Dive Brief:

• KPMG has entered into an agreement with Towers Watson, a talent and human capital professional services organization, to acquire the latter's Human Resources Service Delivery (HRSD) practice, the company said in a news release.
• Through this transaction, KPMG, together with other member firms of KPMG International, will be acquiring Towers Watson's HRSD practice resources in the United States, United Kingdom, China, Hong Kong, Canada, Singapore, and the Philippines.
• The acquisition marks KPMG's sixth transaction in the HR transformation space in the past four years. In addition to Towers Watson's HRSD practice, the firm has acquired EquaTerra, Optimum Solutions, The Hackett Group's Oracle Enterprise Resource Planning practice, Zanett Consulting Solutions, and the Workday practice of Axia Consulting. 

Dive Insight:

Last week, insurance brokerage firm Willis announced it was merging with Towers Watson, creating an $18 billion market value firm called Willis Towers Watson. With the recent KPMG announcement, it's clear that Towers Watson's HRSD practice was not part of that deal.

Towers Watson's HRSD practice has supported a substantial number of Workday implementations during the past seven years. The practice was also named a Workday Consultant of the Year in 2009 and 2010, and recently was named to the Winners Circle in the inaugural HfS Blueprint Report for Workday Services.

"Towers Watson has built a strong capability in the HR service delivery and Workday deployment area," said Max Caldwell, managing director of the company's Data, Surveys & Technology line of business. "As our focus in this business shifts to growth of Towers Watson's proprietary HR software solutions, we are pleased the HRSD practice will continue to thrive at KPMG." Financial terms of the agreement were not disclosed. The consolidation beat goes on.