(12-Jan-10) PricewaterhouseCoopers Canada has purchased MTS Allstream Inc.’s non-telecom IT consulting business in a move aimed at rebuilding its IT consulting business.
In addition to a slew of client contracts, the acquisition will bring PwC Canada 180 new employees from MTS Allstream’s professional services consulting group, including those specializing in enterprise apps, IT management, systems integration, and project management.
The history behind the acquisition might actually date back to 2002 and a deal which saw IBM Corp. pay US$3.5 billion to buy up PwC Consulting and its 30,000 consulting professionals. The massive acquisition also came with a five-year non-compete clause, which ended in 2007.
Nigel Wallis, a research director for IDC Canada Ltd., said that with the non-compete agreements now expired, PwC’s global subsidiaries are working to slowly rebuild its consulting business through acquisitions.