San Francisco, CA – Huron Consulting Group, Inc. (“Huron”) has announced the acquisition of the assets of ADI Strategies, Inc. (“ADI” or the “Company”) in Dubai, United Arab Emirates, and Pune, India. This acquisition represents the second completed transaction between Huron and ADI. FocalPoint Partners, LLC (“FocalPoint”) served as exclusive financial advisor to ADI in both transactions.
ADI is a leading enterprise performance management, risk management, and business intelligence firm focused on implementing the Oracle enterprise application suite. Together, Huron and ADI will help companies in diverse industries design, build and implement analytics solutions that enable those businesses to work more effectively and gain a greater understanding of their information assets.
Regarding the transaction, Muizz Kheraj, Managing Director and leader of FocalPoint’s Technology Practice, said, “We continue to be active in the technology-enabled business services segment and view technology consulting firms with deep vertical expertise, like ADI, to be attractive M&A candidates. It was our pleasure to work with the ADI team and believe that we teamed them with a great partner, in Huron.”
Nishen Radia, Managing Partner at FocalPoint commented, “Technology continues to be an active industry sector for FocalPoint. We are excited to have worked on this successful sale to Huron, a leading global professional services firm, strengthening our deep and long-term relationships with the key leaders within this segment. This deal also represents another international transaction for FocalPoint, building on our firm’s significant cross-border capabilities. We look forward to many future successful transactions.”
Huron is a global professional services firm committed to achieving sustainable results in partnership with its clients. The company brings depth of expertise in strategy, technology, operations, advisory services, and analytics to drive lasting and measurable results in the healthcare, higher education, life sciences, and commercial sectors. Through focus, passion and collaboration, Huron provides guidance to support organizations as they contend with the change transforming their industries and businesses.
FocalPoint is an independent investment bank, specializing in mergers and acquisitions, private placements, financial restructurings and special situation transactions. With offices in Los Angeles and Chicago, the firm serves middle market clients throughout the U.S. and has a dedicated technology team covering a diverse range of industry segments, including technology consulting, cloud computing, big data, digital media, mobile, SAAS, system integration, and advertising technology. Since its inception in 2002, FocalPoint has completed more than $6 billion in total transactions. For more information about FocalPoint Partners, visit focalpointllc.com.