PwC Completes Acquisition of Ray Group International

Deal strengthens PwC's technology consulting and implementation services for public sector clients

NEW YORK, Nov. 12, 2012 /PRNewswire/ -- PwC US today announced that it has acquired Ray Group International, LLC (RGI), a consulting firm specializing in information technology (IT) and program management consulting services for federal government entities. The addition of RGI builds upon PwC's strengths in technology consulting and implementation for public sector clients, particularly in the areas of IT strategy, enterprise architecture, and program management.

RGI's consultants have joined PwC's existing team of professionals that serve the public sector.  Former RGI CEO, Ronald E. Ray, former RGI President, Michael Louden, and former RGI COO, Michael Hecker, have joined PwC in key leadership positions.

"We are very pleased to welcome Ray Group's highly skilled team of professionals to PwC's Public Sector practice," said Scott McIntyre, PwC's U.S. Public Sector Practice Leader.  "The core skill set of the RGI team strongly complements PwC's existing services in healthcare IT, program management and communications consulting.  Their client-centric approach mirrors our own, and we know they will bring tremendous additional value to our clients.  PwC's Public Sector practice helps solve critical issues that matter most to our federal government clients and this capability enhances our ability to add value to these complex challenges."

The acquisition reflects PwC's commitment to building depth in areas that meet the needs of its clients, addressing their most complex business challenges, from strategy to execution.

"We are excited to join forces with PwC, a trusted advisor to the federal government," said Ronald E. Ray, former CEO of Ray Group International.  "This is a tremendous opportunity for the RGI team and for our clients.  At RGI, collaboration has always been a cornerstone to our success, and we look forward to teaming with our new colleagues to bring creative solutions to our clients."

The acquisition was completed on November 6, 2012.  Financial terms of the transaction will not be disclosed.

To learn more about PwC's Public Sector practice, visit www.pwc.com/publicsector.

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SOURCE PwC US