Huron Consulting Group has acquired ADI Strategies, a US based Oracle specialist with a focus on enterprise performance management, risk management, and business intelligence. The deal sees 100+ ADI employees join Huron’s ranks in North America, Middle East and Asia.
Founded in 2002, ADI Strategies is an Oracle Platinum Partner that helps companies work more effectively by designing, building and implementing analytic solutions to give clients a greater understanding of their information assets. The firm is based in San Francisco, and has further offices in Carlsbad and Chicago (US), Pune (India), Istanbul (Turkey) and Dubai (UAE).
As part of Huron wider aspirations to grow its IT consulting practice, the firm has picked up ADI Strategies. Terms of the acquisition, which is expected to close in May 2016, have not been disclosed. More than 100 employees will join the Business Advisory unit of Huron, with Mario Desiderio, Don Davis, Murat Demirkol, and Mike Willhelm, senior leaders at ADI Strategies, joining the Chicago headquartered firm as managing directors. Globally Huron has over 2,500 consultants, generating revenues of around $700 million.
The transactions creates, according to Jay Laabs, managing director and EPM&A practice leader at Huron Consulting Group, one of the largest growing Oracle application and analytics practices in the US. “Combining the businesses better positions Huron to support the financial, operational, and technology-related needs of our expanding global client base with a stronger, more robust team and broader solutions.” The added offerings will focus on cloud based Oracle solutions, says Laabs. “As our clients continue their migration towards the cloud for their mission-critical functions, we will leverage ADI Strategies’ deep Oracle expertise to offer a comprehensive set of solutions supported by an expanded remote delivery capability.”
Mario Desiderio, president at ADI Strategies, says he is “extremely excited to join Huron”, adding “Huron and ADI Strategies have a similar set of guiding values and a strong commitment to client service. The combination of our firms will create an organisation that is uniquely positioned to capitalise on the market opportunities presented by the rapidly evolving enterprise applications, analytics and technology landscape.”
Late last year Huron sat at the other side of the deal table when it divested its legal division, Huron Legal, to Consilio, an advisory firm that specialises in litigation and eDiscovery. The move was part of Huron’s broader strategic reorientation plan, in which it has decided to focus more on management consulting and IT consultancy.