Search company, investor...
Search

Predict your next investment

Ernst & Young company logo
Corporation
FINANCE | Accounting
ey.com

See what CB Insights has to offer

Investments

11

Portfolio Exits

7

Partners & Customers

10

Service Providers

1

About Ernst & Young

Ernst & Young is a provider of assurance, tax, transaction, and advisory services.

Ernst & Young Headquarters Location

6 More London Place

London, England, SE1 2DA,

United Kingdom

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing Ernst & Young

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Ernst & Young in 1 Expert Collection, including Conference Exhibitors.

C

Conference Exhibitors

5,302 items

Ernst & Young Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Ernst & Young Rank

Research containing Ernst & Young

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Ernst & Young in 2 CB Insights research briefs, most recently on Mar 9, 2022.

Latest Ernst & Young News

Chinese firms’ bid to avoid delisting raises doubts

Oct 1, 2022

byAMANDA IACONE YIQIN SHEN AND LYDIA BEYOUD BLOOMBERG NEWS (WPNS)|Today at 1:52 a.m. An American flag flies outside the headquarters building of the U.S. Securities and Exchange Commission in Washington, D.C., on Dec. 22, 2018. Chinese companies are flailing in a fresh bid to avoid being booted off U.S. stock exchanges for shirking Washington's oversight demands. American regulators say they doubt calls for more transparency will be met by Chinese businesses simply hiring U.S. auditors. Switching accounting firms had been seen by some companies as a way to satisfy a 2020 law that threatens to remove businesses from the New York Stock Exchange and Nasdaq if U.S. officials can't inspect their audit work papers. While U.S. inspectors have started reviewing those documents under a preliminary accord reached between the two governments, about 200 companies based in China and Hong Kong still face possible delisting. The pushback on the auditor switches is yet another hitch in the decades-old dispute over Beijing's refusal to let Americans review the audit papers, a basic pillar of accessing U.S. capital markets. "What we're concerned about is the possibility, you might have a fact pattern where the issuer has engaged a lead auditor who is not able to actually audit a substantial portion of the consolidated operations," Paul Munter, acting chief accountant of the Securities and Exchange Commission, said. The skepticism from senior SEC officials like Munter and the Public Company Accounting Oversight Board could be bad news for firms like Zai Lab Ltd. and BeiGene Ltd. So far there have been only a smattering of examples of companies switching to U.S.-based auditors, but American regulators have indicated they're concerned that others will soon follow. The businesses have said the moves reflect their increased presence in the U.S., but the auditor swaps have been widely seen as attempts to avoid delisting. Zai Lab said in its second-quarter earnings release that hiring KPMG U.S. "was a natural progression" of its global growth. Zai Lab declined to comment for the story. KPMG, one of the Big Four accounting firms, said in a statement that it carefully vets whether it can deliver quality audits under oversight board standards whenever taking on work, but declined to discuss its new client. BeiGene, which calls itself a global biotech company, hired Ernst & Young's U.S. practice as its auditor this spring. Neither the company, which has administrative offices in Cambridge, Mass., nor Ernst & Young responded to requests for comment. The companies' plans to switch audit firms predate the Aug. 26 agreement between U.S. and Chinese regulators to allow for inspections to begin. SEC Chair Gary Gensler has said that American officials will assess by December whether their access is sufficient. Companies like Zai Lab and BeiGene are relatively small, but the audit access issues are also casting a shadow on Chinese behemoths like Alibaba Group Holding Ltd. that trade in New York. The 2020 U.S. law set a three-year time frame for booting public companies from American markets if oversight board inspectors can't review their audit documents as required by the 2002 Sarbanes-Oxley Act. That legislation was passed in the wake of the Enron Corp. accounting scandal and it's meant to prevent fraud and wrongdoing that could wipe out shareholders. China and Hong Kong are the lone two jurisdictions worldwide that haven't allowed the oversight board inspections, with officials there citing national security and confidentiality concerns. Xiaomeng Lu, an analyst at Eurasia Group, called the auditor switches a potential "gray-area workaround" that's unlikely to win over regulators in the United States and China. "If large global Chinese stocks hope to maintain their listings in New York, it is better to be safe than sorry," she said. Neither the oversight board nor SEC have said that companies can't hire a lead auditor from outside their home country. Yet both regulators say there's little room for error with accepting Chinese or Hong Kong clients. "The [oversight board] must have complete access, and there is no getting around that," the watchdog said in a statement in response to questions about the recent auditor switches. "If a China-based company chooses to hire an audit firm located elsewhere in the world, that firm is required to cooperate with [oversight board] inspections and investigations and produce work papers when requested." China likely views an auditor switch as an attempt to get around its own rules prohibiting firms from removing paperwork, which Beijing deems to contain sensitive data. "As long as the firms are still 'Chinese firms,' it is hard to bypass the regulatory radar of Chinese regulators," said Gary Ng, senior economist for the Asia Pacific region at Natixis. The China Securities Regulatory Commission didn't respond to a request for comment. Meanwhile, in the U.S., the oversight board has signaled a growing focus on relationships between auditors and recently brought a case against one firm for relying too heavily on another. More are expected as the oversight board ramps up policing of its rules, said Sandra Hanna, who leads the securities enforcement practice for Miller & Chevalier Chartered. Information for this article was contributed by Zhang Dingmin of Bloomberg News (WPNS). Print Headline: Chinese firms’ bid to avoid delisting raises doubts ADVERTISEMENT

Ernst & Young Investments

11 Investments

Ernst & Young has made 11 investments. Their latest investment was in Passbase as part of their Pre-Seed on March 3, 2019.

CBI Logo

Ernst & Young Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/15/2019

Pre-Seed

Passbase

$0.6M

Yes

2

9/23/2002

Unattributed VC

netDecide Corporation

$6.5M

No

8/10/2001

Series E

Kanisa

$30M

No

3/23/2001

Unattributed VC - II

Subscribe to see more

$99M

Subscribe to see more

0

9/27/2000

Corporate Minority

Subscribe to see more

$99M

Subscribe to see more

10

Date

3/15/2019

9/23/2002

8/10/2001

3/23/2001

9/27/2000

Round

Pre-Seed

Unattributed VC

Series E

Unattributed VC - II

Corporate Minority

Company

Passbase

netDecide Corporation

Kanisa

Subscribe to see more

Subscribe to see more

Amount

$0.6M

$6.5M

$30M

$99M

$99M

New?

Yes

No

No

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

2

0

10

Ernst & Young Portfolio Exits

7 Portfolio Exits

Ernst & Young has 7 portfolio exits. Their latest portfolio exit was Intralinks on August 24, 2010.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/24/2010

IPO

$99M

Public

12/12/2006

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

2/22/2005

Acquired

Subscribe to see more

$99M

Subscribe to see more

0

4/8/2004

Acquired

Subscribe to see more

$99M

Subscribe to see more

0

2/20/2003

Acquired

Subscribe to see more

$99M

Subscribe to see more

0

Date

8/24/2010

12/12/2006

2/22/2005

4/8/2004

2/20/2003

Exit

IPO

Acquired

Acquired

Acquired

Acquired

Companies

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

10

0

0

0

Ernst & Young Acquisitions

68 Acquisitions

Ernst & Young acquired 68 companies. Their latest acquisition was AFARA on September 06, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

9/6/2022

$99M

Acquired

1

8/19/2022

$99M

Acquired

1

8/16/2022

$99M

Acquired

1

8/2/2022

Subscribe to see more

$99M

Subscribe to see more

10

8/1/2022

Subscribe to see more

$99M

Subscribe to see more

10

Date

9/6/2022

8/19/2022

8/16/2022

8/2/2022

8/1/2022

Investment Stage

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

Note

Acquired

Acquired

Acquired

Subscribe to see more

Subscribe to see more

Sources

1

1

1

10

10

Ernst & Young Partners & Customers

10 Partners and customers

Ernst & Young has 10 strategic partners and customers. Ernst & Young recently partnered with FINEOS on May 5, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

5/31/2022

Partner

Ireland

IoT from Carrot and Luxboro; EY and FINEOS: Insurtech partnerships

EY announced that Ernst & Young Business Consultants and FINEOS , a global provider of life , accident and health insurers , formed an alliance to aid companies in digital transformation of technologies and services through consultation and on-site execution .

2

3/28/2022

Partner

Switzerland

Image credit: ETH AI Center. AI expertise in Greater Zurich attracts companies like a magnet Mar 28, 2022 11:48Yvonne von Hunnius, Greater Zurich Area/Café Europe. Klaus Fuchs, Director for Industry Collaborations of the ETH AI Center.

Zalando now plans to establish a technology center with more than a hundred specialists in Zurich and partnered up with the Swiss Federal Institute of Technology Zurich .

1

3/24/2022

Partner

India

EY announces global alliance with Infosys

EY announced a new global alliance with Infosys , a global leader in next-generation digital services and consulting , to support organizations in their end-to-end business transformation and growth .

2

1/25/2022

Vendor

Canada

Subscribe to see more

Subscribe to see more

10

12/6/2021

Vendor

United States

Subscribe to see more

Subscribe to see more

10

Date

5/31/2022

3/28/2022

3/24/2022

1/25/2022

12/6/2021

Type

Partner

Partner

Partner

Vendor

Vendor

Business Partner

Country

Ireland

Switzerland

India

Canada

United States

News Snippet

IoT from Carrot and Luxboro; EY and FINEOS: Insurtech partnerships

EY announced that Ernst & Young Business Consultants and FINEOS , a global provider of life , accident and health insurers , formed an alliance to aid companies in digital transformation of technologies and services through consultation and on-site execution .

Image credit: ETH AI Center. AI expertise in Greater Zurich attracts companies like a magnet Mar 28, 2022 11:48Yvonne von Hunnius, Greater Zurich Area/Café Europe. Klaus Fuchs, Director for Industry Collaborations of the ETH AI Center.

Zalando now plans to establish a technology center with more than a hundred specialists in Zurich and partnered up with the Swiss Federal Institute of Technology Zurich .

EY announces global alliance with Infosys

EY announced a new global alliance with Infosys , a global leader in next-generation digital services and consulting , to support organizations in their end-to-end business transformation and growth .

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

2

1

2

10

10

Ernst & Young Service Providers

1 Service Provider

Ernst & Young has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Accounting Firm

General Business Banking

Service Provider

Associated Rounds

Provider Type

Accounting Firm

Service Type

General Business Banking

Partnership data by VentureSource

Ernst & Young Team

171 Team Members

Ernst & Young has 171 team members, including , .

Name

Work History

Title

Status

Gunjan Bhardwaj

Founder

Current

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Name

Gunjan Bhardwaj

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Work History

Title

Founder

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Status

Current

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

You May Also Like

Lemay.ai Logo
Lemay.ai

Lemay.ai specializes in consultancy and provides AI, machine learning, and deep learning solutions for the development and rapid deployment of technologies in fintech, natural language understanding, and research and development. Lemay.ai was founded in 2016 and is based in Ottawa, Canada.

Z
ZS Associates

ZS Associates (ZS) is focused exclusively on helping companies improve overall performance and grow revenue and market share through end-to-end sales and marketing solutions-from customer insights and strategy to analytics, operations, and technology. The firm was founded in 1983 and is based in Evanston, Illinois.

Quantiphi Logo
Quantiphi

Quantiphi is an applied AI and machine learning software and services company focused on helping organizations translate data and machine learning technologies into quantifiable business impact.

L.E.K. Consulting Logo
L.E.K. Consulting

L.E.K. Consulting is a global strategy consulting firm helping clients achieve high impact results with deep industry expertise and rigorous analysis. Whether it's a global pharmaceutical company evaluating its strategy to develop new cures for diseases, an airline seeking new revenue sources in a challenging deregulated industry or a global footwear company repositioning its brands, clients rely on L.E.K. to help them meet their challenges and take advantage of their opportunities.

Reddy2grow Logo
Reddy2grow

Reddy2grow provides technical consulting, strategy, team building, and networking.

Front AI Logo
Front AI

Front AI has developed a software solution for AI-based customer service bots.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.