Ernst & Young Limited has acquired New Zealand-based Red Moki. Financial terms of the deal were not disclosed.
This is technology M&A deal number 884 covered by ChannelE2E so far in 2022. See more than 2,000 technology M&A deals involving MSPs, MSSPs, and IT service providers listed here.
EY acquires ServiceNow Partner Red Moki
Ernst & Young, founded in 1989, is headquartered in London, England. The company has 355,764 employees listed on LinkedIn. EY’s areas of expertise include advisory, assurance, tax, transactions, audit, mergers, M&A, financial services, accounting, professional services, law, technology, consulting, data, innovation, strategy, legal , digital transformation, legal, growth and managed services.
Red Moki, founded in 2017, is based in Auckland, New Zealand. The company has 89 employees listed on LinkedIn. Red Moki’s areas of expertise include ServiceNow, SaaS, ITSM, CMDB, customer service management, security operations, human resources, project delivery, BAU support, ITOM, ITIL, application development and implementation CI/CD. Widely recognized as a top-tier specialist in the ServiceNow technology platform, Red Moki’s operations span Australia, New Zealand and India, deploying solutions that help manage intelligent automated flows of work.
The acquisition will expand EY’s footprint and its ServiceNow expertise to more industries and specialized workflows.
EY acquires Red Moki: Executive Perspectives
Rich Macfarlane, technology consulting partner, EY New Zealand
Greg Woolley, CEO, Red Moki
Rich Macfarlane, technology consulting partner at EY New Zealand, said:
“We are experiencing unprecedented growth in ServiceNow demands from our clients. The Red Moki team will expand our footprint and expertise in the region and deliver valuable client results. We have known the Red Moki team for many years and have been very impressed with their work, so the decision to ask them to join EY was an obvious one. Their vision and growth plans are fully aligned with ours and they will play a key role as we grow this business together.”
Red Moki CEO Greg Woolley added:
“I am excited about the opportunities that joining EY will create for the Red Moki team and our clients. By joining forces with EY and accessing their global resources and expertise, we will be able to take the service we provide to our clients to the next level and deliver true digital transformation in both business domains and technology.”
Simon O’Connor, managing partner of EY New Zealand, said:
“I am delighted to welcome Greg and the Red Moki team. EY aims to be the leading transformation partner for clients in New Zealand and overseas, and the additional capabilities the Red Moki team brings will help us deliver technology-enabled transformations to our clients . The EY-ServiceNow Alliance is already unlocking significant value for our clients across industries, delivering workflow innovation and improving the employee experience in areas such as HR service delivery , Customer service delivery, risk and compliance management, and global business services.”
ServiceNow Partner Ecosystem M&A
M&A activity remains strong among ServiceNow partners worldwide.
EY continues to acquire IT consulting firms with application, cybersecurity, managed services and maintenance expertise.
Here are EY’s latest acquisitions:
September 2022: Sustainability consultancy AFARA.
August 2022: Government technology consultancy Cambria Solutions.
August 2022: Digital Detox Ventures and Q4 Associates.
July 2022: Digital transformation consultancy Fabernovel of Paris.