Huron Consulting Group Inc. (NASDAQ: HURN), a leading provider of business consulting services, today announced that it has entered into an agreement to acquire the assets of Blue Stone International, LLC, a provider of Oracle professional services supporting enterprise performance management, information management and business intelligence solutions.
"Blue Stone is a highly respected Oracle Platinum Partner with a strong track record of growth built on providing integrated solutions to address clients’ complex decision-support needs. Our respective areas of expertise are complementary, and our cultures and management styles are well matched,” said James H. Roth, chief executive officer and president, Huron Consulting Group. "The acquisition will supplement our value-driven offerings within the higher education and healthcare markets, and enhance Blue Stone’s ability to continue to serve the office of the CFO across a diverse set of industries.”
“We are excited to join Huron and expand our CFO centric service capabilities to offer companies a comprehensive and integrated solution to both their business intelligence and Enterprise Resource Planning (ERP) needs,” said Jay Laabs, managing director and founder, Blue Stone International. “Huron and Blue Stone share a common set of values, and when we combine forces we will be able to expand our relationships with existing and new clients.”
Blue Stone was founded by professionals with deep expertise in Oracle’s Enterprise Performance Management (EPM) technologies, corporate finance, and consulting. The firm’s focus is on helping Chief Financial Officers better understand their businesses, which has fostered steady growth of Blue Stone’s client base and revenue over the past eight years. When the company becomes a part of Huron, the Blue Stone team will continue providing business intelligence capabilities, advisory services and analytic solutions to the C-Suite, including strategic modeling, budgeting, forecasting and other business analytic services. The business offering will strengthen Huron’s existing work in this same space within higher education and healthcare, and also serve as a platform for growth in other industries such as banking, hospitality, insurance, oil and gas, real estate, retail, and utilities.