Theta acquires Indigo, positioned as top NZ BI consultancy
Theta acquires Indigo, cementing position as top NZ BI consultancy
Auckland, 9 December 2014 - Technology consultancy Theta last month completed its acquisition of Auckland-based business intelligence firm Indigo. Theta’s business intelligence team grows to more than 50 specialist consultants in Auckland, Wellington and Christchurch as a result of the acquisition.
Indigo is well known and established in the Auckland BI market. It counts University of Auckland and The Warehouse among its many medium and large enterprise customers. Indigo’s highly regarded consulting team, including Director Sefton Thesing, will join Theta’s specialist BI practice.
Theta becomes the New Zealand agent for enterprise BI application MicroStrategy as part of the Indigo acquisition. This complements the company’s existing partnerships with Microsoft, IBM, Oracle, Qlik and WhereScape for a full spectrum of BI solutions.
Six Degrees, Indigo’s enterprise budgeting, planning and forecasting solution built on the MicroStrategy platform, is also part of the deal. Theta plans continued investment in the product, with Indigo's Peter Hanley focused on business development activities to take Six Degrees to international markets.
“This is an excellent opportunity to grow our BI team and the company as a whole,” said Theta CEO Rob Lee. “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.”
Scott Tunbridge, MicroStrategy Channels Director Australia & NZ, said: “MicroStrategy is very excited to be working with Theta. 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.”
Indigo Managing Director Peter Hanley adds: “We’re pleased that Indigo has become part of a larger company. 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.”
Established in 1995, Theta is a NZ-based technology consultancy with 165 staff and offices in Auckland, Wellington and Christchurch. Theta helps organisations to transform their businesses with technology, by designing, delivering and supporting solutions across four key areas - business intelligence, software development, business solutions and systems management.
Six Degrees is an enterprise level financial software application, delivering real-time, collaborative budgeting, forecasting and financial consolidation with the power of MicroStrategy for reporting and analytics.
Founded in 1989, MicroStrategy (Nasdaq: MSTR) is a leading provider of enterprise software platforms. The company's mission is to provide the most flexible, powerful, scalable, and user-friendly analytics and identity management platforms, offered either on premises or in the cloud.