Big Four giant EY has acquired Pythagoras Communications Holdings, a UK technology company and Microsoft gold partner, to build up the firm’s tech consulting arm
Pythagoras has three offices based in Maidenhead, Solihull and London, employs 118 people and has more than 140 clients and will be rebranded as EY Pythagoras. All staff will be retained by the business and will transfer across to EY.
The acquisition supports EY’s ambition to increase the range of technology services the professional services firm provides to clients, bringing additional capabilities across various Microsoft business applications, such as Dynamics 365, Power Platform and Azure. These technologies help clients to operate more efficiently and provide better customer experiences.
The commercial value of the acquisition was not disclosed.
Benoit Laclau, E&Y LLP managing partner for consulting, UK & Ireland, said: ‘The acquisition of Pythagoras enables EY teams to not only advise clients on strategy but also helps them design and provide advanced Microsoft technologies. At a time when many companies are having to adapt and transform to changing customer behaviours, these new capabilities will help support EY clients and develop EY consulting services.’
Alison Kay, managing partner for client services at E&Y said: ‘Pythagoras brings new skills and capabilities to support EY clients across a range of different sectors. The acquisition is part of the wider EY growth strategy in the UK and Ireland and will significantly enhance EY tech capabilities. In the last 18 months the acquisitions of AgilityWorks and Frank Hirth have helped EY teams meet the changing needs and demands of clients.’
EY has confirmed that Pythagoras founder and CEO Julian Stone will be joining EY as a partner and will head up the business.
Stone said: ‘This is an exciting time for Pythagoras as we build on our achievements over the last 22 years. Our aim has always been to focus on providing high-standard technology services to our clients.
‘The EY acquisition brings two great organisations together. We are all excited about joining forces with EY teams to provide a very compelling offering in a market that demands increased innovation in providing technology services.’