KPMG to Acquire Optimum Solutions
Big Four firm KPMG LLP has agreed to acquire Optimum Solutions, an Oracle Platinum Partner that provides management consulting and implementation services for organizations using Oracle Corp.’s enterprise software.
Financial terms for the transaction, which is expected to close later this fall, were not disclosed.Based in San Francisco and founded in 1999, the HCM Oracle solution provider is expected to help KPMG address clients’ enterprise resource planning, human capital and business intelligence needs.
“Our clients are working harder than ever to transform their operations and effectively use technology to enable this change,” said KPMG chairman and CEO John B. Veihmeyer in a statement. “Optimum’s deep ERP expertise will enhance the ability of KPMG’s existing Oracle implementation practice to help our clients address business needs through technology-enabled solutions, especially in the areas of HCM and business intelligence.”
The practice will benefit from Optimum’s focus on Oracle’s latest Fusion HCM product suite.
“Combining Optimum’s enterprise business processes knowledge, industry-leading Oracle product expertise, and technology integration experience with the KPMG brand, global footprint and vast capabilities in people, process, technology and risk consulting, positions us extremely well to help our clients execute large-scale enterprise transformation initiatives,” said Optimum CEO John Houtary in a statement. “Joining the KPMG team takes Optimum to the next level in our ability to serve our clients.”
“Optimum’s highly experienced people and in-demand capabilities are directly aligned with KPMG’s growth strategy,” stated Lynne M. Doughtie, who was recently named vice chair of advisory at the Big Four firm. “They’re an ideal fit that will provide added value to clients from Day One and will complement other KPMG investments in the business transformation space, including KPMG’s recent acquisition of EquaTerra announced in February.”