element61 announces intention to acquire VRS Consulting

element61 announces intention to acquire VRS Consultingelement61, the thought-leading Performance Management consulting company, today announced its intent to acquire privately held VRS Consulting, the Business Intelligence Innovator.

Founded in 2001, VRS Consulting built its reputation as a leading implementation partner of SAP Business Intelligence solutions by employing experienced, certified SAP BW & BI consultants. VRS Consulting has been a frontrunner and innovator, dedicated to SAP Business Intelligence; with a strong focus on customer satisfaction and very specific expertise in SAP BW performance tuning and SAP BW data quality and SAP BI & BW governance initiatives. The team has over 30 man-years of SAP Business Intelligence & Business Warehouse project experience.

"The acquisition of VRS Consulting is key to element61's strategy to offer end-to-end SAP Enterprise Performance Management and Business Intelligence services” comments Stijn Vermeulen, Managing Director element61. "With the 2007 acquisitions of Business Objects and Outlooksoft, SAP now is able to offer a complete suite of Performance Management functionality. element61 has been an early adopter by investing in both training and acquiring the right skills and people to be able to design & implement solutions based on the SAP Business Warehouse back-end infrastructure combined with the newly acquired front-end technologies. VRS Consulting extensive SAP BW experience further extends our unique SAP Business Intelligence & Performance Management skillset”.

"By combining forces with element61, we join a company that shares our focus on and passion for Performance Management” said Thierry Helderweirt, founder and Managing Director of VRS Consulting. "We are joining over 155 years of BI & PM expertise and will be able to leverage skills of senior professionals, not only in the areas of the -by SAP acquired- front-end Performance Management applications but also in functional & strategic consulting expertise around Performance Management”.

Upon the close of the acquisition, expected by fall 2009, the VRS Consulting team of 8 people will become part of the SAP Performance Management Competence Center at element61.

About element61

Founded in March 2007, element61 is the thought-leading Performance Management and Business Intelligence consulting company in the Belgian marketplace. element61 has the ambition to bring together the most experienced team in Performance Management. In less than 2 years, the company has grown to 16 senior consultants with -in average- 9 years of experience in PM & BI, serving over 15 blue chip customers and attaining over 2.400.000 € annual revenues in 2008.

element61 firmly believes in the convergence of Business Intelligence and Financial Analytical Applications (CPM) into a single concept and market place of Performance Management. element61 acts as a Center of Excellence that has both the capacity and the quality large organizations require to successfully implement Performance Management. element61 has skills, competence centers and relationships with all leading vendors of Performance Management software including IBM, Microsoft, Oracle, SAP and SAS but puts the customer first in defining PM architectures that deliver business value across technology platforms.