Presence of IT and Deloitte join forces to create human capital powerhouse across Asia Pacific has been saved
Presence of IT and Deloitte join forces to create human capital powerhouse across Asia Pacific
NAYPYIDAW, 23 October 2019 - Professional services firm Deloitte announced today that the founders, Executive Leadership Team and employees of leading Human Resources transformation business, Presence of IT, will join Deloitte’s Human Capital Consulting practice.
The two firms already hold complementary leadership positions in the Human Capital Management (HCM) market and they will become the largest and most capable human capital and HR transformation team across every market in the Asia Pacific region, offering clients unrivalled depth and breadth of services, with end-to-end solutions in talent experience.
Presence of IT is a 20-year old, industry-leading Human Capital Management business recognised in the Asia Pacific region as a leader in HCM consulting and technology implementation. Headquartered in Sydney, Australia, with offices in seventeen locations across Asia Pacific and in the US, Presence of IT’s HCM professionals provide consulting, software and support services to help businesses improve their HR, talent, payroll and workforce management. It has market-leading skills and experience in advising clients on SAP, Oracle, PeopleSoft and Kronos transformation projects.
Across Asia Pacific, Deloitte currently has over 2,300 people in its Human Capital practice, offering market-leading advice and services to clients on transforming HR functions, workforces and organisations from a human capital perspective. Deloitte also has strong technology implementation experience, and is the market leader advising on Workday implementations.
Presence of IT’s two co-founders, David Brookes and Shaun Flannery, along with their co-CEO Shane Grobler, will join Deloitte’s Human Capital leadership team in Australia, as partners. Presence of IT’s approximately 600 employees will join Deloitte in Australia, Singapore, Thailand, Japan, China, Korea, New Zealand, Taiwan, India and the United States.
Deloitte Southeast Asia Chief Executive Officer, Philip Yuen, said: “ASEAN is one of the largest economic zones in the world. There is immense growth potential in this region, driven by labour-force expansion and productivity improvements. In Southeast Asia, we have experienced huge growth in demand for our human capital consulting services as companies strive to remain competitive in the changing landscape, adapting their organisations to meet global talent and business demands. This transaction will boost the capabilities of our practices in Southeast Asia to help our clients create new value and achieve transformational growth in and beyond the region.”
Deloitte Southeast Asia Consulting leader, Eugene Ho, said: “Our clients in Southeast Asia will greatly benefit from the combined strength of Deloitte and Presence of IT. I look forward to working with our new colleagues to deliver HR Transformation services, dedicated insights and research that will help our clients power innovation and prepare their workforce for the future. Together, we will deliver on our shared ambition to change the game for talent experience globally, working with our clients to shape a future work experience that’s human and engaging; with the potential to unlock innovation, spark creativity, and truly make an impact that matters.”
Deloitte Asia Pacific Consulting leader, Adam Powick, said: “I am really excited to welcome the team from Presence of IT to Deloitte. Presence of IT is an organisation we have worked with and alongside for many years and we have always greatly admired the quality of their people and the work they deliver for clients. Combining the strengths of our two organisations will provide clients across Asia Pacific with access to an unrivalled, world class team of Human Capital Management experts.
This is the first transaction of this scale since Deloitte formed its Asia Pacific firm just over a year ago. It enables us to accelerate our growth in the region and become the undisputed leader in Human Capital Management in every market. Now, our clients will be able to use one professional services firm to deliver both market-leading strategic advice, and a suite of industry-leading human capital management cloud technologies”
Presence of IT co-founder and CEO, Dave Brookes, said: “The future of work is all about how people feel, defined by the experiences they have when interacting with business and with customers. It is this joint passion for creating unrivalled talent experiences for our clients globally that positions us as the new undisputed leaders across the Human Capital marketplace.
Together, we generate end-to-end value with an extended global reach for our clients that is unlike anything in the market today. The combination of our people, our innovations and our shared vision for delivering simplified business experiences is the ultimate advantage in shaping the world of work now and for the future.”
Presence of IT co-CEO, Shane Grobler, said: “For over a decade, Deloitte and
Presence of IT have worked together on large-scale HR transformation programs for clients, with great success. We know and appreciate one another’s strengths; we share similar cultures and a common commitment to help our people and clients excel. We are both focused on building a truly engaging talent experience for those connected to our firms, to innovating the way we do things and striving for ongoing excellence. This is a story of two strong teams coming together to ignite exponential advantage, where the sum is truly greater than its parts.”
Terms of the transaction are confidential.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities. DTTL (also referred to as “Deloitte Global”) and each of its member firms and their affiliated entities are legally separate and independent entities. DTTL does not provide services to clients. Please see www.deloitte.com/about to learn more.
Deloitte is a leading global provider of audit and assurance, consulting, financial advisory, risk advisory, tax & legal and related services. Our network of member firms in more than 150 countries and territories serves four out of five Fortune Global 500® companies. Learn how Deloitte’s approximately 312,000 people make an impact that matters at www.deloitte.com.
Deloitte Asia Pacific Limited is a company limited by guarantee and a member firm of DTTL. Members of Deloitte Asia Pacific Limited and their related entities, each of which are separate and independent legal entities, provide services from more than 100 cities across the region, including Auckland, Bangkok, Beijing, Hanoi, Ho Chi Minh City, Hong Kong, Jakarta, Kuala Lumpur, Manila, Melbourne, Osaka, Shanghai, Singapore, Sydney, Taipei, Tokyo and Yangon.
© 2019 Deloitte Southeast Asia Ltd