Business consulting services provider
Huron Consulting Group Inc.
) recently inked an agreement to acquire Blue Stone International
LLC, a provider of Oracle professional services, for $30 million
in cash. The transaction is likely to be completed by early
October subject to the fulfillment of customary closing
conditions and regulatory approvals.
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Blue Stone focuses on providing business intelligence
capabilities, advisory services and analytic solutions primarily
to Chief Financial Officers (CFO) of diverse firms. These
services include strategic modeling, budgeting, forecasting and
other business analytic services. Technical inputs from Blue
Stone enable its clients to address complex decision-making
processes through a well-informed in-depth analysis.
These complimentary services are likely to strengthen Huron's
product portfolio within the higher education and healthcare
sector, and also serve as a platform for growth in other
industries such as banking, hospitality, insurance, oil and gas,
real estate, retail, and utilities. Post-acquisition, Blue Stone
will form an integral part of the Huron Education and Life
Sciences segment, which includes its Oracle ERP (Enterprise
Resource Planning) services practice.
On the other hand, the acquisition will enable Blue Stone to
expand its CFO-centric service capabilities for a comprehensive
and integrated solution to business intelligence and ERP
requirements. With complimentary service offerings and operating
cultures, the combined company is likely to extend its client
portfolio as well, thereby augmenting revenues.
With in-depth analysis, customized advice and tailor-made
solutions for sustainable and measurable results, Huron helps
clients in diverse industries to improve performance, reduce
costs, leverage technology, address regulatory changes and
stimulate growth. The company offers consulting services to
healthcare organizations, leading academic institutions, Fortune
500 companies, governmental entities and law firms.
Huron has a Zacks Rank #2 (Buy). Other notable companies in the
industry that warrant a look include
Corporate Executive Board Co.
The Hackett Group, Inc.
), each carrying a Zacks Rank #2 (Buy).