Knightsbridge Solutions announced the acquisition of BASE Consulting Group, Oakland, Calif., solidifying its position as the largest independent professional services provider specializing in the business intelligence/data warehousing market.
In addition to expanding service offerings to Fortune 500 clients, the union brings Knightsbridge's headcount to approximately 220 employees with projected annual revenue of $44 million. The company's client list will boast 20 percent of the Fortune 100.
"The IT consulting business has taken several hits over the last few years, but Knightsbridge has managed to rise above its competition by realizing revenue growth, remaining profitable and exploring new means of corporate growth and expansion," states Rod Walker, president and CEO of Knightsbridge. "Our merger with BASE Consulting makes us more competitive because we can now offer our Fortune 500 clients more comprehensive, end-to-end information solutions." These information solutions help large organizations manage their enterprise data for better decision-making and insight into operations.
BASE Consulting brings business expertise and depth in business intelligence, analytic applications and training to complement Knightsbridge's deep technical skills in "big-data" environments. As a result, Knightsbridge has enhanced its ability to offer consulting services that help companies collect, organize and distribute high-volume or complex data. This can range from information strategy and architecture through design, implementation, testing, rollout and training.
"The merger of our two organizations is good for our current and future customers, partners, employees and shareholders," said Jonathan Wu, BASE Consulting chairman.
Knightsbridge and BASE Consulting will realize additional synergies in their geographic coverage, vertical market penetration, vendor partnerships and customer relationships.
According to Doug Laney, vice president and service director, META Group, "IT consulting in the data warehousing and business intelligence space continues to become more competitive, yet decidedly polarized. In the gap between the global systems integrator generalists and the local data warehousing boutiques lies a significant opportunity for consultancies that aggressively and exclusively focus on being full-service analytic solution providers. Enterprises employing these firms will find ample resources dedicated to and profoundly experienced in the discipline and nuances of data warehousing."
Terms of the transaction were not disclosed.
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