March 4, 2013

KPMG Acquires The Hackett Group’s Oracle ERP Practice

In mid-February, KPMG announced the signing of an agreement to acquire the Oracle ERP Practice from The Hackett Group (THG), a strategic advisory and business transformation consulting firm. While financial information was not disclosed, the practice is estimated to have generated revenue of approximately $12 million. The acquisition adds additional Oracle implementation expertise and complements KPMG’s acquisition of Optimum Solutions in late 2011. Through the acquisition, KPMG will become THG’s preferred provider of Oracle ERP implementation services going forward.

From a broader perspective, the acquisition is in line with KPMG’s aggressive growth strategy that includes broadening and strengthening its existing services and developing new solutions. As we have stated several times before, we expect KMPG and others such as E&Y, Deloitte and PwC to continue to be highly acquisitive over the next 12 -18 months.