NEW YORK, Sept. 29, 2011 /PRNewswire/ -- KPMG LLP, the U.S. audit, tax and advisory firm, today announced it has agreed to acquire Optimum Solutions, an Oracle Platinum Partner, strengthening KPMG's ability to help clients use technology to transform key operations such as human capital management (HCM), finance and accounting, business intelligence and supply chain management.
The transaction is expected to close later this fall. Financial terms will not be disclosed.
Founded in 1999 and based in San Francisco, Optimum provides management consulting and implementation services for organizations utilizing Oracle Corp.'s enterprise software.
As an industry-leading HCM Oracle solution provider, Optimum is strongly positioned to address clients' enterprise resource planning (ERP), human capital and business intelligence needs, helping them to more effectively and profitably manage their operations.
"Our clients are working harder than ever to transform their operations and effectively use technology to enable this change," said John B. Veihmeyer, Chairman and CEO of the U.S. audit, tax and advisory firm. "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 combined offering will also help clients better leverage their human capital and empower their talent with the right information, at the right time, to improve performance and drive profitable growth. Optimum's focus on Oracle's latest Fusion HCM product suite – a key set of applications in Oracle's product strategy -- will add to KPMG's capabilities in this important area.
"Optimum's respected marketplace reputation and strong client base complement KPMG's fast- growing transformation capabilities, further enhancing our Oracle consulting services," Veihmeyer said.
John Houtary, Chief Executive Officer of Optimum, said, "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. Joining the KPMG team takes Optimum to the next level in our ability to serve our clients."
Lynne M. Doughtie, recently announced KPMG LLP vice chair -- Advisory, added, "Optimum's highly experienced people and in-demand capabilities are directly aligned with KPMG's growth strategy. 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."
About KPMG LLP
KPMG LLP, the audit, tax and advisory firm (www.us.kpmg.com), is the U.S. member firm of KPMG International Cooperative ("KPMG International.") KPMG International's member firms have 138,000 professionals, including more than 7,900 partners, in 150 countries.
About Optimum Solutions
Optimum Solutions (http://www.optimumsolutions.com/) is an Oracle Platinum Partner and leading implementer of Oracle® E-Business Suite, Oracle's PeopleSoft Enterprise and Oracle® Business Intelligence solutions. Combining superior product knowledge with a deep understanding of enterprise business processes and industry best practices, Optimum Solutions partners with clients to help support them in their strategic, tactical and transformation initiatives.
Dan Ginsburg/Bob Wade
SOURCE KPMG LLP