January 5, 2011 – The consulting division of electronics giant Hitachi announced its intent to buy Sierra Atlantic, a company specializing in outsourcing and enterprise application implementation.
Hitachi Consulting stated Tuesday it would expand its position in enterprise application integration and data center markets with the acquisition of Sierra Atlantic. Headquartered in California, Sierra Atlantic develops enterprise applications and outsources product creation in financial services, retail and life sciences , primarily for customers using Microsoft and Oracle solutions.
Sierra Atlantic was founded in 1993, and has about 200 enterprise customers and 2,300 employees, mostly at offices in China and India, according to a presentation on the proposed deal.
Doug Allen, executive vice president for managed solutions for Hitachi Consulting, which is based in Dallas, noted the potential global impact his company could have from Sierra Atlantic’s work in India and China. Allen said Sierra Atlantic’s intellectual property assets and high-level strategic partnerships enable Hitachi to be a “viable alternative” to top tier enterprise service providers.
“Our combined solutions move us closer to realizing our strategic goal of supporting our clients globally with an end-to-end solution including design-build-run and managed services,” Allen said during a conference call.
Financial terms of the deal were not disclosed, though Hitachi stated it expects the deal to close this fiscal quarter.
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