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M&A Deal Summary

Decimal Acquires KPMG Spark

On November 30, 2022, Decimal acquired internet software and services company KPMG Spark from KPMG International

Acquisition Highlights
  • This is Decimal’s 1st transaction in the Internet Software and Services sector.
  • This is Decimal’s 1st transaction in the United States.
  • This is Decimal’s 1st transaction in Utah.

M&A Deal Summary
Date 2022-11-30
Target KPMG Spark
Sector Internet Software and Services
Buyer(s) Decimal
Sellers(s) KPMG International
Deal Type Divestiture

Target

KPMG Spark

Salt Lake City, Utah, United States
KPMG Spark is online accounting service for small and midsized businesses providing bookkeeping, tax prep, and facilitating access to payroll services. KPMG Spark was founded in 2013 and is based in Salt Lake City, Utah.

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Buyer(S) 1

Buyer

Decimal

Indianapolis, Indiana, United States
Category Company
Sector Internet Software and Services
DESCRIPTION

Decimal is an online fintech platform that solves accounting operations for SMBs. Decimal helps SMBs automate and outsource their accounting operations for a fixed monthly fee. Decimal is based in Indianapolis. Indiana.

DEAL STATS #
Overall 1 of 2
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 2
State (Utah) 1 of 1
Country (United States) 1 of 2
Year (2022) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-13 Facta - Accounting services

San Francisco, California, United States

Facta's Accounting services handle bookkeeping and taxes. Facta's Accounting services are based in San Francisco, California.

Buy -

Seller(S) 1

SELLER

KPMG International

Zurich, Switzerland
Category Company
Founded 1987
Sector Business Services
DESCRIPTION
KPMG office in central Stockholm, Sweden.
KPMG office in central Stockholm, Sweden.

KPMG is a provider of audit, tax and advisory services. KPMG International's member firms have 155,000 professionals, including more than 8,600 partners, in 155 countries. KPMG was established in 1987 and is based in Zurich, Switzerland.

DEAL STATS #
Overall 7 of 7
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 6 of 6
State (Utah) 1 of 1
Country (United States) 2 of 2
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-28 KPMG s Restructuring Business

Bermuda

KPMG's Restructuring Business brings expert advice to challenging situations of all shapes and sizes, from the largest and most complex corporate and international positions to the SMEs and owner-managed concerns underpinning the local market. The business support companies, lenders, equity holders, and a wide range of other stakeholders from Government, to regulators and many more in overcoming the issues associated with financial stress, distress or simple under-performance.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-05 Arnold Group

Seattle, Washington, United States

Arnold Group is a strategy consultancy focused exclusively on go-to-market (GTM) strategy development for B2B technology companies. The Arnold Group works with technology companies to accelerate growth, drive commercial transitions, and simplify the customer experience. Arnold Group is based in Seattle, Washington.

Buy -
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