PricewaterhouseCoopers International Limited (PwC) history, company profile (overview) and history video
PricewaterhouseCoopers International Limited (PwC) is a multinational professional services network of firms, providing audit and assurance, consulting, and tax services. It is headquartered in the United Kingdom. Its services cover cloud and digital, deals, ESG, cybersecurity and privacy, governance/boards, risk, transformation, tax services, and others.
HISTORY
PricewaterhouseCoopers (PwC) was founded in 1998 from a merger between Price Waterhouse and Coopers & Lybrand. Both accounting companies originated in London during the mid-1800s.
In 1849, Samuel Lowell Price founded an accountancy practice in London, England.
In 1854, William Cooper established his own accountancy practice in London, which seven years later, when his three brothers joined, became Cooper Brothers.
In 1865, Price, Holyland, and Waterhouse joined forces in partnership.
In 1874, Partners changed its name to Price, Waterhouse & Co.
In 1898, Robert H. Montgomery, William M. Lybrand, Adam A. Ross Jr., and his brother T. Edward Ross formed Lybrand, Ross Brothers, and Montgomery.
In 1957, Cooper Brothers & Co (UK), McDonald, Currie and Co (Canada), and Lybrand, Ross Bros & Montgomery (US) merged to form Coopers & Lybrand.
In 1982, Price Waterhouse World Firm was formed.
In 1990, Coopers & Lybrand merged with Deloitte Haskins & Sells in several countries around the world.
1998, Pricewaterhouse and Coopers & Lybrand merged to create PricewaterhouseCoopers.
In 2002, PricewaterhouseCoopers’ partners approved the sale of PricewaterhouseCoopers Consulting to IBM.
In 2010, PricewaterhouseCoopers formally shortened its brand name to PwC but legally remains PricewaterhouseCoopers.
PwC is considered one of the largest professional services networks in the world, with a global network of over 328,000 professionals in more than 150 countries. According to Forbes, PricewaterhouseCoopers International Limited is considered one of the Largest Public Companies in the World.
*Information from Forbes.com, Wikipedia.org, and www.pwc.com/us/en.
**Video published on YouTube by “ PwC Chile“.