Deloitte acquires Oracle cloud consultancy Magia Options
Professional services company Deloitte made its second cloud-focused purchase in two weeks, acquiring Perth-based technology consultancy Magia Solutions for an undisclosed amount.
Deloitte’s M&A team struck again when the company acquired Perth-based Oracle cloud specialist Magia Solutions – the ink had barely dried when it bought cloud managed services company Sliced Tech. According to Deloitte, the company has one of the deepest Oracle Cloud competencies in the country, with Magia’s Australia-wide team of 75 employees joining Deloitte Consulting in mid-December, including its C-suite as a partner.
“This is such an exciting opportunity for the Magia business and our employees,” said Surend Dayal, CEO of Magi, who led the public ANZ business from Oracle before moving in 2019 to a major Oracle operator, and this move is the right time for magia. We have been working with Deloitte for some time and know that the firm is the right organization culturally and strategically. “
Dayal also recognized the “vision, strategy and delivery of services” of Magia CFO Steve Solomon and CTO Peter Crew who founded the company in its modern form in 2014 before earning Oracle Platinum Partner status in 2017. Magi provides consulting, implementation, training, and support services for a range of Oracle products serving customers in the transportation, education, government, mining, and retail sectors, among others.
“We are constantly looking for ways to build our local Oracle and broader technology teams, and with the addition of the Magia team, Deloitte will be a local leader in Oracle cloud services. We are very excited to welcome Steve, Peter, Surend and Chris and their talented team to Deloitte, ”said CEO Adam Powick, who noted the“ very strong ”local cloud market and its significant potential for further growth.
The latter point was taken up by Deloitte’s leading Oracle partner, Peter Nikandrow, who said market conditions had prompted Oracle to develop new features for its human capital management solution and special incentives for Oracle Cloud Fusion enterprise performance management customers. “The introduction of the cloud during and after Covid-19 is seen by business leaders as an opportunity to streamline their processes and enable flexibility in their business models.”
In the cloud space, the transaction comes just two weeks after Deloitte secured the acquisition of the public sector-focused Sliced Tech, and follows the acquisition of Melbourne-based Oracle CX cloud implementation specialist Ekulus late last year together with Oracle Data analytics company NeoData in 2019.
The broader cloud M&A craze is fueled by a local market that is expected to reach $ 11 billion by 2032.