Deloitte acquires Oracle cloud consultancy Magia Solutions

21 October 2021 3 min. read
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Professional services firm Deloitte has made its second cloud-focused purchase in a fortnight, picking up Perth-based technology consultancy Magia Solutions for an undisclosed sum.

Deloitte’s M&A team has struck again, with the firm acquiring Perth-based Oracle cloud specialist Magia Solutions – the ink barely having dried on its purchase of cloud managed services company Sliced Tech. According to Deloitte, the deal will see it boast one of the deepest Oracle cloud skill-sets in the country, with Magia’s Australia-wide team of 75 due to cross to Deloitte Consulting in mid-December, including its C-suite as partners.

“This is such an exciting opportunity for the Magia business and our people,” said Magi CEO Surend Dayal, who led Oracle’s ANZ public sector business prior to crossing in 2019. “We always felt that at some point we would need to join forces with a bigger Oracle operator, and this move is the right time for Magia. We have been collaborating with Deloitte for some time, and we know the firm is the right organisation in terms of cultural and strategic fit.”

Deloitte acquires Oracle cloud consultancy Magia Solutions

Dayal also paid tribute to the “vision, strategy and delivery of services” of Magia CFO Steve Solomon and CTO Peter Crew, who founded the company in its modern incarnation in 2014 before gaining Oracle Platinum partner status in 2017. Magi provides consulting, implementation, training and support services across a range of Oracle products, serving among others clients in the transport, education, government, mining and retail sectors.

“We are continually looking for opportunities to build our local Oracle and broader technology team capability and with the addition of the Magia team, Deloitte will be a local market leader in Oracle Cloud services. We are really excited about welcoming Steve, Peter, Surend and Chris and their talented team to Deloitte,” said CEO Adam Powick, who noted the “very strong” local cloud market and its significant potential for further growth.

The latter point was taken up by Deloitte’s lead Oracle partner Peter Nikandrow, who said that market conditions had driven Oracle to develop new features for its human capital management solution and special incentives for Oracle Cloud Fusion enterprise performance management customers. “Cloud adoption, during and post Covid-19, is seen by business leaders as a way to streamline their operations and enable flexibility in their business models.”

Within the cloud space, the deal comes just two weeks after Deloitte secured the purchase of public sector focused Sliced Tech, and follows of from its acquisition of Melbourne-based Oracle CX Cloud implementation specialist Ekulus toward the end of last year along with Oracle data analytics firm NeoData in 2019.

The wider cloud M&A frenzy is being driven by a local market projected to exceed a worth of $11 billion by 2032.