Global accounting firm KPMG has acquired the Seattle-based tech consulting firm The Arnold Group.
The companies announced the acquisition on Thursday, and the deal closed at the start of the year. The Arnold Group's 21 employees are all joining KPMG through the acquisition, according to a KPMG spokesperson.
"Having The Arnold Group join KPMG is directly aligned with our overall growth strategy and vision for the future, a perfect fit for where our firm is headed," Carl Carande, vice chair of advisory for KPMG, said in a release. "We are now even better positioned to devise and deliver innovative and holistic transformation programs."
The companies are not disclosing the financial terms of the deal.
The Arnold Group will not keep its brand after the acquisition, instead transitioning fully to the KPMG brand, the spokesperson said.
The Arnold Group focuses on business-to-business tech companies. Its services include pricing, marketing and monetizing products, among others. The Arnold Group counts among its clients Amazon Web Services, Dell and Microsoft.
KPMG offers tax and audit services, in addition to its advisory services. The advisory division provides services in digital acceleration, risk assurance and supply chain, among others. KPMG, whose U.S. headquarters is in New York City, says it works in 143 countries and has more than 265,000 employees.
In May, KPMG moved into a 36,000-square-foot space in downtown Seattle's Rainier Square tower. The firm previously occupied a 52,000-square-foot space at 1918 Eighth in the Denny Triangle, but that lease expired in March, and the firm didn't need as much space with more people working from home. KPMG had about 690 employees in the Seattle area as of November, according to Amy Banovich, managing partner of the Seattle office.
