Business Services Industry
KPMG Consulting and Oracle Corporation Intend to Form Strategic Alliance for Financial Services Industry
Business Wire, March 16, 1998
NEW YORK--(BUSINESS WIRE)--March 16, 1998--
Joint Agreement Slated to Offer Clients Strategy, Operations
and Technology Customer Centric Consulting Services
KPMG Consulting, a part of KPMG Peat Marwick LLP, and Oracle Corporation today announced a strategic alliance between KPMG Consulting's Financial Services practice and Oracle's Financial Services vertical industry organization.
The alliance agreement addresses the specific business and technology needs of clients in all segments of the financial services industry, including banking, investment services, insurance, mortgage, real estate and diversified financial services. Under this alliance, the financial services arms of the two organizations will team to provide clients with creative business strategies and solid results-oriented implementation support.
The firms intend to join forces to market and develop products to provide collaborative solutions to joint clients. Scope of service offerings is anticipated to include:
-- Business Strategy
-- Systems Integration
-- Business Process Reengineering
-- Change Management
-- Data Warehousing, Modeling, Mining
-- Market Research
-- Call Center Deployment
-- Sales Force Automation
-- Profitability Measurement
-- Operational Design
"Our recent realignment to industry-focused vertical markets spurred us to search for an alliance colleague who has a large, dedicated practice in financial services," said Steve Perkins, senior vice president, Worldwide Financial Services at Oracle. "KPMG Consulting's Financial Services practice has extensive knowledge of the business issues in each of the financial services segments. Their experience combined with our leading-edge software products and services will provide financial services clients with the tools needed to become information-powered institutions."
With the industry's focus shifting from products to customers and customer behavior, financial institutions need dependable, powerful information tools and systems coupled with strong implementation support to facilitate the movement towards customer centric management strategies.
"As a premier provider of software for information management, Oracle is positioned to provide the continuous enhancements necessary to meet the evolving needs of today's financial institutions," said William McGee, national leader of KPMG Consulting Financial Services. "Together, Oracle and KPMG Consulting will form a powerful team that will formulate new value propositions for our financial services clients and bring them closer to their customers."
KPMG Consulting's Financial Services practice has more than 1,000 professionals in the U.S. who provide strategic and tactical consulting to organizations in all segments of the financial services industry, as well as the financial service arms of non-financial companies. The firm's market-focused structure enables it to create integrated delivery teams that seek to provide responsive, comprehensive solutions that link strategy with practical results.
About KPMG
KPMG Consulting is part of KPMG Peat Marwick LLP, the U.S. member firm of KPMG International, a leading professional services firm. In the U.S., KPMG partners and professionals provide a wide range of accounting, tax and consulting services. As one of the foremost providers of information-based value added services, KPMG serves clients with complex needs by capturing, managing, assessing and delivering information to create knowledge that will help maximize shareholder value. KPMG International has more than 6,500 partners and 85,300 professionals in 153 countries and $9 billion in annual revenues. KPMG Consulting's Web site is: http://www.us.kpmg.com/consulting.>Trademarks
Oracle is a registered trademark of Oracle Corp. All other products or company names mentioned are used for identification purposes only, and may be trademarks of their respective owners.
CONTACT: The Weber Group for KPMG Consulting
Allison Hyder or Claire Polizzi, 617/661-7900
or
Avalanche Public Relations
Sean Essex, 650/858-3744
or
Oracle Corporation
Carol Shen Sato, 650/633-5551
or
The Stephenson Group
Karen Houston, 805/772-9130
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