Deloitte stated it is purchasing substantially all of the assets of Oco, though details on financial and employment specifics of the deal were not disclosed.
In outlining the proposed purchase in a news release, Deloitte highlighted plans to extend its suite of hosted analytics applications and support, as well as plans to introduce mobile BI and industry-specific analytics. William Copacino, Oco president and CEO, said in a news release that his company’s role as part of Deloitte would center on business analytics offerings and rapid deployment capabilities.
Howard Dresner, chief research officer at Dresner Advisory Services, says the initial news on the acquisition has caused little stir on social media outlets and comes from the SaaS BI segment that he says has been fairly quiet as of late. However, Dresner says the asset acquisition shows Deloitte’s seriousness about the business analytics market space and adds to their platform.
“Oco have got a reasonable solution and they’ve been doing it for quite a while, but maybe it just becomes a feature. Does this just become a service offering from the overall lineup from Deloitte?” Dresner says.
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