Protiviti

Protiviti

Type	Wholly owned subsidiary
Industry	Internal Audit Professional Services Risk Consulting
Founded	2002
Headquarters	61 offices worldwide
Products	Risk and Advisory Services
Revenue	$383.6 million (2009)
Net income	($30.8) million loss (2009)
Employees	3,300+
Parent	Robert Half International
Website	www.protiviti.com

Protiviti is a global consulting firm that helps companies solve problems in finance, technology, operations, governance, risk and internal audit. Through its network of more than 70 offices in over 20 countries, Protiviti has served more than 35 percent of FORTUNE® 1000 and Global 500 companies. The firm also works with smaller, growing companies, including those looking to go public, as well as with government agencies.

History

The company was established in 2002 when Robert Half International, Inc. agreed to hire approximately 800 workers formerly with Arthur Andersen LLP, including more than 50 individuals who had been Partners at Andersen. These workers had been affiliated with the internal audit and business risk consulting practices of Andersen, which were operated separately from Andersen’s attestation and external audit services. These employees formed the base of Protiviti.

Branding

The name of the company is a coined term that supposedly communicates the “key brand attributes - professionalism and proactivity as well as independence and integrity. The unique spelling with three "i's" represents "Independence," which is perhaps the most important concept.”^{[citation needed]}

The name of the firm was chosen as a part of the branding studies done at the firm's founding. Beyond its linguistic aspects, the name was found to be free to be established as a unique trademark worldwide.

Legal Structure and Executives

Protiviti is a wholly owned subsidiary of Robert Half International, Inc., a specialized staffing firm and a member of the S&P 500 Index and listed on the FORTUNE 500.

Protiviti is led by:
Joseph A. Tarantino, President and Chief Executive Officer
Carol M. Beaumier, Executive Vice President, Global Industry Programs
Robert B. Hirth Jr., Executive Vice President, Global Internal Audit
James Pajakowski, Executive Vice President, Global Risk and Advisory Services
Gary Peterson, Executive Vice President, International Operations

Services

Protiviti’s services provide “the necessary business process, technology and specialized skills to address challenges related to financial and operational risk management; technology risk management and effectiveness; GRC; and litigation, investigations, turnaround and restructuring.” These solutions include:

• Business Operations Improvement
• Finance & Accounting Excellence
• IT Consulting
• Internal Audit & Financial Controls
• Litigation, Restructuring & Investigative Services
• Risk & Compliance
• Transaction Services

Protiviti also serves clients in the following industries:

• Consumer Products & Retail
• Energy & Utilities
• Financial Services & Real Estate
• Healthcare & Life Sciences
• Manufacturing, Distribution & Technology
• Hospitality
• Communications
• Public Services

Acquisitions

2005

Protiviti acquired the Lender Advisory Services (LAS) practice from RSM McGladrey and integrated it into its Credit Risk practice.

2006

Protiviti acquired Canada-based Creative Options and Radius, two companies that specialized in the retail sector with a focus on loss prevention and employee awareness and training programs.

Protiviti acquired P.G. Lewis & Associates LLC, a data forensics firm specializing in corporate investigations and litigation support.

Protiviti announced that it had consolidated its public sector operations into a wholly owned subsidiary, Protiviti Government Services, Inc., and that this subsidiary had acquired Enspier Technologies, Inc., a company providing technology and management consulting services primarily to government organizations.

2007

Protiviti acquired PENTA Advisory Services, LLC, whose specialties included restructuring and insolvency services, litigation services, and bankruptcy-related tax, accounting, and administrative services. The company’s 43 employees, including four co-founders, joined Protiviti’s Event Response practice.

Clientele

The firm’s clients include more than 35 percent of all FORTUNE 100 companies, more than 25 percent of all FORTUNE 500 companies and more than 20 percent of all FORTUNE 1000 companies.

Recognition

• Protiviti was recognized by BusinessWeek as one of the "Best Places to Launch a Career" for three consecutive years from 2006-2009. The company was also recognized by BusinessWeek as a company offering one of the “50 Best Internships” in 2007.

• Recognized as a leader in risk consulting services by Forrester Research.

• Designated a Strong Performer in governance, risk and compliance platforms by Forrester Research.

External links

• Protiviti
• KnowledgeLeader By Protiviti
• BusinessWeek's Best Places to Launch a Career