KPMG Singapore adds local mobile app consultancy Rainmaker Labs

27 March 2018 2 min. read

KPMG in Singapore has picked up the local and Vietnam divisions of mobile app development consultancy Rainmaker Labs in a rare move for the Big Four firm.

In an effort to bolster its digital solution capabilities, the Singaporean branch of Big Four professional services firm KPMG has announced the acquisition of the Singapore and Vietnam operations of Rainmaker Labs – an Asia Pacific consulting leader in mobile applications development and enterprise mobility solutions.

Founded in 2011 (and given a boost in 2013 when a client enquired of the firm if it could provide them with a mobile application), Rainmaker Labs has since partnered with some of the world’s leading tech names such as IBM, SAP, Microsoft, Amazon Web Services and Oracle to deliver enterprise mobility and other solutions across a broad range of industries, including the engineering, telecom, healthcare, automotive, energy, manufacturing and financial services sectors.

Now, KPMG has moved to harness the Singapore-based firm’s expertise to strengthen its own offerings in the service of digital business transformation and the pursuit of regional growth, allowing for 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 Singapore acquires Rainmaker Labs“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” Managing Partner of KPMG in Singapore Ong Pang Thye said. “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.”

Alex Leong, Rainmaker Labs co-founder, said in response; “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.”

According to KPMG, the acquisition – which has been reported as the first in recent years for its Singapore practice – will also enhance the Big Four firm’s capabilities in mobile, cloud services, managed services and digital ledger (blockchain), indicating an increased focus on the digital realm. Currently, the firm offers services in areas such as advanced analytics, digital consulting, innovation ventures, and insights through its especially established Digital Lab in Singapore.