Deloitte Acquisition Boosts Firm in BI and Analytics Marketplace
Deloitte solidified its business intelligence capabilities with its May 9 deal to acquire substantially all of Oco’s assets.
Oco touted itself as the only SaaS BI provider to deliver business analytics, multiple-source data integration, and data warehousing as a comprehensive, integrated solution that scales to meet the needs of large and medium sized organizations. Deloitte said the deal with Oco further demonstrated the firm’s commitment to the managed analytics marketplace.“Oco’s capabilities and market position can extend Deloitte’s presence at the forefront of the high-growth area of business analytics,” the firm said. More and more businesses are looking for both analysis and real insights gleaned from multiple sources without having to make significant investments in internal infrastructure and support,” said Deloitte Consulting Principal and Deloitte Analytics Leader Jane Griffin. “This acquisition enhances our ability to help further an organization’s existing business analytics and data management strategy. We can help businesses realize faster time-to-value through more immediate access to critical business data from disparate sources.” Oco’s business analytics applications provide actionable insights that accelerate business transformation into revenue and profitability, customer behavior, supply chain performance and after-market services performance, according to the firm.
The firm announced its deal in a press release