Bi3 Solutions Announces the Acquisition of Octet Consulting

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Bi3 Solutions, Inc. and its newly acquired subsidiary Octet Consulting, Inc. focus on Collaborative Performance Management solutions for the public and private sectors.

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– Bi3 Solutions, Inc. is pleased to announce the completion of its acquisition of Octet Consulting, Inc. Together, the two companies will focus on Collaborative Performance Management to help both public and private organizations meet their strategic objectives. Collaborative Performance Management (CPM) has been defined by Bi3 Solutions as closing the loop between organizational strategy, planning, process management, analysis and reporting to enable efficient execution.

“The combination of Bi3 Solutions and Octet Consulting will provide our clients with a powerful and comprehensive set of solutions for Collaborative Performance Management. These solutions range from strategy definition, balanced scorecarding and CPM HealthChecks to full lifecycle solutions including implementation, deployment and organizational change management,” says Greg Hatfield, President and co-founder of Bi3 Solutions.

“Customers are calling for solutions that go beyond traditional business intelligence to close the gap between strategy and execution,” says Thomas Groh, Senior Vice President and co-founder of Bi3 Solutions. “Our combined teams are a powerful force that helps organizations enable efficient execution by facilitating collaboration and providing an integrated approach to strategy, planning, process management, and analysis.”

Octet Consulting will focus exclusively on the design and development of systems for financial reporting, budgeting and planning to support analysis and decision making. Octet offers planning, analysis and reporting solutions tailored to healthcare, retail, government, education, energy, financial services, and other business sectors.

Under the terms of the acquisition agreement, which was approved by both boards of directors and finalized this last month, Octet Consulting is now a wholly owned subsidiary of Bi3 Solutions.

In the combined company, Gregory S. Hatfield will continue as Chief Executive Officer and President of both entities. Bob Shelley, founder of Octet Consulting, joins Bi3 Solutions as Chairman of the Board and Chief Financial Officer. He will take on the same roles with Octet. John Popham joins Bi3 Solutions as Vice President in charge of Sales, Marketing and Client Relations. Says Popham, “The two companies have been working as an integrated organization for over six months now. The only impact to our clients will be an expanded portfolio of services.”

“Both Bi3 Solutions and Octet are passionate about creating solutions that enable our customers to succeed and excel in a business climate of constant change,” says Shelley. “Together we are positioned very well in a market segment of growing importance.”

Bi3 Solutions and Octet Consulting – Moving Organizations Forward.

For more information visit http://www.bi3solutions.com or contact Greg Hatfield at 510-521-8865 x101.

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