 "Hitachi Consulting Acquires Sierra Atlantic")
Hitachi Consulting, the provider of business and IT strategies and solutions, has acquired Sierra Atlantic, the offshore enterprise applications and outsourced product development company. The acquisition will expand Hitachi Consulting’s footprint with the addition of offshore Global Development Centres in Hyderabad, India, and Guangzhou, China, along with a global delivery model. It will also bring expanded capabilities to Hitachi Consulting’s Oracle business.
Sierra Atlantic offers a portfolio of enterprise application implementation and management services to customers – using Oracle, PeopleSoft, Siebel, Microsoft and Agile– in the discrete and process manufacturing, life sciences, financial services and retail industries. It also provides software development, testing and support services to software companies.
“Hitachi Consulting is committed to aggressively expanding our global business through organic growth as well as large-scale and market-specific acquisitions,” said Phil Parr, President and CEO, Hitachi Consulting. “This very strategic acquisition will increase the depth and breadth of our solutions portfolio to further position Hitachi Consulting as a top-tier IT professional services company. Our companies share some very strong synergies because our industry focus and geographies are well-aligned. Even more significantly, Sierra Atlantic brings very valuable strengths to the table that will allow us to provide our customers with global end-to-end lifecycle support. Hitachi Consulting understands that in today’s challenging market we can leverage non-organic growth for our strategic advancement. To further strengthen our position and drive innovative solutions for our customers, we will continue to seek out these types of complementary relationships.”
“Sierra Atlantic is extremely pleased to join a company with the outstanding calibre and deep expertise that Hitachi Consulting holds. With its global brand and rich corporate culture, Hitachi Consulting will make a great home for our employees,” said Raju Reddy, Chairman and CEO, Sierra Atlantic. “We look forward to integrating our experience and business models into a winning combination to provide our existing customers with richer capabilities and help drive new growth.”
“The comprehensive applications management and outsourcing solutions provided by Sierra Atlantic, combined with their global delivery model, will enhance our current services to quickly accelerate the growth of our Managed Services Business,” said Doug Allen, Executive Vice President of Managed Solutions, Hitachi Consulting. “Our combined solutions move us closer to realising our strategic goal of supporting our clients globally with an end-to-end solution including design-build-run and managed services.”
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