Deloitte is building up its Oracle practice skills through purchasing Melbourne-based information and data management consultant, NeoData Australia.
NeoData CEO Tas Osianlis and COO Robert Loughnane will join Deloitte Consulting’s Enterprise Technology practice as partners, and CTO Gergo Bacskai will be a principal. About 20 NeoData staff will join Deloitte offices in Melbourne, Sydney and Perth from 12 August.
The financial terms of the deal haven't been disclosed.
According to Deloitte, the NeoData team provide deep functional process knowledge across all aspects of finance, HR and procurement, customer experience and supply chain systems covering industries such as financial services, education, technology, media and telecommunications as well as government.
NeoData recently gained recognition as Oracle’s APAC specialised partner of the year, which it has achieved four years in a row since 2016.
Deloitte Oracle lead and enterprise technology partner, Peter Nikandrow, said NeoData was Oracle’s strongest and most experienced business intelligence and analytics implementation partner in the A/NZ region.
“We’ve worked with Tas and his team for over a year on multiple projects; so we’ve been courting for a while and it’s great to be able to take our relationship to the next level and have the team join as part of the Deloitte family,” Nikandrow said.
Deloitte CEO Richard Deutsch further added it was continuing to see significant client demand for business-focused consulting enabled by deep technology expertise.
"This transaction – our first for the new financial year – builds on other technology additions we have made in recent years, as well as enhancing the value we can bring to Deloitte’s formal alliance with Oracle that includes an Asia Pacific team of more than 3,500 Oracle cloud experts," he said.
Furthermore Deloitte managing partner consulting Kaylene O’Brien said NeoData’s analytics expertise will complement and strengthen Deloitte’s Oracle team, providing a full suite of services required in complex end-to-end implementations.
“As back office and digital transformation offerings mature, organisations are looking for smarter ways to use and interrogate their data. Our clients, particularly in financial services, asset management and supply chain, are looking to us to help them succeed with their critical technology projects,” O’Brien said.
Osianlis pointed out its success was due to staying focused on understanding the customer’s business, and invest time and effort to understand the industries they work in.
“This knowledge and awareness of the business processes that create value for our customers, underpins our consulting approach, and the design of solutions that work for them. Our focus is our customers and we evolve around them,” Osianlis said. “This has manifested by way of broadening our technology services portfolio to include the cloud service applications and platforms that our customers are including in their IT architecture.
“We’ve always seen data as a valuable asset, if it's used in the context of the best business practices. Planning, operational management and innovation are all vastly different processes with different data requirements. There is great value in data, if business processes are great.
"We see Deloitte's enormous depth in these areas to be highly complementary. We are all passionate “about our customers, their success, and the technologies that can be applied to realise great outcomes - we are very excited to be joining Deloitte."
Throughout the years, Deloitte has made some significant acquisitions to its technology consulting team which include the purchase of Dataweave in 2014; AWS cloud specialist, CloudTrek and Microsoft Azure integration consultancy Mexia.