Oracle joins firm for e-business launch
Mid-tier firm BDO Stoy Hayward and computer giant Oracle are set to join forces to launch an advisory and risk management service for e-business investors.
The new venture, to be called ReGeneration, follows the two parties decision to form an e-commerce initiative in January aimed at providing the firm’s clients advice on moving into the online world.
ReGeneration will be aimed at venture capitalists and advisers, but the pair have denied the agreement will lead to a formal merger along the lines of the tie-up between Ernst & Young and Cap Gemini.
BDO corporate finance partner Andrew Ware, explained: ‘Typical review outcomes could include strengthening internal financial disciplines, introducing new management, transferring assets and intellectual property into the business’ ownership or even coming up with additional investment.’