Deloitte Invests with Brilliant Media
The Big 5 firms have begun relationships with law firms in holding equity stakes to enhance each other's practices, so why should relationships with e-firms be any different? The recently announced Ernst & Young deal with Cap Gemini is evident of this growing trend.
Now, the Management Solutions and Services practice in the San Francisco office of Deloitte & Touche just announced an investment in Brilliant Media, a Web design firm also based in the Bay city. The firm also has equity ownership in US Interactive and is mulling over similar deals. The amount of the Brilliant stake was not disclosed.
Deloitte spokespersons dismiss the fact that these arrangements constitute are strategic alliances. Rather, agreement provisions allow both Brilliant and US Interactive to work solely with Deloitte and not with any of the firm's competitors, like other Big 5 firms.
Voice of the Editor
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.