Huron Consulting Group announced that it has entered into an agreement to acquire the assets of Blue Stone International, LLC, a provider of Oracle professional services supporting enterprise performance management, information management and business intelligence solutions.
"Blue Stone is a highly respected Oracle Platinum Partner with a strong track record of growth built on providing integrated solutions to address clients' complex decision-support needs. Our respective areas of expertise are complementary, and our cultures and management styles are well matched," said James Roth, CEO and President of Huron Consulting Group. "The acquisition will supplement our value-driven offerings within the higher education and healthcare markets, and enhance Blue Stone's ability to continue to serve the office of the CFO across a diverse set of industries."
Huron is historically one of Consulting magazine's Best Firms to Work For. Blue Stone International was named on the publication's Seven Small Jewels in 2013. Blue Stone has about 100 billable consultants and Jay Laabs, it's Managing Director and Founder, was projecting $22 million in revenue for the firm this year.
"We are excited to join Huron and expand our CFO centric service capabilities to offer companies a comprehensive and integrated solution to both their business intelligence and Enterprise Resource Planning (ERP) needs," Laabs says. "Huron and Blue Stone share a common set of values, and when we combine forces we will be able to expand our relationships with existing and new clients."
Blue Stone's focus is on helping Chief Financial Officers better understand their businesses, which has fostered steady growth of Blue Stone's client base and revenue over the past eight years, Laabs says. The firm is a Platinum-level Oracle
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