Bowstring Advises Optimal Solutions on its Acquisition of The Glenture Group
December 30, 2011 | Atlanta, GA
The Glenture Group, LLC (“Glenture”), an enterprise performance management and business intelligence solutions company, announced that it has been acquired by Optimal Solutions Integration, Inc. (“Optimal”). Optimal is a leading SAP consulting and solutions company that works with businesses and government organizations worldwide. Terms of the transaction were not disclosed.
Under the terms of the agreement, Glenture and Optimal will unify their respective practice areas for delivering SAP Enterprise Performance Management (SAP EPM) and SAP BusinessObjects Business Intelligence (SAP BI) solutions.
Glenture’s practice area for delivering Microsoft-based business intelligence solutions will retain the Glenture brand.
Dmitry Faybysh, Managing Partner of Glenture, said, “Optimal Solutions is a well-established SAP consulting firm with a great reputation for helping companies and public sector organizations of all sizes leverage SAP solutions to achieve operational excellence, sustainable growth, and a clear-cut competitive advantage. Combining Glenture and Optimal’s experience and capabilities — particularly delivering SAP BPC solutions — makes Optimal an even more formidable player in these increasingly vital solution areas.”
Sam Sliman, President of Optimal, said, “Given today’s turbulent global economy, businesses are investing in solutions that enable them to more confidently execute planning, budgeting, forecasting and financial consolidation processes. There’s also a strong and growing demand for analytic and business intelligence tools that provide the accurate real-time reporting and insight needed to adapt to change, avert risk, exploit new opportunities, and keep execution aligned with strategy. The combination of Optimal and Glenture puts us squarely in the middle of these trends.”
Sliman added, “I’d like to acknowledge the Bowstring Advisors team. Their knowledge of the SAP ecosystem and support throughout the process was instrumental in the completion of this transaction.”
I’d like to acknowledge the Bowstring Advisors team. Their knowledge of the SAP ecosystem and support throughout the process was instrumental in the completion of this transaction.
Optimal Solutions Integration