KPMG acquires Rainmaker Labs’ businesses in Singapore and Vietnam
KPMG acquires Rainmaker Labs
Offer clients an end-to-end, mobile-first approach to digital innovation and transformation
KPMG in Singapore today announced the acquisition of the Singapore and Vietnam businesses of Rainmaker Labs, a Singapore headquartered enterprise mobile application (app) developer and consultancy.
This acquisition is part of KPMG’s commitment and investment to bolster its capabilities and offer clients a mobile-first, end-to-end suite of digital solutions ranging from creation and development to the deployment of digital platforms and applications in Southeast Asia.
KPMG’s move will serve businesses capitalising on the transformative opportunities provided by digital and mobile technologies and seeking regional growth opportunities. It will also enhance KPMG’s capabilities in mobile, cloud services, managed services and digital ledger (blockchain), augmenting the firm’s existing digital capabilities.
Mr. Ong Pang Thye, Managing Partner at KPMG in Singapore says, “We are really excited about the opportunities that this acquisition presents. It firmly plugs us into the opportunities of the ASEAN digital economy in serving our local and multinational clients.”
Mr. Ong adds, “This acquisition primes us to scale our in-house digital capabilities and increase our bench strength in digital innovation, co-creation and solutions deployment, creating a powerhouse of end-to-end digital transformation services and enterprise solutions.”
Mr. Alex Leong, co-founder of Rainmaker Labs said: “Rainmaker Labs and KPMG share the same vision, have an established chemistry and a history of collaborating on digital projects with successful outcomes. This history has laid a solid foundation for an integration. By working alongside KPMG’s adjacent consulting pillars and its wide geographical footprint, we will continue to help clients embrace digital and mobile enablement as a key building block of their integrated business transformation.”
Financial terms of the acquisition will not be disclosed.