Deloitte Agrees to Acquire Solbourne, an Innovative Consulting Firm Focused on Oracle Applications

"We look forward to welcoming members of Solbourne to Deloitte," said Karen Mazer, Deloitte's Oracle service line leader. "The acquisition of Solbourne by Deloitte will strengthen and extend our existing Oracle E-Business Suite and PeopleSoft Enterprise capabilities for clients, which can further establish Deloitte as a leading Oracle systems integrator.

"Solbourne has a strong reputation for excellence that has resulted from its most vital asset -- its people. The people at Solbourne are a reflection of the organization's core values: dedication to professional excellence and the entrepreneurial spirit, recognition of individual contributions and team achievements, respect for the individual, and value and support of diversity," added Mazer.

"At the heart of the agreement is a shared commitment to professional excellence, clients and our people," said Walt Pounds, president of Solbourne. "Early on in our discussions, the Solbourne management team recognized that joining Deloitte would allow the organization to build on its history of excellence, and provide our people with a chance to continue to grow and build upon their careers through opportunity and choice."

This addition will improve Deloitte's ability to capitalize on Oracle's strategic direction by broadening and deepening Deloitte's service capabilities in Oracle's core and emerging applications and technology products, such as Human Capital and Fusion Middleware, and reinforce Deloitte's position as a market leader of Oracle-related consulting services.

"This acquisition will introduce new practitioners to the technology integration service area who share Deloitte's passion for delivering technology-enabled business transformation services," said Janet Foutty, Deloitte Consulting LLP's Technology Integration National Managing Director. "I am very impressed with Solbourne's experience and leadership in the area of Fusion Middleware. Together, we can continue to help our clients in their efforts to solve their most critical information and technology challenges."

As a Certified Advantage Partner, the highest membership level in the Oracle(R) PartnerNetwork, Deloitte's worldwide Oracle service line has more than 5,400 professionals, possessing deep industry and functional knowledge across Oracle's full line of applications and technology. In addition, Deloitte's affiliates have capabilities in tax, finance, HR, risk and business consulting -- as well as systems implementation-related consulting.

About Solbourne

Solbourne provides enterprise solutions based on Oracle Fusion Middleware technology and Oracle's E-Business Suite and PeopleSoft Enterprise applications. Our goal is to help our customers realize the full benefit of their investment in Oracle technology. Solbourne 15 years of success, depth of experience and commitment to customer success have established us as a leader in the Oracle community. For more information about Solbourne, please visit www.solbourne.com.

About Deloitte

As used in this document, "Deloitte" means Deloitte Consulting LLP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.

    Contact: John La Place
             Public Relations
             Deloitte
             +1 212 492 4267
             jlaplace@deloitte.com

SOURCE Deloitte

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