Deerfield, IL., December 30, 2011 - The Glenture Group, LLC (“Glenture”), an enterprise performance management and business intelligence solutions company, announced that it has been acquired by Optimal Solutions Integration, Inc. (“Optimal”). Optimal is a leading SAP consulting and solutions company that works with businesses and government organizations worldwide. Terms of the transaction were not disclosed.
Under the terms of the agreement, Glenture and Optimal will unify their respective practice areas for delivering SAP Enterprise Performance Management (SAP EPM) and SAP BusinessObjects Business Intelligence (SAP BI) solutions.
Glenture’s practice area for delivering Microsoft-based business intelligence solutions will retain the Glenture brand
Dmitry Faybysh, Managing Partner of Glenture, said, “Optimal Solutions is a well-established SAP consulting firm with a great reputation for helping companies and public sector organizations of all sizes leverage SAP solutions to achieve operational excellence, sustainable growth, and a clear-cut competitive advantage. Combining Glenture and Optimal’s experience and capabilities -- particularly delivering SAP BPC solutions -- makes Optimal an even more formidable player in these increasingly vital solution areas.”
Sam Sliman, President of Optimal, said, “Given today’s turbulent global economy, businesses are investing in solutions that enable them to more confidently execute planning, budgeting, forecasting and financial consolidation processes. There’s also a strong and growing demand for analytic and business intelligence tools that provide the accurate real-time reporting and insight needed to adapt to change, avert risk, exploit new opportunities, and keep execution aligned with strategy. The combination of Optimal and Glenture puts us squarely in the middle of these trends.” Sliman added, “I’d like to acknowledge the CHILDS Advisory Partners team. Their knowledge of the SAP ecosystem and support throughout the process was instrumental in the completion of this transaction.”
Optimal Solutions Integration is a new breed of consulting firm dedicated to driving business transformation for companies and public sector organizations of all sizes. As an award winning SAP services partner, Optimal provides a comprehensive offering of SAP solutions and services, a proven methodology for accelerated delivery of SAP solutions, deep industry expertise, and a flexible onsite/offshore delivery model that accommodates the reality of business today. Optimal specializes in helping companies maximize ROI on their SAP applications by planning, deploying and maintaining world-class solutions in a timeframe they require, and at a cost they demand. For more information about Optimal Solutions Integration, visit, www.optimalsol.com
The Glenture Group is a consulting firm specializing in the delivery of business analytical solutions that help clients manage complex financial and operational performance challenges. The Glenture delivery team offers extraordinary industry expertise coupled with deep technical capabilities. Since 2001, Glenture has helped world-class companies design and implement solutions for financial planning and analysis, business intelligence and enterprise information management. Glenture’s clients range from small, emerging companies to the Global 100, and deliver solutions across the United States and worldwide. For more information visit: www.glenture.com
About CHILDS Advisory Partners
CHILDS Advisory Partners provides exceptional investment banking services to high‐performing business services and technology companies. Our unique combination of global sector focus, process excellence and strength of team allow us to achieve successful outcomes for our clients. Collectively, our senior bankers have executed over 450 M&A and financing transactions. CHILDS is a member of FINRA and SIPC and is a registered broker‐dealer.
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CHILDS Advisory Partners