CHICAGO--(BUSINESS WIRE)--Huron Consulting Group Inc. (NASDAQ: HURN), a leading provider of business consulting services, today announced its intent to acquire the U.S. assets of ADI Strategies, Inc., a leading enterprise performance management, risk management, and business intelligence firm focused on implementing the Oracle enterprise application suite. Huron is also in the process of acquiring the international assets of ADI Strategies, Inc. in Dubai and India. An agreement for these assets is expected to be signed in the second quarter of 2016.
The transactions will create one of the largest and fastest growing Oracle application and analytics practices, delivering the latest advisory and technology consulting services to a broader client base, while enhancing the combined organization’s scale and capabilities.
“Our businesses are rapidly growing and highly complementary, and combining them will better position 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,” said Jay Laabs, managing director and EPM&A practice leader at Huron Consulting Group. “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.”
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. ADI Strategies is based in San Francisco. More than 100 employees will join Huron, with Mario Desiderio, Don Davis, Murat Demirkol, and Mike Willhelm joining as managing directors.
“I know that I speak for the entire team at ADI Strategies when I say that we are extremely excited to join Huron,” said Mario Desiderio, president, ADI Strategies. “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 organization that is uniquely positioned to capitalize on the market opportunities presented by the rapidly evolving enterprise applications, analytics and technology landscape.”
For reporting purposes, ADI Strategies will be included in the Huron Business Advisory segment. Terms of the U.S. asset acquisition, which is expected to close in May 2016, were not disclosed.
About Huron Consulting Group
Huron is a global professional services firm focused on assisting clients with their most complex business issues by delivering high-value, quality solutions to support their long-term strategic objectives. Huron specializes in serving clients in the healthcare, higher education, life sciences, and commercial sectors as these organizations face significant transformational change and regulatory or economic pressures in dynamic market environments. With its deep industry and technical expertise, Huron provides advisory, consulting, technology, and analytic solutions to deliver sustainable and measurable results. Learn more at www.huronconsultinggroup.com.
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