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May 13, 2010

Grant Thornton US buys IT consulting company

Grant Thornton US has acquired Dallas-based IT consulting and software solutions company Avalion Consulting.

The transaction falls under Grant Thornton’s Business Advisory Services (BAS) group and is of particular importance to Grant Thornton’s governance, risk, compliance and IT practice due to Avalion’s patented Software as a Service (SaaS) solution.

The SaaS solution is a technical foundation for a process-based approach to governance, risk management and compliance requirements, including Sarbanes-Oxley Act (SOX) compliance, internal audit and enterprise risk management.

Grant Thornton said the new software will enable its clients to manage their compliance processes more efficiently and effectively.

Grant Thornton partner and Central Region BAS practice leader Michael Bennett said clients will now be able to solve business challenges with IT-enabled solutions – particularly as market conditions improve and they begin to undertake major change initiatives to renew technology infrastructure and core business capabilities.

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