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Protiviti

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Protiviti Inc.
Company typeSubsidiary
IndustryProfessional services
Founded2002; 22 years ago (2002)
Headquarters
Menlo Park and San Ramon, CA
,
United States
Number of locations
85 offices (2022)
Area served
Worldwide
Key people
Services
RevenueIncrease USD 1.98 billion (2022)
Increase USD 270.71 million (2022)
Number of employees
Increase 7,000 (2022)
ParentRobert Half
Websitehttps://www.protiviti.com/
Footnotes / references
[1][2][3]

Protiviti Inc. (Protiviti) is a global consulting firm headquartered in Menlo Park and San Ramon, California, that provides consulting in internal audit, risk and compliance, technology, business processes, data analytics and finance.[4] It is a subsidiary under Robert Half. Protiviti and its independently and locally owned Member Firms serve clients through a network of more than 85 locations in over 27 countries.

Protiviti has served more than 80 percent of Fortune 100, nearly 80 percent of Fortune 500 and 70 percent of Fortune 1000 companies.[5][6] From 2018 to 2022, the firm has been consistently listed by Forbes⁣ as being one of the world's best management consulting firms.[7][8] Protiviti has also been listed as one of the 100 Best Companies to Work For by Fortune Magazine for 8 consecutive years from 2015 to 2022.[9]

History

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Protiviti was formed in 2002 when the Company hired more than 700 professionals who had been affiliated with the internal audit, business and technology risk consulting practice of Arthur Andersen, including more than 50 individuals who had been partners of that firm. These professionals formed the base of Protiviti.[10]

In 2006, Protiviti acquired the assets of PG Lewis & Associates, a leading national provider of Data Forensics and Cybersecurity services founded in 2003 by serial technology entrepreneur, Paul G. Lewis. Financial terms were not disclosed.[11]

The following year Protiviti acquired the bankruptcy consulting firm PENTA Advisory Services, LLC with locations in Baltimore, Maryland and Richmond, Virginia. PENTA provided restructuring and insolvency services, litigation services and US bankruptcy trustee services. Financial details regarding the transaction were not disclosed.[12]

In January 2019, Protiviti expanded its Middle East & North African presence by launching an office in Cairo, Egypt. The new location is the first Member Firm in North Africa, and is led by Managing Director Ashraf Fahmy, a former Deloitte partner in Egypt and with the firm's enterprise risk practice in Abu Dhabi.[13][14]

In February 2019, Protiviti added Gauteng-based internal audit and forensic services firm SekelaXabiso CA (SkX) as its first member firm in South Africa. The new firm will serve domestic firms as well as international firms looking for support to enter the South African market. The firm houses over 200 consultants, and has offices in the major financial centres of Gauteng and Durban.[15]

For fiscal year 2019, Protiviti's revenue exceeded US$1 billion for the first time in its 18-year history.[16]

In March 2020, Protiviti expanded its European footprint by opening 3 new offices in Zürich, Switzerland, and Berlin and Düsseldorf, Germany.[17] Protiviti's global network of member firms operate as independently owned and operated entities, but have access to the firm's resources despite not possessing agency to act on Protiviti's behalf.

Service Expansion

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In March 2022, Protiviti formed a new service line, "Protiviti Digital", which serves as a digital marketing agency. Protiviti Digital serves clients seeking to execute complex digital and marketing strategies, as well as transform customer experiences.[18]

In April 2022, Robert Half moved its legal consulting service line to Protiviti, which allows Protiviti to expand its legal consulting practice. The service line supports clients with a broader range of legal, compliance, governance, technology, investigation and transaction-related business needs.[19]

See also

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References

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  1. ^ "Company Overview of Protiviti Inc". Bloomberg. Retrieved 20 December 2018.
  2. ^ "About Protiviti". Protiviti. Retrieved 20 December 2018.
  3. ^ "Annual Report 2021" (PDF). Robert Half International. Retrieved 24 April 2022.
  4. ^ "About Protiviti". Protiviti. Retrieved 20 December 2018.
  5. ^ "Protiviti Ranked #15 on the Fortune '100 Best Companies to Work For' List". Protiviti. 17 January 2023. Retrieved 17 January 2023.
  6. ^ "Who we are". Protiviti. 17 January 2023. Retrieved 17 January 2023.
  7. ^ "America's Best Management Consulting Firms 2022". Forbes. Retrieved 24 April 2022.
  8. ^ "Protiviti". Forbes.
  9. ^ "100 Best Companies to Work For". Fortune. Fortune Media IP Limited. Retrieved 12 April 2022.
  10. ^ "2017 Annual Report" (PDF). Robert Half. Robert Half International. Retrieved 20 December 2018.
  11. ^ "Protiviti Acquires P.G. Lewis & Associates". accounting today. 3 March 2006. Retrieved 4 June 2020.
  12. ^ "Protiviti Acquires PENTA Advisory Services,LLC". ADVFN. 3 April 2007. Retrieved 23 May 2023.
  13. ^ "Protiviti expands MENA presence with launch of member firm in Egypt". Consultancy-me.com. Consultancy.org. 11 January 2019. Retrieved 20 January 2019.
  14. ^ "Protiviti opens office in Cairo". IT News Africa. January 12, 2019. Retrieved 20 January 2019.
  15. ^ "SekelaXabiso to operate as a Protiviti member firm in South Africa". Consultancy.co.za. Consultancy.org. Feb 22, 2019. Retrieved 24 February 2019.
  16. ^ "Annual Report 2019" (PDF). Robert Half International. Retrieved 18 April 2020.
  17. ^ "Robert Half's (RHI) Protiviti Expands Operations in Europe". Yahoo Finance. Zacks Equity Research. March 6, 2020. Retrieved 17 March 2020.
  18. ^ "Protiviti bundles digital expertise under new roof: Protiviti Digital". consulting.us. Consultancy.org network. 17 March 2022. Retrieved 24 April 2022.
  19. ^ "Robert Half moves legal solutions practice to subsidiary Protiviti". consulting.us. Consultancy.org network. April 2022. Retrieved 24 April 2022.
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