San Francisco, CA - May 12, 2016 - Legacy FocalPoint, now B. Riley Securities ("B. Riley") served as exclusive financial advisor to ADI Strategies, Inc. ("ADI" or the "Company") on its recent sale to Huron Consulting Group, Inc. ("Huron"), a leading provider of business consulting services.
Headquartered in San Francisco, California, ADI Strategies is a leading enterprise performance management, risk management, and business intelligence firm focused on implementing the Oracle enterprise application suite. As an Oracle Platinum Partner, ADI helps companies work more effectively by designing, building, and implementing analytic solutions to give clients a greater understanding of their information assets.
"I know that I speak for the entire team at ADI when I say that we are extremely excited to join Huron," said Mario Desiderio, President at ADI Strategies. "Huron and ADI Strategies have a similar set of guiding values and a strong commitment to client service. The combination of our firms will create an organization that is uniquely positioned to capitalize on the market opportunities presented by the rapidly evolving enterprise applications, analytics and technology landscape."
Regarding the transaction, Muizz Kheraj. Managing Director and leader of B. Riley's Technology Practice, said, "We are excited to announce this closing as it represents another successful transaction for [B. Riley] within the technology consulting space. We expect firms like ADI, that build deep vertical expertise both in and around cloud-based and analytics solutions, to be increasingly attractive M&A candidates in the coming years. It has truly been a pleasure to work with the talented ADI team and we are proud of the results we achieved, including the partner we found ADI, in Huron."
About Huron Consulting Group, Inc.
Huron (Nasdaq: HURN) is a global professional services firm focused on assisting clients with their most complex business issues by delivering high-value, quality solutions to support their long-term strategic objectives. Huron specializes in serving clients in the healthcare, higher education, life sciences, and commercial sectors as these organizations face significant transformational change and regulatory or economic pressures in dynamic market environments. With its deep industry and technical expertise, Huron provides advisory, consulting, technology, and analytic solutions to deliver sustainable and measurable results. For more information on Huron, visit huronconsultinggroup.com.
About B. Riley Securities
B. Riley Securities is a leading investment bank that provides a full
suite of investment banking, corporate finance, advisory, research, and
sales and trading services. Investment banking services include initial,
secondary, and follow-on offerings, institutional private placements,
merger and acquisition (M&A) advisory, SPACs, corporate
restructuring, and recapitalization. The firm is nationally recognized
and highly ranked for its proprietary small-cap equity research. B.
Riley Securities is a wholly owned subsidiary of B. Riley Financial. For
more information, visit www.brileysecurities.com.
Please contact Nishen Radia at 310-405-7040, or Muizz Kheraj at 310-405-7019 with any questions about this transaction.