Deloitte has acquired Melbourne-headquartered information and data management consulting business, NeoData Australia. The founders and staff will join the professional services firm’s consulting enterprise tchnology practice on 12 August 2019.
Terms of the transaction were not disclosed.
NeoData is an information services consultancy that specialises in reporting, analytics, and business modelling solutions. NeoData has a strong position in the ANZ region based on deep technical and functional skills in the Oracle technology and applications portfolio.
Neodata’s team bring deep functional process knowledge to all aspects of finance, HR and procurement, customer experience, and supply chain systems, working across a range of industries, including financial services, higher education, technology, media and telecommunications, and all levels of government.
NeoData’s three leaders will join Deloitte Consulting’s Enterprise Technology practice as partners (CEO Dr. Tas Osianlis and COO Robert Loughnane) and as a principal (CTO Gergo Bacskai). Approximately 20 staff will join Deloitte offices in Melbourne, Sydney and Perth.
Deloitte CEO, Richard Deutsch, said, “We continue to see significant client demand for business-focused consulting enabled by deep technology expertise. This transaction – our first for the new financial year – builds on other technology additions we have made in recent years, as well as enhancing the value we can bring to Deloitte’s formal alliance with Oracle that includes an Asia Pacific team of more than 3,500 Oracle cloud experts.”
“As back office and digital transformation offerings mature, organisations are looking for smarter ways to use and interrogate their data. Our clients, particularly in financial services, asset management and supply chain, are looking to us to help them succeed with their critical technology projects,” said Deloitte Managing Partner Consulting, Kaylene O’Brien.
“NeoData is known in the market for its deep Oracle cloud capabilities, and the team’s analytics expertise in particular will complement and strengthen Deloitte’s Oracle team, enabling us to offer the full suite of services required in complex end-to-end implementations.”
Incoming Deloitte Consulting Enterprise Technology partner and CEO of NeoData, Dr. Tas Osianlis, said, “We focus on understanding the customer’s business and invest time and effort to understand them and the industries they work in. This knowledge and awareness of the business processes that create value for our customers, underpins our consulting approach, and the design of solutions that work for them.”
“Our focus is our customers and we evolve around them. This has manifested by way of broadening our technology services portfolio to include the cloud service applications and platforms that our customers are including in their IT architecture,” Osianlis said.