KPMG Opens Big Data Investment Fund

In London, management consulting giant KPMG has launched a £66m fund that will invest in big data and analytics businesses through acquisitions and technology partnerships.

The new 'KPMG Capital' fund will consider investing in those technology start-ups that focus on areas such as mobile, social media networking, the cloud and big data/data analytics for the healthcare, financial services, energy and telecoms sectors.

Mark Toon (pictured), CEO of KPMG Capital and Global Lead for KPMG's Data & Analytics practice, comments: 'With more data produced and stored in the last two years than in the rest of human history, many businesses are looking for strategic and practical solutions to manage the volume, velocity and variety of this data revolution. KPMG Capital will enable us to develop or acquire opportunities in data and analytics quickly.'

Web site: www.kpmg.com .