Protiviti

Infobox_Company
company_name = Protiviti
company_type = Wholly owned subsidiary
foundation = 2002
location = 61 offices worldwide
parent company = Robert Half International Inc.
num_employees = 3,300+
industry = Internal Audit
Professional Services
Risk Consulting
products = Risk and Advisory Services
revenue = $552.3 Million
homepage = [http://www.protiviti.com www.protiviti.com]

Protiviti is a global consulting and internal audit firm specializing in risk and advisory services. Protiviti’s professionals solve problems for clients in the areas of finance, operations, technology, litigation, and governance, risk and compliance. Protiviti has offices in 61 major markets, with 33 in the United States and 28 in the Americas, Asia-Pacific and Europe. The firm also has risk consulting partnerships with firms in Abu Dhabi, Caracas, Dubai, Jakarta, Kuwait and Lima. [http://protiviti.com/portal/site/pro-us/menuitem.238588dcdbae11847a2ff891a7cebfa0]

History

The company was established in 2002 when Robert Half International, Inc. agreed to hire approximately 700 professionals formerly with Arthur Andersen LLP, including more than 50 individuals who had been Partners at Andersen. These professionals 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 the Protiviti. [http://protiviti.com/portal/site/pro-us/menuitem.128cbe58f46e055c31327610f5ffbfa0]

Branding

The name of the company is a coined term that 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.”

The name of the firm was chosen as a part of the branding studies done at the firm's founding. Beyond the terms linguistic aspects, it 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

ervices

Risk Solutions – Protiviti’s Risk Solutions 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.” [http://www.protiviti.com/portal/site/pro-us/menuitem.124214e7239c9263ca19f110f5ffbfa0/] These solutions include:
*Business Operations Improvement
*CIO Solutions
*Enterprise Application Solutions
*Enterprise Information Management
*Finance Transformation
*Financial Risk Strategy & Management
*Governance, Risk & Compliance
*Litigation, Restructuring & Investigative Services

Internal Audit – Protiviti’s Internal Audit services encompass all aspects of internal audit activities including outsourcing internal audit and supplementing existing internal audit teams. These internal audit services include:
*Audit Committee Advisory
*IA Technology/Tool Implementation
*Internal Audit Co-Sourcing
*Internal Audit Full Outsourcing
*Internal Audit Quality Assessment
*Internal Audit Transformation
*IT Audit Services
*Start-up & Development Advice

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. [http://protiviti.com/portal/site/pro-us/menuitem.d7f6ac4d70aae3aeeb6c6010f5ffbfa0?showGray=yes&file_name=%2FAboutUs%2FPress_Re]

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. [http://protiviti.com/portal/site/pro-us/menuitem.d7f6ac4d70aae3aeeb6c6010f5ffbfa0?showGray=yes&file_name=%2FAboutUs%2FPress_Releases%2FPressRelease_20060215.html]

Protiviti acquired P.G. Lewis & Associates LLC, a data forensics firm specializing in corporate investigations and litigation support. [http://protiviti.com/portal/site/pro-us/menuitem.d7f6ac4d70aae3aeeb6c6010f5ffbfa0?showGray=yes&file_name=%2FAboutUs%2FPress_Releases%2FPressRelease_20060302.html]

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. [http://protiviti.com/portal/site/pro-us/menuitem.d7f6ac4d70aae3aeeb6c6010f5ffbfa0?showGray=yes&file_name=%2FAboutUs%2FPress_Releases%2FPressRelease_20061211.html]

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. [http://protiviti.com/portal/site/pro-us/menuitem.d7f6ac4d70aae3aeeb6c6010f5ffbfa0?showGray=yes&file_name=%2FAboutUs%2FPress_Releases%2FPressRelease_20070403.html]

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. [http://protiviti.com/portal/site/pro-us/menuitem.238588dcdbae11847a2ff891a7cebfa0/]

Recognition

*Protiviti was recognized by "BusinessWeek" as one of the "Best Places to Launch a Career" for three consecutive years from 2006-2008. [http://www.businessweek.com/careers/first_jobs/2008/95.htm] The company was also recognized by "BusinessWeek" as a company offering one of the “50 Best Internships” in 2007. [http://images.businessweek.com/ss/07/11/1130_best_internships/index_01.htm ]

*Recognized as a leader in risk consulting services by Forrester Research. [http://www.forrester.com/Research/Document/Excerpt/0,7211,42614,00.html]

*Designated a Strong Performer in governance, risk and compliance platforms by Forrester Research. [http://www.forrester.com/Research/Document/Excerpt/0,7211,39084,00.html]

Notes and references

External links

* [http://www.protiviti.com/ Protiviti]
* [http://www.knowledgeleader.com/ KnowledgeLeader By Protiviti]
* [http://www.businessweek.com/magazine/content/06_38/b4001601.htm/ BusinessWeek's Best Places to Launch a Career]