Oracle Cloud Partner Evosys Acquires Newbury Taleo Group
The Massachusetts-based Newbury specializes in Oracle Cloud talent acquisition solutions. The buy-out means Newbury will immediately offer end-to-end Oracle Cloud HCM and ERP solutions to client organizations, the company said.
The prospective deal, which was first announced at the Oracle HCM World conference, is expected to close within the next 30 days. The merger will establish Evosys as one of the largest Oracle Cloud solutions providers with more than 870 customers across the globe, the company said.
Newbury Taleo Group will be rebranded “Newbury Cloud powered by Evosys.” The new entity will concentrate on industry-specific value propositions.
Leaders Applaud the Deal
Evosys CEO Umang Nahata and Newbury CEO John Weston of Newbury each said the deal will benefit both organizations. “The deal will help Evosys capitalize on Newbury Taleo Group recognition across small businesses and major markets in North America,” said Nahata.
Weston, meanwhile, said Newbury will “gain the opportunity to build one of the industry’s best Oracle Cloud HCM practices” through its merger with Evosys. There was no discussion of whether customers could expect any changes to management as a result of the deal.
Evosys began operations more than a decade ago, implementing Oracle Cloud solutions across all product pillars for organizations of all sizes. That makes the company one of the world’s fastest growing Oracle Cloud partners, according to its own website. The company has more than 900 employees and serves more than 240 Oracle Cloud customers worldwide in a variety of industries.
Newbury Taleo Group was founded in 2014 and serves more than 630 customers in the US and Canada.
Oracle Partner Mergers & Acquisitions
Multiple Oracle partners have completed M&A deals in recent months. Examples include:
- Velocity Technology Solutions acquired Oracle partner Mercury Technology Group in December.
- Also in December, BV Investment Partners bought control of Apps Associates, an IT services company with expertise in Amazon AWS, Salesforce, Netsuite, as well as Oracle Cloud.
- In June 2017, Oracle Cloud migration specialist Drivestream received a cash influx from global IT services company Wipro.
Oracle itself has been working to fend off Amazon Web Services, unveiling major cloud infrastructure and data center investments at this year’s Oracle CloudWorld 2018 in February.