San Francisco, CA – May 12, 2016 – FocalPoint Partners, LLC (“FocalPoint”) served as exclusive financial advisor to ADI Strategies, Inc. (“ADI” or the “Company”) on its recent sale to Huron Consulting Group, Inc. (“Huron”), a leading provider of business consulting services.
Headquartered in San Francisco, California, ADI Strategies is a leading enterprise performance management, risk management, and business intelligence firm focused on implementing the Oracle enterprise application suite. As an Oracle Platinum Partner, ADI helps companies work more effectively by designing, building, and implementing analytic solutions to give clients a greater understanding of their information assets.
“I know that I speak for the entire team at ADI when I say that we are extremely excited to join Huron,” said Mario Desiderio, President at ADI Strategies. “Huron and ADI Strategies have a similar set of guiding values and a strong commitment to client service. The combination of our firms will create an organization that is uniquely positioned to capitalize on the market opportunities presented by the rapidly evolving enterprise applications, analytics and technology landscape.”
Regarding the transaction, Muizz Kheraj. Managing Director and leader of FocalPoint’s Technology Practice, said, “We are excited to announce this closing as it represents another successful transaction for FocalPoint within the technology consulting space. We expect firms like ADI, that build deep vertical expertise both in and around cloud-based and analytics solutions, to be increasingly attractive M&A candidates in the coming years. It has truly been a pleasure to work with the talented ADI team and we are proud of the results we achieved, including the partner we found ADI, in Huron.”
About Huron Consulting Group, Inc.
Huron (Nasdaq: HURN) is a global professional services firm focused on assisting clients with their most complex business issues by delivering high-value, quality solutions to support their long-term strategic objectives. Huron specializes in serving clients in the healthcare, higher education, life sciences, and commercial sectors as these organizations face significant transformational change and regulatory or economic pressures in dynamic market environments. With its deep industry and technical expertise, Huron provides advisory, consulting, technology, and analytic solutions to deliver sustainable and measurable results. For more information on Huron, visit huronconsultinggroup.com.
About FocalPoint Partners, LLC
FocalPoint Partners is an independent investment bank specializing in mergers and acquisitions, private placements (both debt and equity), 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 digital and mobile media, marketing and ad tech, cloud computing infrastructure and apps, tech consulting and entertainment tech. For more information on FocalPoint Partners, visit focalpointllc.com.