Advisory firm KPMG LLP acquired the Workday Consulting Practice from Axia Consulting, a provider of technology and business consulting services to middle-market companies and government agencies.

Terms of the deal were not disclosed. The acquisition is expected to expand KPMG's capabilities in providing cloud services for finance and human capital management, which includes payroll, data conversion and human resources.  

Clearsight Advisors served as financial adviser to Axia Consulting on the deal.

The purchase comes shortly after Ernst & Young LLP –one of the big four accounting firms including KPMG, PwC LLP and Deloitte LLP — agreed to buy strategy-consulting firm Parthenon Group.

M&A in the financial services sector continues to heat up, and more deals are expected in the sector.

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