#USA #New York #Deloitte #Auvenir #Streamworks

Deloitte Sells Auvenir to Management and Rebrands as Streamworks Tech

In a significant shift within the accounting technology landscape, Deloitte has completed the sale of Auvenir, a prominent software provider specializing in cloud-native accountech and compliance platforms, to its management team, consisting of Pete Myers, Neeraj Sharma, and Tim Parker. This strategic move has led to Auvenir's rebranding as Streamworks Tech, marking the beginning of a new chapter in the evolution of client engagement tools.

Founded as an internal venture of Deloitte, Auvenir was established with the aim of automating engagement and enhancing collaboration with clients. Over the years, the Auvenir team successfully developed advanced audit software that gained traction with major clients, including Deloitte itself, Audit New Zealand, and various governmental agencies. The user-friendly platform has been particularly well-received among Canadian CPA firms, who utilize Auvenir’s robust quality management compliance solutions and engagement products for various audits and preparatory procedures.

With its new identity, Streamworks Tech aims to leverage the appropriate technological tools to provide effective solutions for firms and clients in navigating complex regulatory environments. The newly launched artificial intelligence (AI)-powered system focuses on quality management, enhancing the user experience for CPA firms in the U.S. This innovative initiative is being rolled out in collaboration with the CPA Club, which emphasizes seamless integration from existing tools and continuous performance monitoring.

Jean-Marc Mickeler, Deloitte’s Global Audit & Assurance leader, expressed confidence in the transition, stating, "We are proud of what Deloitte and Auvenir have achieved together, and Deloitte believes this is the best long-term path for the Company and this team." This reflects Deloitte’s commitment to fostering innovation while ensuring that Streamworks Tech is well-positioned for continued growth under its current leadership.

Streamworks Tech CEO Pete Myers reinforced the company’s dedication to providing cutting-edge tools for the public sector and private enterprises alike. He stated, "Our mission is to help professionals navigate complexity with the latest technology tools, including AI, that deliver confidence, compliance, and agility." The firm’s advanced solutions are not only tailored for audit and assurance workflows but can also be adapted for various client engagements across diverse industries.

As an intelligent, cloud-based client engagement platform, Streamworks Tech is designed to empower organizations to utilize top-tier technology that enhances client interactions. Although primarily developed for financial auditing, the solution is versatile enough to be applicable in numerous contexts, such as internal audits, compliance assessments, and due diligence procedures.

To date, Streamworks Tech’s technology has been deployed across 150 different regions, establishing partnerships with several prominent enterprises, including major accounting firms like Deloitte. The platform is also utilized by public audit organizations and has become a trusted resource for national associations seeking customized engagement solutions. Furthermore, Streamworks Tech boasts a large user base of approximately 900 CPA firms in Canada, leveraging its Quality Management Guide and Engagement solutions to bolster their operational capabilities.

As Deloitte embarks on this new journey without Auvenir, it continues to deliver invaluable services to a wide range of clients globally, reinforcing its status as a leader in the professional services sector. With over 470,000 professionals spanning over 150 countries, the Deloitte network remains committed to creating measurable and sustainable impacts across markets.