PwC acquires IT firm Mokum
Big 4 firm PWC has acquired IT Consultancy Mokum. Mokum currently have 160 members of staff in their London and Manchester offices. These staff will now join the Big Four firm, with two of them made partner.
Mokum specialises in Oracle applications implementation, managed services and related software. The deal was signed on 13 February and is expected to be formally completed in March, subject to regulatory and independence compliance.
This is another step for the Big 4 firm in its effort to include technology in its services, after increasing demand from its clients for technology expertise in order to support business transformation programmes.
Executive board member and head of consulting for PwC UK Ashley Unwin said: “From banking to retail, many of our clients are facing major challenges which require them to transform how they do business, and technology is key to this. The acquisition of Mokum is central to us helping companies with this journey.
“The deal complements our current Oracle capability which, combined, will comprise one of the largest Oracle technology practices in Europe. Mokum has a strong market position and brand which will allow us to continue to build our market share and considerably grow our revenues in this highly competitive space.”
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