KPMG Agrees To Acquire Oracle ERP Practice From The Hackett Group

      KPMG Agrees To Acquire Oracle ERP Practice From The Hackett Group

PR Newswire

NEW YORK, Feb. 20, 2013

NEW YORK, Feb. 20, 2013 /PRNewswire/ --KPMG LLP, the U.S. audit, tax and
advisory firm, today announced it has entered into an agreement to acquire the
Oracle Enterprise Resource Planning (ERP) practice of The Hackett Group
(NASDAQ: HCKT), a global strategic advisory and business transformation
consulting firm.

This transaction broadens KPMG's existing ERP capabilities, while further
enhancing the firm's Oracle consulting services. Adding the deep and focused
IT experience of these professionals to KPMG's Enterprise Solutions practice
builds on the firm's ability to address clients' technology enablement and
enterprise transformation needs.

The transaction is expected to close in the near term. Financial terms of the
agreement will not be disclosed.

"We are excited about the impact these experienced ERP professionals will have
as we continue to build a world-class Oracle technology enablement business,"
said Stephen Lis, KPMG's U.S. leader for Management Consulting. "These
professionals come from an organization with a strong Oracle implementation
reputation and will immediately expand our value proposition. In addition,
KPMG will become The Hackett Group's preferred provider for Oracle ERP
implementation services."

Stephen Chase, KPMG's service line leader for Technology, added, "This
transaction complements KPMG's investments in our fast-growing business
transformation capabilities, further building on our October 2011 acquisition
of Optimum Solutions, an Oracle Platinum Partner. We remain focused on helping
clients use technology to transform key operations, such as human capital
management (HCM), finance and accounting, tax, business intelligence and
supply chain management."

KPMG has an aggressive growth strategy that includes broadening and
strengthening existing services; developing new solutions; acquiring
organizations and professionals to complement and expand its capabilities; and
building a significant Alliance portfolio to help clients meet their business
needs.

About KPMG LLP
KPMG LLP, the audit, tax and advisory firm (www.kpmg.com/us), is the U.S.
member firm of KPMG International Cooperative ("KPMG International"). KPMG
International's member firms have 152,000 professionals, including more than
8,600 partners, in 156 countries.

Contact: Bob Wade/Melissa Skabich
         KPMG LLP
         201-307-7482/7022

SOURCE KPMG LLP

Website: http://www.kpmg.com/us
 
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