Grant Thornton LLP has acquired the Oracle consulting business of MarketSphere LLC, a Kansas City, Mo.-based business consulting firm.
The acquisition, effective Sept. 1, expands Grant Thornton’s Technology Solutions practice, which is part of the firm’s Business Advisory Services. Financial terms of the deal were not disclosed. Grant Thornton ranked sixth on Accounting Today’s 2013 list of the Top 100 Firms, with over $1.24 billion in annual revenue.
“Expanding our capabilities in the technology consulting space in order to provide our dynamic clients with a more comprehensive suite of innovative advisory services is a key firm objective, and this transaction positions Grant Thornton to continue its focused growth,” said Grant Thornton CEO Stephen Chipman in a statement.
The acquisition brings to Grant Thornton more than 160 consultants who provide business process and technology consulting services to a wide range of mid-market organizations across the United States.
The unit’s team will join Grant Thornton’s Advisory Services professionals, who focus on providing independent advice to public, private and not-for-profit organizations in areas such as business consulting, mergers and acquisitions, forensics, valuation, restructuring and risk and controls. The Grant Thornton team advises on complying with changing legislation, managing risk, containing costs, leveraging technology investments, streamlining business processes and identifying strategic transaction opportunities.
As a Platinum-level member of Oracle PartnerNetwork and an Oracle Accelerate solution provider, the MarketSphere Oracle Solutions unit has hands-on expertise with Oracle’s Enterprise Resource Planning, Human Capital Management, Enterprise Performance Management, and Business Intelligence product suites. The business unit was awarded the 2012 Oracle Excellence Award for Business Intelligence and Data Warehousing and the 2012 Oracle Fusion Middleware Innovation Award for Business Analytics.
“This combination is an excellent fit from a strategic and cultural perspective that gives our Oracle practice and team members a platform to grow and provides our clients with a broader range of process and industry skills, as well as the ability to serve them on a global scale,” said MarketSphere CEO Steve Sestak.
MarketSphere will continue to operate its Unclaimed Property and Marketing Operations practices.