Technology consultancy Theta has completed its acquisition of Auckland-based business intelligence firm Indigo, growing the team to over 50 specialist consultants in Auckland, Wellington and Christchurch.
Established in the Auckland BI market, Indigo counts University of Auckland and The Warehouse among its many medium and large enterprise customers with Director Sefton Thesing set to join Theta’s specialist BI practice.
Theta becomes the New Zealand agent for enterprise BI application MicroStrategy as part of the Indigo acquisition, a move which compliments the company’s existing partnerships with Microsoft, IBM, Oracle, Qlik and WhereScape for a full spectrum of BI solutions.
“This is an excellent opportunity to grow our BI team and the company as a whole,” says Rob Lee, CEO, Theta.
“It fits squarely within our strategic objective of expansion by acquisition. Indigo has a great track record in a complementary set of technologies, and the MicroStrategy partnership rounds out our BI offering.”
Six Degrees, Indigo’s enterprise budgeting, planning and forecasting solution built on the MicroStrategy platform, is also part of the deal with Theta planning "continued investment" in the product.
As a result, Indigo's managing director Peter Hanley will be focused on business development activities to take Six Degrees to international markets,
“We’re pleased that Indigo has become part of a larger company," Hanley adds. "Theta has the resources and expertise to support our existing customers, tackle big BI projects and back our Six Degrees product as we take it to market.”
Scott Tunbridge, MicroStrategy Channels Director Australia & NZ, says the company is "very excited" to be working with Theta.
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"Our customers will benefit from their enhanced capabilities and expertise, and we also see fantastic opportunities to increase our already strong presence in the New Zealand enterprise BI market," he adds.