Rich Macfarlane (EY)
Credit: EY
Ernst & Young A/NZ has acquired the business of top-tier New Zealand ServiceNow specialist Red Moki, which operates across Australia, New Zealand and India.
EY said the buyout will unlock the full potential of ServiceNow to manage intelligent automated workflows and transform organizations across industries.
“We are experiencing unprecedented growth in ServiceNow demands from our clients,” said Rich Macfarlane, technology consulting partner at EY New Zealand.
“The Red Moki team will expand our footprint and expertise in the region and deliver valuable client results.”
ServiceNow sales are really booming in A/NZ. In the year to the end of 2018 the regional business reported revenue of A$137 million. Four years ago that grew to A$410.7 million.
EY has known the Red Moki team for years and admired its work, Macfarlane said, so the decision to ask the team to join EY was obvious. Seventy-four Red Moki ServiceNow specialists will now be created.
“Their vision and growth plans are fully aligned with ours and they will play a key role as we grow this business together,” he said.
Red Moki has delivered major business changes enabled by ServiceNow across government, financial services, telecommunications, consumer and many other industries in the region, Macfarlane said.
According to the Companies Office, Red Moki was founded in 2017. The company’s main shareholder is John Hanna, with just over 50 percent, followed by chief strategy officer and head of consulting Amit Choudhary and chief commercial officer Jenna Woolley.
The sale price was not disclosed.
“By joining forces with EY and accessing their global resources and skills, we will be able to take the service we provide to our clients to the next level and deliver true digital transformation across both business domains and technology,” said Red Moki CEO Greg Woolley.
“Our team is excited about the scale and range of opportunities they will have access to by being part of EY, not to mention the variety of career and development options that come with such a leading global organization. “
Justin Greig, EY Oceania’s managing partner for consulting, said the firm sought to be clients’ transformation advisor. The addition of the Red Moki business has helped EY meet the need for technology-enabled innovation.
“The EY and ServiceNow Alliance are already benefiting our clients across a range of industries including financial services, consumer, energy and the public sector,” said Greig.
“We deliver solutions and services focused on a wide range of business and industry-specific areas, including technology and operational efficiency, HR service delivery, risk management, risk and compliance, and business services .”
The Red Moki is a species of antipodean fish that provides a metaphor for business: they are territorial and stick to swimming in waters they know.
Tags ServicesTodayEYtransformationconsultingRed Moki