KPMG LLP Completes Acquisition of Optimum Solutions

NEW YORK, Oct. 17, 2011 /PRNewswire/ -- KPMG LLP, the U.S. audit, tax and advisory firm, today announced that it has completed the acquisition of Optimum Solutions, a leading provider of management consulting and implementation services for organizations utilizing Oracle Corp.'s enterprise software.  The acquisition was initially announced on September 29, 2011.

"The addition of Optimum Solutions immediately helps KPMG address the growing, broad-based demand for ERP and HR transformation capabilities we're seeing in the market," said John B. Veihmeyer, KPMG LLP Chairman and CEO.  "We're very pleased to welcome Optimum's great team to KPMG and look forward to their smooth transition into the firm."

The Optimum acquisition strengthens KPMG's Oracle consulting business, helping clients use technology to transform key operations such as human capital management (HCM), finance and accounting, business intelligence and supply chain management.  

"Optimum's experienced professionals enhance KPMG's system implementation capabilities and further support our ability to help clients anticipate market dynamics, define growth strategies, manage talent across borders and optimize their operations," said Lynne Doughtie, KPMG LLP vice chair – Advisory.    

"The Optimum team is proud to be joining KPMG and realizing the tremendous opportunities we see in helping clients execute their large-scale enterprise transformation initiatives," said John Houtary, Chief Executive Officer of Optimum.  

Financial terms of the agreement will not be disclosed.

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.

SOURCE KPMG LLP