IRVING, TX - January 5, 2012 - Optimal Solutions Integration, Inc., a leader in SAP®-based business transformation, today announced it has acquired The Glenture Group, a Deerfield, IL-based consulting firm that provides enterprise performance management and business intelligence solutions that help clients better manage complex financial and operational performance challenges.
Under the terms of the agreement, Glenture and Optimal will unify their respective practice areas for delivering SAP Enterprise Performance Management (SAP EPM) and SAP BusinessObjects Business Intelligence (SAP BI) solutions.
Glenture's practice area for delivering Microsoft®-based business intelligence solutions will retain the Glenture brand and operate as an independent business unit led by Glenture Managing Partner Andre Fomin.
Said Dmitry Faybysh, managing partner for Glenture, "Optimal Solutions is a well established SAP consulting firm with a great reputation for helping companies and public sector organizations of all sizes leverage SAP solutions to achieve operational excellence, sustainable growth, and a clear-cut competitive advantage. Combining Glenture and Optimal's experience and capabilities -- particularly delivering SAP BPC solutions -- makes Optimal an even more formidable player in these increasingly vital solution areas."
Added Glenture Managing Partner Andre Fomin, "This is a tremendous opportunity for Glenture's Microsoft Business Intelligence group. With Optimal, we retain the autonomy to pursue Microsoft-related opportunities while gaining access to the resources needed to ramp up our team and invest in the development of robust tools that further reduce the risk and price point of deploying Microsoft BI solutions. We are very excited about the growth possibilities."
Jim Archuleta, Glenture managing partner, said, "We at Glenture are looking forward to being part of the Optimal team. Existing Glenture customers can depend on the same high-levels of service and expertise, and will benefit from the deeper resources and broader capabilities of the Glenture-Optimal combination. We know that together we can accomplish great things in the SAP and Microsoft marketplaces."
Said Gurvendra Suri, CEO for Optimal Solutions, "Hard work, customer value, competitive pricing and deep SAP expertise have fueled Optimal's growth from day one and are the primary reasons why Optimal currently ranks among the largest pure-play SAP solution and services providers in the world. We plan to continue executing our aggressive growth strategy -- both organically and, when it makes sense, via acquisition. Glenture's high-caliber leadership team, world-class consultant workforce, and strong heritage with SAP BPC made it a very attractive and strategic acquisition target."
Said Sam Sliman, president for Optimal Solutions, "Given today's turbulent global economy, businesses are investing in solutions that enable them to more confidently execute planning, budgeting, forecasting and financial consolidation processes. There's also a strong and growing demand for analytic and business intelligence tools that provide the accurate real-time reporting and insight needed to adapt to change, avert risk, exploit new opportunities, and keep execution aligned with strategy. The combination of Optimal and Glenture puts us squarely in the middle of these trends."
About The Glenture Group
The Glenture Group is a consulting firm specializing in the delivery of business analytical solutions that help clients manage complex financial and operational performance challenges. The Glenture delivery team offers extraordinary industry expertise coupled with deep technical capabilities. Since 2001, Glenture has helped world-class companies design and implement solutions for financial planning and analysis, business intelligence and enterprise information management. Glenture's clients range from small, emerging companies to the Global 100, and we deliver solutions across the United States and worldwide. For more information visit: www.glenture.com
About Optimal Solutions Integration, Inc.
Optimal Solutions Integration is a new breed of consulting firm dedicated to driving business transformation for companies and public sector organizations of all sizes. As an award-winning SAP services partner, Optimal provides a comprehensive offering of SAP solutions and services, a proven methodology for accelerated delivery of SAP solutions, deep industry expertise, and a flexible onsite/offshore delivery model that accommodates the reality of business today. Optimal specializes in helping companies maximize ROI on their SAP applications by planning, deploying and maintaining world-class solutions in a timeframe they require, and at a cost they demand. For more information about Optimal Solutions Integration, visit, www.optimalsol.com
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