EY announced a strategic business relationship with Microsoft last year to leverage the tech giant's platform strength to deliver a broader range of services to clients. Recently, EY announced the acquisition of UMT Consulting to vastly expand the megafirm's portfolio and program management capabilities. This strategic play, says Greg Cudahy, EY's Global Leader of Technology, Media & Telecommunications, puts unprecedented levels of control in the hands of clients and enables EY to offer real-time portfolio advice in a way that was never before possible. Consulting recently caught up with Cudahy, who led the deal for EY, to talk about the long-term implications of the deal for EY and its clients.
Consulting: What would you say made UMT Consulting such an attractive acquisition target for EY?