KPMG entered into an agreement to acquire the Oracle ERP practice of The Hackett Group, a strategic advisory and business transformation consulting firm.
This transaction broadens KPMG's existing ERP capabilities and further enhances the firm's Oracle consulting services, says Stephen Lis, KPMG's U.S. leader for Management Consulting. Adding the deep and focused IT experience of these professionals to KPMG's Enterprise Solutions practice builds on the firm's ability to address clients' technology enablement and enterprise transformation needs.
"We are excited about the impact these experienced ERP professionals will have as we continue to build a world-class Oracle technology enablement business," says Lis. "These professionals come from an organization with a strong Oracle implementation reputation and will immediately expand our value proposition. In addition, KPMG will become The Hackett Group's preferred provider for Oracle ERP implementation services."
Stephen Chase, KPMG's service line leader for Technology, added, "This transaction complements KPMG's investments in our fast-growing business transformation capabilities, further building on our October 2011 acquisition of Optimum Solutions, an Oracle Platinum Partner. We remain focused on helping clients use technology to transform key operations, such as human capital management (HCM), finance and accounting, tax, business intelligence and supply chain management."
The transaction is expected to close in the near term. Financial terms of the agreement were not disclosed.
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