London, Aug 11, 2020: Keytree announced today Deloitte’s intent to acquire its business and assets. Keytree’s workforce will integrate into the firm’s consulting practice on deal completion. Keytree’s skills and expertise will bolster Deloitte’s implementations of SAP S/4HANA, SAP Customer Experience, SAP SuccessFactors and SAP Cloud Platform, supporting clients with their key digital transformation strategies, growth and success in the years ahead.
Working with Deloitte, Keytree will extend its reach to work across Deloitte’s global network. Combining their capabilities will create the largest SAP-enabled digital transformation practice in the UK. This will allow Deloitte and Keytree to extend their capacity to support customers as they embark on significant digital transformation projects.
The business and assets acquisition will enable both organisations to rapidly increase the size of their existing SAP business, substantially increasing the numbers of experienced consultants and putting them in the best possible position to support an ever larger customer base. The deal adds breadth and depth to their capabilities including Core SAP, Digital SAP Technologies, Cloud, Run and Products and at the same time enhances and expands their skill set across User Experience, Internet of Things (IoT), and bespoke applications.
On making the announcement Keytree CEO, Dan McNamara commented: “The skills, size and scale of our team has grown quickly over the past 14 years. Combining our business and people with the brilliant team at Deloitte and fusing the firm’s rigorous technology and data expertise with our own will ensure that we are able to operate and innovate at an even larger global scale and be in the best position possible to support our clients when they need us most.”
Tim Kyle, managing director of Keytree, added: “This is an exciting time for Keytree as we build on the success we have experienced over the last 14 years. Both companies share similar cultural and business values and by working together in the future, we will be in a position to deliver solutions for our customers that will overcome significant business challenges, drive digital innovation and continue our commitment to positively impact the communities in which we operate.”
Richard Houston, senior partner and chief executive of Deloitte UK, said: “The UK has played host to many of the world’s most significant technology advancements, bringing huge benefits to the country’s economy and the skills of its workforce. We believe that beyond COVID-19, investment in technology will be a critical catalyst for the recovery of UK businesses. Being digitally-connected has never been more important. Organisations of every size need to find new ways to thrive post COVID-19 and digital transformation programmes will be right at the heart of this. Bringing together our scale and Keytree’s expertise and entrepreneurial spirit will help our clients to ensure these critical programmes support their long-term success. We’re looking forward to welcoming the Keytree team into our firm once the deal completes.”
Rob Cullen, partner and leader of Deloitte’s enterprise technology practice, added: “Bringing together Keytree’s market leading capabilities in SAP digital design and innovation with our own will give clients an unrivalled breadth and depth of expertise as they transform the functions at the heart of their businesses. This will significantly boost the ways that we can transform our clients’ digital core operations and the experience of their customers and employees as they continue to adapt to new ways of working. Teams from Deloitte and Keytree have collaborated for a number of years to support clients and I am excited by the prospect of accelerating Keytree’s growth when it becomes a Deloitte business.”
Anne-Marie Malley, managing partner for consulting at Deloitte, concludes: “Our clients are increasingly calling on us to re-imagine their businesses in the digital era. By joining with Keytree, we will bring new possibilities to our client’s digital transformation strategies, enhancing the impact they bring to the market, the products they launch and the experiences of their employees and customers at a global scale. Digital innovation will continue to act as the North Star for our clients’ businesses in years to come; through working together with Keytree we can ensure they are supported by market-leading expertise and capabilities throughout every new digital initiative.”