-create more innovative answers. Together, EY helps clients' businesses work better.
Integrc is the world's largest SAP GRC specialist providing consulting and managed services to many leading multinational companies. Through our award-winning RouteONE portfolio, we help our clients maximise the value of SAP GRC to improve their business performance.
We do this by delivering projects faster and more efficiently, by ensuring end-user adoption and by providing continuous improvement and innovation. Headquartered in the Netherlands, Integrc operates from a number of locations across the world including the UK, India, the Middle East and Africa. Visit www.integrc.com and follow us on Twitter @GRCIntegrc
1 The acquisition is expected to complete in August, subject to certain conditions being met.