KPMG will acquire Q.V. Technologies, the company announced this week, thereby strengthening its position as a leading technology solutions provider for Israel’s largest organization.
KPMG is one of the Big Four accounting firms, providing audit, tax, advisory, and technology services worldwide.
With a presence in over 140 countries, with 250,000 professionals. In Israel, it employs around 1,700 experts, including 100 partners, across five offices and R&D centers specializing in AI, cybersecurity, cloud, and data innovation.
Founded in 2009, Quantum Vision Technologies is an Israeli tech company that specializes in merging two complex fields: SAP systems, the most common enterprise software for large companies to manage resources and planning, and artificial intelligence, which streamlines processes and employee workflow in the cloud and cybersecurity sectors.
Q.V. Technology seeks to make complex business systems more user-friendly, optimized, and intelligent.
While the purchase price was not disclosed, industry officials estimated its value to be between NIS 10 and 20 million.
Acquisition to give company significant competitive advantage
This acquisition will give the company a significant competitive advantage as a "one-stop shop" - a single entity that provides all the services needed for complex technological projects. These services include strategic planning, practical implementation, process optimization, and generating an innovative user experience (UX) tailored specifically to SAP users across a broad client base in Israel and worldwide.
Eran Shalev, KPMG Israel’s managing partner, said the deal aligns with the firm’s innovation strategy “to lead through a state-of-the-art value proposition across a broad range of services and capabilities. We work alongside our clients to build the future - not just talk about it. This partnership places KPMG at the forefront of business innovation."
Ronen Argov, Q.V.'s founder and owner, expressed enthusiasm for joining KPMG’s global network: "We are excited to join the KPMG family. Combining our knowledge and experience with KPMG's global scale and strength is a substantial power multiplier, both in Israel and internationally.
The Q.V. acquisition follows KPMG Israel’s recent mergers with Karmi Knowledge, specializing in innovative learning and organizational development, and AL Consulting, an organizational consultancy.