Deloitte buys Aussie firms for domination

Written By Unknown on Rabu, 11 September 2013 | 23.49

EDS: Embargoed until 0100 AEST, September 12.

BRISBANE, Sept 12 AAP - Multinational professional services giant Deloitte is buying up Australian software design companies in a bid to become the world's biggest business technology provider.

The UK private firm wants to become a $US1 billion digital player within five years, and will announce another three Australian technology acquisitions during the next six weeks.

"Because we have quite aggressive growth targets for the next couple of years, we're looking at additional acquisitions right now in the marketplace," Deloitte Digital lead partner Frank Farrall said.

Deloitte's latest acquisition, Digicon, was established by long-time friends Lola Weller and Nick Jaco in 1997 from a home office in the south-west Brisbane suburb of Fig Tree Pocket.

The Queensland government was among their early clients.

Two years after setting up, during the dial-up connection era, Digicon was advising the Brisbane Lions AFL team on the need for a catchy domain name.

"We were the ones that had a discussion with their management team at the time: 'No it shouldn't be BrisbaneLions.com.au, it should be Lions.com.au'," Ms Weller said.

"People have got to be able to remember and in those days it was foreign."

Digicon now employs 20 staff in a second-floor office in inner-city Spring Hill.

From early October, the web designers will also move into a new office on the 26th floor of Deloitte's Eagle Street offices in downtown Brisbane, as Deloitte expands its digital presence in Queensland.

But Mr Farrall insists the staff will still be allowed to wear neat casual attire instead of a suit and tie.

"You'll see a few more jeans, particularly on a Friday," he said.

Deloitte Touche Tohmatsu last year bought business technology group Logro in Melbourne, and acquired Australian corporate advisory firm Jackson Browne in 2011.

Its main rival PricewaterhouseCoopers is marginally the world's largest professional services firm by revenue.


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