Hitachi's Consulting Arm Buys Offshore Developer Sierra Atlantic
Hitachi Consulting, the global consulting division of Japan's Hitachi Ltd., said Jan. 4 that it has acquired Oracle and Microsoft enterprise application developer Sierra Atlantic of Newark, Calif.
Terms of the transaction were not disclosed.
Because Sierra Atlantic has offshore development locations in Hyderabad, India, and Guangzhou, China, the acquisition is aimed at expanding Dallas-based Hitachi Consulting's influence in the data center middleware and application integration markets.
Sierra Atlantic, founded in 1993, employs about 2,400 people worldwide and has about 200 enterprise customers, including several Fortune 1000 companies. Most of its verticals are in the process manufacturing, life sciences, financial services and retail industries.
The company specializes in providing enterprise application implementation and management services to customers using Oracle, PeopleSoft, Siebel, Microsoft and Agile software, Hitachi Consulting President and CEO Phil Parr told a conference call audience of analysts and reporters.
"Our companies share some very strong synergies because our industry focus and geographies are well-aligned," Parr said. "Even more significantly, Sierra Atlantic brings very valuable strengths to the table that will allow us to provide our customers with global end-to-end lifecycle support."
Hitachi Consulting, founded in 2000, has a client base that includes 25 percent of the Global 100 in addition to many midmarket companies. Hitachi Ltd., headquartered in Tokyo, is one of the world's largest electronics companies, with approximately 360,000 employees worldwide and $96.4 billion in annual revenue.
The acquisition is expected to be completed in the current fiscal quarter.