Ernst & Young LLP's U.S. firm has acquired Jubilant, an HR technology consultancy that specializes in implementing and supporting human capital management, payroll and workforce management systems.
Jubilant designs and builds accelerators that automate testing for human capital management, providing tools for data movement, analysis and validation. Jubilant's team of over 50 professionals will be joining EY US's People Consulting practice, two at the partner, principal or managing director level.
Financial terms of the deal were not disclosed. EY ranked No. 3 on Accounting Today's 2024 list of the Top 100 Firms, with $21.46 billion in annual revenue in the U.S.. Last month, EY reported global revenue of $51.2 billion in fiscal year 2024.
"By welcoming Jubilant, EY US gains even more credibility and capabilities within the HR technology and transformation business of our People Consulting practice," said Whitt Butler, EY Americas vice chair of consulting, in a statement Monday. "HR systems implementation and optimization is increasingly on the agenda of our clients, and the combined power of Jubilant's skills and accelerators, along with our multifaceted global organization, can deliver results at scale."
EY plans to leverage its global network to help clients implement HR systems, modernize payroll and workforce management operations, lead change management and deliver managed service solutions. The firm works with several HR technology providers, including ADP, Dayforce, Microsoft, SAP SuccessFactors, ServiceNow and UKG.
"I'm proud of all that we have achieved at Jubilant, including our differentiating intellectual property, and I'm excited we now have the opportunity to deliver even more value for clients thanks to the size and scale of the EY US People Consulting practice," said Jubilant CEO Tim Force in a statement. "These two companies are a tremendous cultural fit for each other that will naturally augment the needs of our current and future clients."
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