PwC strengthens forensic data services with new acquisition

PwC’s deals and forensics practice has acquired the assets of Kusiri, a technology start-up which provides a forensic data search platform used to discover fraud and for compliance screening.

The deal sees six members of staff from Kusiri join PwC’s forensics team. The terms of the acquisition have not been disclosed.

PwC already uses Kusiri’s platform for its RADAR service  – an ‘early warning system’ which allows PwC clients to manage a broad spectrum of risks including financial, regulatory, compliance and reputational.

The move follows a series of recent acquisitions and partnerships where PwC has invested in new relationships, businesses and platforms which disrupt markets and support clients in different ways; these include: Booz & Co, Logan Tod, Diamond, Mokum and Paragon.

Andrew Gordon, Deals partner and Business Unit Leader for Forensics at PwC, said: “This is an important acquisition for us. Kusiri provides a forensic search technology platform to financial institutions and professional services. It aligns with our desire to put technology at the forefront of what we do.”

Mark Anderson, Global Corporate Intelligence Leader at PwC, added: “We have a long and innovative working relationship with the Kusiri team and we’re delighted they’re joining us. The combination of their next generation forensic search and monitoring technology and our global corporate intelligence team will enable us to deliver even more powerful solutions to our clients.”