KPMG Capital Formed to Accelerate Innovation in Data and Analytics

New York (ots/PRNewswire) -

Investment fund will support partnerships and acquisitions, to
help KPMG firms' clients unlock tangible value of their data

Recent KPMG survey shows 96 percent of businesses not managing
data effectively

KPMG International today announced the formation of KPMG Capital
[http://www.kpmg.com/global/en/go-beyond/kpmg-capital/pages/default.a
spx?utm_medium=press%E2%80%90release&utm_campaign=2013-com-beyond&utm
_source=external&utm_content=gbl+2013+nov+11+2 ] , a new investment
fund created to accelerate innovation in data and analytics (D&A)
that will help clients of member firms unlock tangible value of their
'big data'.

KPMG Capital [http://www.kpmg.com/global/en/go-beyond/kpmg-capita
l/pages/default.aspx?utm_medium=press%E2%80%90release&utm_campaign=20
13-com-beyond&utm_source=external&utm_content=gbl+2013+nov+11+3 ]
will support technology partnerships, strategic alliances and the
recruitment of top talent to create new D&A solutions. With these
capabilities, KPMG member firms will help clients solve critical
business challenges in such areas as new revenue streams, risk
management and cost optimization

The use of D&A has become a critical business priority as
companies try to derive value from the vast amounts of data now
available to them. A new KPMG survey of business leaders from many of
the world's leading companies found that while 69 percent see D&A as
strategically important to their current growth plans, an
overwhelming 96 percent believe their company is not currently using
D&A effectively.

"Our new research shows that business leaders recognize the
tremendous importance of D&A to business growth but feel they need
more support to develop effective solutions," said Mark Toon, CEO of
KPMG Capital and global lead for KPMG's D&A practice. "KPMG Capital [
http://www.kpmg.com/global/en/go-beyond/kpmg-capital/pages/default.as
px?utm_medium=press%E2%80%90release&utm_campaign=2013-com-beyond&utm_
source=external&utm_content=gbl+2013+nov+11+4 ] will enable us to
develop or acquire opportunities in D&A quickly. Through
partnerships with technology and service providers, strategic
partners and other third parties, we aim to accelerate innovation in
D&A to bring potential solutions to clients - and to the market -
faster."

Mr. Toon continued: "With more data produced and stored in the
last two years than in the rest of human history, many businesses are
looking for strategic and practical solutions to manage the volume,
velocity and variety of this data revolution. KPMG Capital [http://ww
w.kpmg.com/global/en/go-beyond/kpmg-capital/pages/default.aspx?utm_me
dium=press%E2%80%90release&utm_campaign=2013-com-beyond&utm_source=ex
ternal&utm_content=gbl+2013+nov+11+5 ] will lead the way in
addressing the challenge of the three 'v's."

Addressing business challenges: innovating through partnerships

KPMG Capital's [http://www.kpmg.com/global/en/go-beyond/kpmg-capi
tal/pages/default.aspx?utm_medium=press%E2%80%90release&utm_campaign=
2013-com-beyond&utm_source=external&utm_content=gbl+2013+nov+11+6 ]
Toon believes the most successful companies will be those not merely
collecting the data, but those that can distill data and translate
it to insightful business guidance.

"Too many companies still see big data principally as a technology
issue, when it really is a business issue across all industries," he
said. "We're helping companies look at their data differently and
turn it into value."

Investment will be made in a number of critical business areas
including enhancing business flexibility; finance; regulation and
compliance; improving workforce productivity; and customer and
revenue growth. KPMG Capital [http://www.kpmg.com/global/en/go-beyon
d/kpmg-capital/pages/default.aspx?utm_medium=press%E2%80%90release&ut
m_campaign=2013-com-beyond&utm_source=external&utm_content=gbl+2013+n
ov+11+7 ] will work to develop solutions that will focus on growth
sectors such as healthcare, financial services, energy and
telecommunications.

KPMG Capital's [http://www.kpmg.com/global/en/go-beyond/kpmg-capi
tal/pages/default.aspx?utm_medium=press%E2%80%90release&utm_campaign=
2013-com-beyond&utm_source=external&utm_content=gbl+2013+nov+11+8 ]
aim is to invest in, partner with and acquire organizations that
specialize in data and analytics tools and assets. Combining that
expertise with the KPMG network's global reach, existing D&A
capabilities and deep insights, KPMG Capital [http://www.kpmg.com/gl
obal/en/go-beyond/kpmg-capital/pages/default.aspx?utm_medium=press%E2
%80%90release&utm_campaign=2013-com-beyond&utm_source=external&utm_co
ntent=gbl+2013+nov+11+9 ] will work to unlock new thinking to address
the most pressing business challenges and deliver new solutions to
market more quickly.

"KPMG Capital [http://www.kpmg.com/global/en/go-beyond/kpmg-capit
al/pages/default.aspx?utm_medium=press%E2%80%90release&utm_campaign=2
013-com-beyond&utm_source=external&utm_content=gbl+2013+nov+11+10 ]
will enable a nexus for the world's best thinking in data and
analytics," said Michael Andrew, Chairman of KPMG International.
"D&A is part of our heritage, but with the fast pace of technology
and globalization, clients want deeper insight more quickly. KPMG
Capital's [http://www.kpmg.com/global/en/go-beyond/kpmg-capital/page
s/default.aspx?utm_medium=press%E2%80%90release&utm_campaign=2013-com
-beyond&utm_source=external&utm_content=gbl+2013+nov+11+11 ]
structure will allow us the flexibility to commercialize solutions
which our global network of professionals can use to help business
leaders harness the right data, analyze it and translate it into
value. This is a transformative step for the future of KPMG's member
firms as well as for clients' businesses."

About the survey The KPMG survey was conducted in August 2013 by
FT Remark on behalf of KPMG International. FT Remark interviewed 144
CFOs and CIOs from multinational companies with annual revenues of
US$1 billion or more. A full report will be available in late
November 2013.

About KPMG Capital [http://www.kpmg.com/global/en/go-beyond/kpmg-
capital/pages/default.aspx?utm_medium=press%E2%80%90release&utm_campa
ign=2013-com-beyond&utm_source=external&utm_content=gbl+2013+nov+11+1
2 ] KPMG Capital is an investment fund which is not open to third
party investment, and which will not itself provide professional
services to clients. It is legally distinct and separate from KPMG
International Cooperative and each other KPMG member firm.

About KPMG International

KPMG is a global network of professional firms providing Audit,
Tax and Advisory services. We operate in 156 countries and have
152,000 people working in member firms around the world. The
independent member firms of the KPMG network are affiliated with KPMG
International Cooperative ("KPMG International"), a Swiss entity.
Each KPMG firm is a legally distinct and separate entity and
describes itself as such.

For further information:

Jennifer Samuel
KPMG International
+1-416-451-8185
jsamuel@kpmg.ca

Brian Bannister
KPMG International
+44-7919-393753
brian.bannister@kpmg.co.uk

Kim Metcalfe
ZENO Group for KPMG Capital
+1-312-396-9797 (office)
+1-312-802-0211 (cell)
Kim.metcalfe@zenogroup.com

ots Originaltext: KPMG International LLP
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