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PricewaterhouseCoopers Company History Timeline


PricewaterhouseCoopers was created on 1 July 1998 by the merger of two firms - Price Waterhouse and Coopers & Lybrand - each with historical roots going back some 160 years.

Formed in 1998 from a merger between Price Waterhouse and Coopers & Lybrand, PwC has a history in client services that dates back to the nineteenth century.

1998 - Price Waterhouse and Coopers & Lybrand merge to create PricewaterhouseCoopers.

The firm was created in 1998, when Coopers & Lybrand merged with Price Waterhouse.

In 1998, Price Waterhouse merged with Coopers & Lybrand to form PricewaterhouseCoopers (written with a lowercase "w" and a camelcase "C").


For these reasons, in 2000, Ernst & Young was the first of the Big Four to sell its consulting services, to Capgemini.

PwC therefore planned to capitalize on MCS's rapid growth through its sale to Hewlett Packard (for a reported $17 billion) but negotiations broke down in 2000.

In 2000, PwC acquired Canada's largest SAP consulting partner Omnilogic Systems.


In March 2002 Arthur Andersen, LLP affiliates in Hong Kong and China completed talks to join PricewaterhouseCoopers, China.

PwC announced in May 2002 that its consulting activities would be spun off as an independent entity and hired an outside CEO to run the global firm.

In October 2002, PwC sold the entire consultancy business to IBM for approximately $3.5 billion in cash and stock.

2002 - PricewaterhouseCoopers' partners approve sale of PricewaterhouseCoopers Consulting to IBM.


2004 - PricewaterhouseCoopers implements the Connected Thinking methodology.


PwC began rebuilding its consulting practice with acquisitions such as Paragon Consulting Group and the commercial services business of BearingPoint in 2009.


2010 - PricewaterhouseCoopers formally shortens its brand name to PwC but legally remains PricewaterhouseCoopers.


In 2012 the firm acquired Logan Tod & Co, a digital analytics and optimisation consultancy, and Ant's Eye View, a social media strategy development and consulting firm to build upon PwC's growing Management Consulting customer impact and customer engagement capabilities.


On 30 October 2013, the firm announced that it would acquire Booz & Company, including the company's name and its 300 partners, after a December vote by Booz & Company partners authorized the deal.

On 4 November 2013, the firm acquired BGT Partners, a 17-year-old digital consultancy.


In October 2016, PwC and InvestCloud, LLC, the world's largest Digital App Platform announced that they entered into a non-exclusive joint business relationship, designed to accelerate adoption and implementation of the InvestCloud Digital App Platform.


UK labour market data, April 2017 - PwC comments


Veritas Capital acquired PwC's US public sector business in 2018, and branded the new company as Guidehouse.

Company Founded
New York, NY
Company Headquarter
Edwin Waterhouse,Samuel Price,William Cooper
Company Founders
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PricewaterhouseCoopers may also be known as or be related to PricewaterhouseCoopers, PricewaterhouseCoopers LLP, PricewaterhouseCoopers LLP (Canada), Pricewaterhousecoopers LLP, Pwc and PwC.