Deloitte has acquired analytics and financial performance management business, Bistech. Terms of the deal were not disclosed.
Founded in 2000, Bistech helps clients to better understand and harness their business-critical data, leveraging cloud technologies and modern analytics solutions to make informed business decisions and achieve enhanced performance.
Bistech co-owners, Shane Morgan, Justin Hoareau and Brad Culbert will be joining the consulting practice in leadership positions, with Brad Culbert joining as a Partner.
With them, 17 consultants will begin to work from Deloitte’s offices in Brisbane from the beginning of April in Deloitte’s analytics and cognitive consulting practice.
Culbert said joining Deloitte would help the team to extend the scope and scale of solutions they deliver to clients, “There is a growing demand for multi-technology solutions that drive higher business impact by leveraging data.
“Together with Deloitte, we are excited to lead the way towards these modern business solutions and continue guiding clients to success.”
Hoareau adds, “The opportunity for our people and customers going forward is significant and we look forward to continuing to deliver high quality professional services and genuine value to our customers. We are proud to be joining the Deloitte family and working together as a team.”
Deloitte is bolstering its data & analytics services as companies across Australia and the Asia-Pacific region deploy data and analytics platforms to manage disparate data sets with higher volumes, to secure deeper insights and value from data. According to Deloitte, technological advancements are supporting this, with the data analytics market in Asia-Pacific forecasted to grow at a compounded annual growth rate of 25.5 per cent during 2020 to 2023 to reach to $35.7 billion by 2023.
Richard Deutsch, CEO at Deloitte said, “As clients increasingly explore shifting their data capabilities to the cloud, businesses are at a tipping point as they adopt more holistic data strategies.
“Australia’s data analytics market is expected to deliver the fourth fastest growth rate in Asia-Pacific behind China, Indonesia, and India – so the timing is right for Deloitte to welcome Bistech’s significant capability and experience to our Data Modernisation practice.”
Kaylene O’Brien, consulting managing partner at Deloitte said, “The Bistech team bring a great mix of business and technical expertise that is increasingly in demand from clients seeking to extract maximum benefit from their data. Their service offerings closely align with client demand, including data architecture, cloud data solutions migration, data asset modernisation, predictive analytics and machine learning.”