Deloitte Acquires Oracle Consultancy Magia Options
Deloitte has announced it will acquire Australian Oracle Cloud consulting firm Magia Solutions, according to a statement released by the company. The terms of the deal were not disclosed.
This is the # 663 technology M&A deal ChannelE2E has covered so far in 2021. Here you will find a list of all technology M&A deals for 2021 and 2020.
Deloitte acquires Oracle consulting firm Magia Solutions
Adam Powick, CEO of Deloitte Australia
This is Deloitte’s second purchase in Australia announced this month. In early October 2021, Deloitte acquired Sliced Tech, a Canberra-based cloud and security-centric MSP that works closely with Fortinet and BlackBerry.
Magia’s 75-strong team is headquartered in Perth with offices in Brisbane, Sydney, Canberra and Melbourne. The Magia team will officially join Deloitte Consulting’s Oracle group on November 15, 2021, the announcement said. Steve Solomon (CFO), Peter Crew (CTO), Surend Dayal (CEO) and Chris Hinds (COO) become partners of Deloitte Consulting. The acquisition of Magia Solutions will position Deloitte as one of the largest Oracle service providers in the Australian market.
Magia Solutions has been operating as SDS Group since 2006 and the current iteration was founded in 2014 by Steve Solomon and Peter Crew. Magia has been a member of the Oracle PartnerNetwork since 2017 and offers consulting, implementation, training and support services for ERP, HCM and CX modules.
Deloitte takes over Magia: A Cultural and Professional Fit
Surend Dayal, CEO, Magia Solutions
Surend Dayal, CEO of Magia, said:
“This is such an exciting opportunity for the Magia business and our people, and a real recognition of what Steve Solomon and Peter Crew have achieved in terms of their vision, strategy and service delivery. … We have always felt that at some point we would have to partner with a larger Oracle operator, and this is the right time for Magia. We have worked with Deloitte for a while and know that they are the right organization in terms of culture and strategic direction, providing local and global opportunities for our employees, and relentlessly committed to providing customer service. “
Adam Powick, CEO of Deloitte Australia, said:
“The Australian market for Oracle cloud services is very strong and has significant growth potential. We are constantly looking for ways to build our local Oracle and broader technology team and we look forward to welcoming Steve, Peter, Surend and Chris and their talented team to Deloitte. With the Magia team, Deloitte becomes a local leader in Oracle cloud services with one of the most comprehensive capabilities in the country. We really like the cultural and professional fit of our two organizations and are very much looking forward to what we can achieve together in the market. “
